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Good video, but quite long. If anybody wants a more compressed summary of the policy points, check this one out:

https://www.youtube.com/watch?v=ytXgMnm9tHs

Note that he is a mathematical economist with a PhD (focusing on game theory), and also a self-proclaimed Marxist. So his ideas and perspectives are very interesting, to say the least, and at times very unique.



A Marxist who's into Hayek? Now that's interesting. Where did you find the Marxism? It's not in his Wikipedia article (which really needs updating).


His blog: CONFESSIONS OF AN ERRATIC MARXIST IN THE MIDST OF A REPUGNANT EUROPEAN CRISIS

http://yanisvaroufakis.eu/2013/12/10/confessions-of-an-errat...


From this talk he gave, entitled "Confessions of an Erratic Marxist":

https://www.youtube.com/watch?v=A3uNIgDmqwI


I don't think he can be nailed down to Marxism or any other -ism. He seems to be part of a eclectic gang of economists that find insight and inspiration everywhere, by simply putting reality ahead of thought models.


I figured that from Marx plus Hayek :-)


Correct me when I'm wrong, but are those two not economists who gave a flying fuck about empiricism?


Marx was writing when it wasn't even called economics. Hayek was fine with empiricism, you may be thinking of his later followers Rothbard and von Mises.


Much more Godley/Minsky/Lerner.




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