Varoufakis is the first heterodox academic economist, a critic of the dominant neo-classical tradition that holds sway in university departments, to make it into power. His ascent sends a warning shot across the bows of conventional economic thinkers and boosts the “post-crash economics” movement that complains that traditional economists failed to foresee the 2008 crash.
Varoufakis is the first heterodox academic economist, a critic of the dominant neo-classical tradition that holds sway in university departments, to make it into power. His ascent sends a warning…