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Revised and updated The Global Minotaur originally published in 2011 is a provocative one of the most dynamic and reasonable of contemporary economists takes a long view of the global economy and describes how after the collapse in the 1970s of the postwar economic order the world began sending incredible amounts of capital to Wall Street just as the ancient Athenians paid regular tribute to the mythical Cretan Minotaur It was this flow of money that became the engine that pulled the world economy through to the financial collapse of 2008 Europes crisis today is just one symptom of a global system which is now as unsustainable as it is imbalanced Full of up to the minute commentary on the financial crisis as the unfold The Global Minotaur is an essential account of the socioeconomic events and hidden histories that have shaped the world as we now know it
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