Talking to my daughter about the economy

A Brief History of Capitalism

Yanis Varoufakis

As  a social science major undergrad, I scrutinized capitalism in terms of  social impacts of a free market, the widening inequality, the conflicts  of classes, or more on the consequences/impacts side of the system in  short, without an insight into the mechanism (how it work) of this  economic system.

Honestly, I was sometimes frustrated not being  able to visualize the overall picture of how money flows from one end to  the other and the reason/motivation behind interactions between each  stakeholder. It came to the point that I covertly asked my friends to  explain as if they were talking about capitalism to an elementary.  Finally, I found Talking to My Daughter, and it did it just well.

This  book is relatively succinct while covering the macro-picture of the  capitalism from how money was invented as the mean to accommodate the  need of an intermediary good, to how it was swiftly seen as an end (an  ultimate goal), to how greedy some exploit it on false dreams, to how  Bitcoin once comes as a promising solution to the effort of  depoliticizing money business.

I found my heart jumping in  excitement whenever each economic concept I once found nothing but  tedious “money” things becomes more like a story of how it starts and  ends. The first thing that popped up in my mind after this book is my  sister, whose uni major happens to be on economics. I think she would  find it interesting too.

One point, though...This book is probably not for “experts” seeking in-depth discussions on a specific related topic.

Autumn 2020

October 14, 2020, 3:00:00 PM

4.5

finance, economics, business

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Talking to my daughter about the economy