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Talking to My Daughter about the Economy: Or, How Capitalism Works--And How It Fails

by Yanis Varoufakis

Economics explained through a parent’s letters

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Awards & Recognition

  • Editorial selection

    Junior Library Guild Gold Standard Selection

    Selected as a Junior Library Guild Gold Standard Selection.

AlbakiReads Editorial

Economics explained through a parent’s letters

Yanis Varoufakis uses a series of letters to his daughter to connect the workings of the economy with its history and political consequences. The book considers how economic systems distribute benefits and hardship, traces the origins of inequality within and among nations, and questions the idea that everything should have a price. It also examines economic instability and the limits Varoufakis sees in market-driven responses to environmental decline. The letter format frames these subjects as an introduction to fundamental economic questions, while the author’s arguments offer a distinctly critical perspective on capitalism and a more democratic alternative.

Good fit for readers who enjoy

  • Readers seeking an accessible introduction to economics and capitalism.
  • Readers interested in inequality, political economy, and the environmental consequences of economic policy.
  • Parents or educators looking for a letter-based way to approach economic questions with younger readers.

Themes

Capitalism and its shortcomingsEconomic inequalityMarkets and political powerEconomic instabilityEnvironmental decline

Based on publisher information and book metadata.

Book overview

A Junior Library Guild Gold Standard Selection

In Talking to My Daughter About the Economy, activist Yanis Varoufakis, Greece's former finance minister and the author of the international bestseller Adults in the Room, pens a series of letters to his young daughter, educating her about the business, politics, and corruption of world economics.


Yanis Varoufakis has appeared before heads of nations, assemblies of experts, and countless students around the world. Now, he faces his most important--and difficult--audience yet. Using clear language and vivid examples, Varoufakis offers a series of letters to his young daughter about the economy: how it operates, where it came from, how it benefits some while impoverishing others. Taking bankers and politicians to task, he explains the historical origins of inequality among and within nations, questions the pervasive notion that everything has its price, and shows why economic instability is a chronic risk. Finally, he discusses the inability of market-driven policies to address the rapidly declining health of the planet his daughter's generation stands to inherit.

Throughout, Varoufakis wears his expertise lightly. He writes as a parent whose aim is to instruct his daughter on the fundamental questions of our age--and through that knowledge, to equip her against the failures and obfuscations of our current system and point the way toward a more democratic alternative.

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