The invisible rift
How does the Greek economy actually work? How does it differ from other Western economies? What forces and practices can help us overcome the crisis?
How does the Greek economy actually work? How does it differ from other Western economies? What forces and practices can help us overcome the crisis? The answers are not to be found in macroeconomic figures, nor in simplistic narratives about oligarchs, loan sharks, trade unionists and idlers.
They lie in the plans of families, in the scale of businesses, in the way we produce, in the organisation of the state, in the details of laws, in the motives of politicians. Institutions, whether formal or informal, and everyday behaviours, shaped the economy that collapsed in 2009, and these will shape the emerging economy.
The book reconstructs Greece’s political economy using the tools of the neo-institutional school. It brings together the everyday with the macro, ‘people’ with ‘numbers’, the local with the global. It begins with examples from tourism, shipping, agriculture, public administration and other sectors, and moves on to deficits, unemployment, and Greece’s position in Europe. In simple language and human terms, it describes what the transition from the distorted prosperity of the post-dictatorship era to productive and outward-looking growth means.
- Pages: 328
- ISBN: 978-960-572-004-9
- Publication: 2013
- Categories: Books, Humanities & Social Sciences, Οικονομία & Πολιτική
Aristos Doxiadis
Aristos S. Doxiadis was born in 1951, grew up in Athens, and studied social sciences and economics at Harvard and the University of London. He began his career conducting public policy research for the Greek government and international organisations. He participated in European Commission pilot programmes to combat poverty across Europe, and subsequently managed business consultancy firms.
Since 1995, he has worked in venture capital firms for small and medium-sized enterprises. He has evaluated hundreds of business plans and has worked closely with dozens of entrepreneurs. Since 2010, he has been writing articles on the crisis and the institutions of the Greek economy. He blogs at aristosd.wordpress.com. The Invisible Fault Line is his first book.
