Mara Muchata  (Paperback, Telugu, Yanis Varoufakis, Sudhaa Kiran)

Pages:150 Price:150/- Yanis Varoufakis, an economist who served as Greece’s finance minister, achieves a difficult feat: he offers a history of capitalism and demystifies the building blocks of economics such as debt, money, commodity, and exchange value, without recourse to economic jargon. In fact, he doesn’t even use the word ‘capitalism’, preferring instead to use the term ‘market society’. The book opens with a fundamental question: why is there so much inequality in the world? Varoufakis answers it by going back to the dawn of agriculture. And with agriculture, for the first time we acquired the capacity to produce a surplus (what’s left for accumulation after consumption). It was this surplus that brought an economy into existence. He ends the book with a clarion call for democratising decision-making in the economic sphere, which is currently controlled by a global oligarchy accountable to no one. This is an entertaining and rewarding book that will leave you less dependent on so-called experts when it comes to understanding who’s doing what with your money.