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Yanis (Varoufakis), the Minotaur, and the Field of Eurocracy

Author

Listed:
  • Didier Georgakakis

    (UP1 - Université Paris 1 Panthéon-Sorbonne)

  • Frédéric Lebaron

    (ENS Paris Saclay - Ecole Normale Supérieure Paris-Saclay, IDHES - Institutions et Dynamiques Historiques de l'Économie et de la Société - UP1 - Université Paris 1 Panthéon-Sorbonne - UP8 - Université Paris 8 Vincennes-Saint-Denis - UPN - Université Paris Nanterre - UEVE - Université d'Évry-Val-d'Essonne - CNRS - Centre National de la Recherche Scientifique - ENS Paris Saclay - Ecole Normale Supérieure Paris-Saclay)

Abstract

»Yanis (Varoufakis), der Minotaurus und das Feld der Eurokratie«. This paper aims to show the binding force within the social field of Eurocracy and, more specifically, the subfield of the European economic governance, through the singular case of Yanis Varoufakis's experience as Greek minister of finance. Why is it that, while many elements might have suggested that Varoufakis was not lacking resources, his passage from economics into politics ended up in a fairly brutal shock and a mutual exclusion so extremely invested in on the symbolic level? The paper's hypothesis is that a substantial part of the strategies of the epistemic agent Varoufakis-an experienced economist as well as new ruler and new politician in the EU game-were completely out of tune with the structure of the field. To show this, the paper deliberately breaks with the causal analysis of the bargain inside the Eurogroup to build on the use of two multiple correspondence analyses (MCA). The first describes a view of (and from) the silent fraction of the field, composed of insiders in the European administrations. The second reconstructs Varoufakis's own relational position and vision of the game from the book he wrote on his experience. Thanks to these two approaches, we combine a descriptive-institutional and a narrativeindividual construction of the same social space to explore its deep structure and effects in an innovative way.

Suggested Citation

  • Didier Georgakakis & Frédéric Lebaron, 2018. "Yanis (Varoufakis), the Minotaur, and the Field of Eurocracy," Post-Print halshs-03059237, HAL.
    • Handle: RePEc:hal:journl:halshs-03059237
    DOI: 10.12759/hsr.43.2018.3.216-247
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-03059237
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    References listed on IDEAS

    as
    1. Varoufakis, Yanis, 2011. "The Global Minotaur," University of Chicago Press Economics Books, University of Chicago Press, number 9781780320151, Febrero.
    2. Cornel Ban & Leonard Seabrooke & Sarah Freitas, 2016. "Grey matter in shadow banking: international organizations and expert strategies in global financial governance," Review of International Political Economy, Taylor & Francis Journals, vol. 23(6), pages 1001-1033, November.
    3. Stephanie L. Mudge & Antoine Vauchez, 2018. "Too Embedded to Fail: The ECB and the Necessity of Calculating Europe," Post-Print hal-02736884, HAL.
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    Cited by:

    1. Jayeon Lindellee & Roberto Scaramuzzino, 2020. "Can EU Civil Society Elites Burst the Brussels Bubble? Civil Society Leaders’ Career Trajectories," Politics and Governance, Cogitatio Press, vol. 8(3), pages 86-96.
    2. Goutsmedt, Aurélien & Sergi, Francesco, 2024. "Redefining Scientisation: Central Banks between Science and Politics," SocArXiv dxvfp, Center for Open Science.
    3. Goutsmedt, Aurélien & Sergi, Francesco & Claveau, François & Fontan, Clément, 2023. "The Different Paths of Central Bank Scientization: The Case of the Bank of England," SocArXiv jzwdt, Center for Open Science.
    4. Håkan Johansson & Anders Uhlin & Malin Arvidson, 2022. "Capital and Closure in the EU Field. Advancement in the European Economic and Social Committee," Journal of Common Market Studies, Wiley Blackwell, vol. 60(4), pages 1069-1085, July.

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