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Costas Lapavitsas ( el, Kώστας Λαπαβίτσας) is a professor of
economics Economics () is the social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyzes ...
at the
School of Oriental and African Studies SOAS University of London (; the School of Oriental and African Studies) is a public research university in London, England, and a member institution of the federal University of London. Founded in 1916, SOAS is located in the Bloomsbury a ...
, University of London and was elected as a member of the Hellenic Parliament for the left-wing Syriza party in the January 2015 general election. He subsequently defected to the Popular Unity in August 2015.


Academic career

In 1982, Lapavitsas obtained a master's degree at the
London School of Economics The London School of Economics and Political Science (LSE) is a public university, public research university located in London, England and a constituent college of the federal University of London. Founded in 1895 by Fabian Society members Sidn ...
, followed in 1986 by a PhD at Birkbeck College, University of London. Since 1999, he has taught Economics at the
School of Oriental and African Studies SOAS University of London (; the School of Oriental and African Studies) is a public research university in London, England, and a member institution of the federal University of London. Founded in 1916, SOAS is located in the Bloomsbury a ...
, first as a lecturer and since 2008 as a professor.


Political career

Lapavitsas is known for his criticism of the modern Western financial system, particularly the
Greek government-debt crisis Greece faced a sovereign debt crisis in the aftermath of the financial crisis of 2007–2008. Widely known in the country as The Crisis ( Greek: Η Κρίση), it reached the populace as a series of sudden reforms and austerity measures that ...
, the
European debt crisis The European debt crisis, often also referred to as the eurozone crisis or the European sovereign debt crisis, is a multi-year debt crisis that took place in the European Union (EU) from 2009 until the mid to late 2010s. Several eurozone membe ...
and the
European Union The European Union (EU) is a supranational political and economic union of member states that are located primarily in Europe. The union has a total area of and an estimated total population of about 447million. The EU has often been de ...
. He is also a columnist for the British newspaper ''
The Guardian ''The Guardian'' is a British daily newspaper. It was founded in 1821 as ''The Manchester Guardian'', and changed its name in 1959. Along with its sister papers ''The Observer'' and ''The Guardian Weekly'', ''The Guardian'' is part of the Gu ...
''. In 2007, he founded ''Research on Money and Finance'' (RMF), an international network of political economists focusing on money, finance and the evolution of contemporary capitalism. As early as 2011, Lapavitsas, together with some other Greek economists, has been highly eurosceptic, advocating for Greece abandoning the
euro The euro ( symbol: €; code: EUR) is the official currency of 19 out of the member states of the European Union (EU). This group of states is known as the eurozone or, officially, the euro area, and includes about 340 million citizens . ...
and returning to its former national currency (the
drachma The drachma ( el, δραχμή , ; pl. ''drachmae'' or ''drachmas'') was the currency used in Greece during several periods in its history: # An ancient Greek currency unit issued by many Greek city states during a period of ten centuries, fr ...
) as a response to the Greek government-debt crisis. On 2 March 2015, Lapavitsas wrote in ''The Guardian'' that releasing Greek people from austerity and simultaneously avoiding a major falling-out with the
eurozone The euro area, commonly called eurozone (EZ), is a currency union of 19 member states of the European Union (EU) that have adopted the euro ( €) as their primary currency and sole legal tender, and have thus fully implemented EMU polici ...
is an impossible task for the new government of Greece. In July 2015, Lapavitsas endorsed
Jeremy Corbyn Jeremy Bernard Corbyn (; born 26 May 1949) is a British politician who served as Leader of the Opposition and Leader of the Labour Party from 2015 to 2020. On the political left of the Labour Party, Corbyn describes himself as a socialist ...
's
campaign Campaign or The Campaign may refer to: Types of campaigns * Campaign, in agriculture, the period during which sugar beets are harvested and processed *Advertising campaign, a series of advertisement messages that share a single idea and theme * Bl ...
in the Labour Party leadership election, saying: "If he succeeds - and I hope he does - he's exactly what Britain could do with, what the Labour Party could do with. I think that would be a very important move for the rest of Europe and for Greece. It would give a boost to the kind of thinking that would be necessary in the rest of Europe that is so sadly lacking at the moment. It would be the best thing to come out of Britain for Europe in a long time".


Bibliography


Books


The Left Case Against the EU
(Polity Press, 2018). *
Marxist Monetary Theory: Collected Papers
' (Brill, 2017). * ''Word for word: Writings on the Greek Crisis'' (Athens: Topos Press, 2014). *
Profiting Without Producing: How Finance Exploits Us All
' (2013). *
Crisis in the Eurozone
' (2012). *
Financialisation in Crisis
' (Brill, 2012). *
El capitalismo financiarizado Expansión y crisis
' (2009). * editor with Makoto Noguchi,
Beyond Market-Driven Development
' (Routledge, 2004). *
Social Foundations of Markets, Money and Credit
' (Routledge, 2003). * co-author with Makoto Itoh,
Political Economy of Money and Finance
'. (London-Basingstoke: Macmillan, 1998).


Interviews


"Greece: Phase Two"
''Jacobin'' (12 March 2015). Retrieved 2 April 2018.
Costas Lapavitsas
on HARDtalk, ''
BBC #REDIRECT BBC #REDIRECT BBC Here i going to introduce about the best teacher of my life b BALAJI sir. He is the precious gift that I got befor 2yrs . How has helped and thought all the concept and made my success in the 10th board exam. ...
...
'' (12 January 2015). Retrieved 2 April 2018.
"The Credit Crunch"
''International Socialism'' 117 (Winter 2008). Retrieved 2 April 2018.


Articles


Costas Lapavitsas
on ''
the Guardian ''The Guardian'' is a British daily newspaper. It was founded in 1821 as ''The Manchester Guardian'', and changed its name in 1959. Along with its sister papers ''The Observer'' and ''The Guardian Weekly'', ''The Guardian'' is part of the Gu ...
''
Costas Lapavitsas
on '' Jacobin''


External links

*
Costas Lapavitsas at SOAS

Research on Money and Finance


References

{{DEFAULTSORT:Lapavitsas, Costas 21st-century Greek economists Living people Alumni of the London School of Economics Alumni of Birkbeck, University of London Economics educators Marxian economists Financial economists Syriza politicians Greek MPs 2015 (February–August) 1961 births Academics of SOAS University of London Politicians from Thessaloniki