John Milios

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John Milios
Γιάννης Μηλιός
Chief Economic Adviser for Syriza
In office
2012 – March 2015
LeaderAlexis Tsipras
Succeeded byAlekos Kalyvis
Personal details
Born1952 (1952) (age 68)
Athens, Greece
Political partyIndependent left
Alma materTU Darmstadt
University of Osnabrück
NTU Athens

John Milios (Greek: Γιάννης Μηλιός [ˈʝanis miˈʎos]; born 1952) is a Greek social scientist and Marxian economics scholar. He is Professor of Political Economy and the History of Economic Thought at the National Technical University of Athens. An author of several scholarly books, Milios is also director of the quarterly journal of economic theory Theseis.

He was chief economic adviser of the Greek leftist party SYRIZA until March 2015.[1]

Early life and education[edit]

John Milios was born in 1952 in Athens[2] as the son of a lawyer and a dentist.[1] Having attended Athens College, he graduated in the same class with former prime minister George Papandreou,[1] before studying mechanical engineering at TU Darmstadt, Germany, and Athens, where he received his Ph.D. in 1981.

During his studies, Milios became interested in political economics, founding the quarterly journal of economic theory Theseis in 1982. In 1988, he received his second Ph.D. in Social and Economic Studies at the University of Osnabrück, Germany.[3]

Political career[edit]

Since at least 2012[4] until March 2015 he was the chief economic adviser to Syriza.[5] Syriza leader Alexis Tsipras leads a coalition government (Cabinet Tsipras) since the election on 25 January 2015.[1] In February, Milios proposed a scheme to kick start struggling European economies. It involved the European Central Bank buying debt from Euro zone countries. It would hold the debt until the countries Gross domestic product (GDP) rose to five times its value.[6] ("GDP-linked bond") Milios had proposed similar ideas in 2014.[7]

Economic theory[edit]

Regarding the Marxian concept of value-form, Milios argues for a monetary theory of value, where "Money is the necessary form of appearance of value (and of capital) in the sense that prices constitute the only form of appearance of the value of commodities."[8]

Milios has authored more than two hundred papers published in refereed journals (in Greek, English, German, French, Spanish, Portuguese, Italian and Turkish) and has authored or co-authored more than ten scholarly books on Marxian economics.

Main publications in English[edit]

  • (with. D. Dimoulis; G. Economakis): Karl Marx and the Classics. An Essay on Value, Crises and the Capitalist Mode of Production Ashgate, 2002, ISBN 978-0754617983. new edition 2018 ISBN 9781138725935
  • (with D.P. Sotiropoulos): Rethinking Imperialism. A Study of Capitalist Rule. Palgrave-Macmillan, 2009, ISBN 978-0230221000.
  • (with D.P. Sotiropoulos & S. Lapatsioras): A Political Economy of Contemporary Capitalism and its Crisis. Demystifying Finance. Routledge, 2013 + 2015 (ISBN 978-1138901117)
  • "The Origins of Capitalism as a Social System. The Prevalence of an Aleatory Encounter". Routledge, 2018 ISBN 9781138036703


  1. ^ a b c d e Smith, Helena (23 December 2014). "Syriza's chief economist plots a radical Greek evolution within the eurozone". The Guardian. Retrieved 12 January 2015.
  2. ^ Βιογραφικό [Biography]. National Book Centre of Greece (in Greek). Retrieved 12 January 2015.
  3. ^ "Curriculum vitae". Homepage of John Milios. Retrieved 12 January 2015.
  4. ^ BBC: 31 May 2012
  5. ^ "John Milios abgelöst: Syriza schasst Chefökonom". Spiegel Online. 20 March 2015. Retrieved 13 August 2015.
  6. ^ a b "Greece's Syriza sees ECB role in cutting euro zone debt overhang". Reuters. Retrieved 6 March 2015.
  7. ^ TOGETHER , we can put an end to the problems of debt and austerity in Europe! speech, 12 April 2014
  8. ^ Milios, John (2003). "Marx's Value Theory Revisited. A 'Value-form' Approach." (PDF). Proceedings of the Seventh International Conference in Economics. Ankara: METU. p. 9. Retrieved 12 January 2015.

External links[edit]