Articles

  • Economic Update: "Lessons from Megabanks’ Megascandals"

      Updates on big bank misdeeds, internet provider monopoly, and social effects of unemployment. Critical analysis of proposal to break up big banks, capitalism and the tomato industry, and expose of real goals of austerity policies.
  • Minimum Wage (Blog)

      The argument for an increase in the minimum wage ought not to rely on or focus on economics. The political, ethical, and social reasons for higher minimum wages make the case better, more clearly and more definitively.   Economists have accumulated a vast literature on the minimum wage. That literature is divided into two opposing schools. The first, comprised of paid spokespersons for business and their various allies in politics, media and the academy, strives to establish the following sort of argument.
  • On "The Monitor" Radio Show 90.1 KPFT in Houston, TX

    Interviews from Jan 21 and Feb 10, 2013

    Parts I and !!

  • Alternatives to Capitalism

    will appear in Critical Sociology Journal in May 2013

  • Democracy Realized

      In worker self-directed enterprises (WSDEs), workers democratically run the affairs of the enterprise. They make the decisions whose consequences shape their lives. Their job descriptions require them to perform some specific tasks within the enterprise’s division of labor, but their job descriptions also obligate their participation in directing the enterprise.   To perform their specific tasks, workers in WSDEs must learn how to do the required work, must be trained and educated, first in schools before employment and afterwards on the job as well.
  • Austerity, US Style, Exposed

    originally appeared in Truthout.org

  • Online Education: Another Phony "Revolution"

    originally appeared in Truthout.org

    Thomas Friedman's latest column touting online education "is another exercise in (1) finding a potential positive dimension of capital's latest profit-driven move, (2) hyping it and (3) ignoring its contradictions, especially those that are negative."

  • Income Inequality

        In the United States as in many other capitalist countries, recent decades have seen a growing distance between higher and lower personal incomes. Income inequality and poverty levels have risen. Occasionally defended as necessary, natural, and even desirable by some, most citizens have expressed more or less dismay and opposition to ever-greater personal income inequality. They see that inequality as helping to cause the severe global crisis since 2007. They believe that it strains the implicit social compacts holding contemporary capitalist societies together.
  • Talking Congressman Ryan on KPFA's Evening News

    Professor Wolff on KPFA's Evening News

  • Economic Update: "Economics and Banking"

      Updates on Gerard Depardieu's individual tax evasion, corporate tax evasion via profit repatriation, worst CEOs of 2012, and phony DC "debt-ceiling" theatrics. Discussion of Swiss bank crimes, Keynesian vs Marxian economics, political turmoil in 2013, and criticism of markets. Response to question on new capital gains taxes.   On Economic Update with Professor Richard Wolff, Wolff and guests will discuss the current state of the economy, both locally and globally in relation to the economic crisis.

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