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Irony and Absurdity: the Nobel Prize in Economics (Blog)

  The ironies and absurdities of the Nobel Prize in economics announced today are more than any short note could possibly cover. So I will comment here on only one of them.   The two winners, Alvin E. Roth of Harvard University and Lloyd Shapley of UCLA, worked on the details of markets, on market “failures,” and on how markets might be adjusted to fail less.

Economic Update: "Economics = Different Theories, Different Analyses"

Updates on the economics of public vs charter schools and Walmart as capitalist "success story." Major discussion of economic theories that celebrate vs theories that criticize capitalism. Responses to listeners' questions about German workers' "co-determination" and French socialism's waffling.

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.

Obama / Romney debate anaylsis

  Professor Wolff provides his post-debate anaylsis airing for thirty minutes after the debate on all Pacifica radio stations across the country.

Paul Krugman: Shame on You (Blog)

  Today’s New York Times column by Paul Krugman achieves a new low. "Good news" for workers? Wow. Maybe ignoring criticisms of Keynesian economics from the left all these years has made Krugman see no need to deal with them; after all his job now seems to be to attack the Republicans for Mr Obama's benefit.   Lets see; as important as having a job - and we are not yet even half way from the crisis peak of 10% unemployment back to the pre-crisis outrage of 5% unemployment - is what kind of job.

Living Alone

Originally appeared on Truthout.org

Three books. Three eye-opening accounts of tectonic shifts in American life. And one extraordinary analysis of the intimate connections between the new economy, the political power structure and the historic rise of one-person households.

Economic Update: "What the Presidential Debate Evaded: Economic Realities"

Updates on declining graduate school enrollment and how wealthy evade taxes. Expose of Romney's "double taxation" excuse to lower taxes on the rich. Response to questions on relation of workers self-directed enterprises to markets and issue of workers' competence to run enterprises.

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.

Big Finance's Pathology Compels the Logic of Socialised Banking

This article originally appeared on The Guardian's website.

A Washington state supreme court finding against improper foreclosures is just the latest instance of banks' malfeasance.

A long string of socially costly misdeeds by major private US banks have been exposed since the current crisis hit in 2007. The latest concerns an obscure enterprise named Mortgage Electronic Registration Systems, or Mers.

Economic Update: "Class Warfare"

Updates on public pensions crisis and megabanks' massive failures. Interview: NYU Prof. Juan Flores on class warfare in the US. Responses to listeners on federal subsidies of big banks and on varieties of capitalism.

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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