Economic Theory

  • Economic Update: "Private Profit vs Social Benefit"

    Updates on my Bill Maher appearance, the Arizona execution, direct actions in Seattle and in New England (market basket stores), Derek Jeter tickets, and Chinese meat scandal. Major discussions of Obama's low polls, the changing meaning of socialism, and differences between private profit and social well-being. Response to listeners on auto and beef industries, credit unions, and bullies.

  • Equal Time Radio podcast: RIchard Wolff on Piketty: Inequality, the Wealth Divide & Lessons from Our Past

    Professor Richard Wolff, author of Democracy at Work: A Cure for Capitalism, discusses Thomas Piketty’s Capital in the Twenty-First Century's research on inequality and the wealth divide while also offering a more systemic critique of capitalism. Piketty’s book is an exhaustive examination of income inequality, based on a formidable database that he and others assembled, that is available online.
  • Equal Time Radio podcast: RIchard Wolff on Piketty: Inequality, the Wealth Divide & Lessons from Our Past

    Professor Richard Wolff, author of Democracy at Work: A Cure for Capitalism, discusses Thomas Piketty’s Capital in the Twenty-First Century's research on inequality and the wealth divide while also offering a more systemic critique of capitalism. Piketty’s book is an exhaustive examination of income inequality, based on a formidable database that he and others assembled, that is available online.
  • Economic Update: Criticisms of Capitalism

    Please click on this link to stream or download this week's program: Truthout.org

    Updates on the General Motors recall scandal; corporations' push for secret courts; the economics of marijuana; Radio Shack closings; and US workers leaving the labor force. Major discussions of the history and basics of the criticism of capitalism, and billionaires and extreme inequality as products of capitalism.

  • Enterprise Structure Is Key to the Shape of a Post-Capitalist Future

    This article originally appeared at Truthout.org

    Richard Wolff talks about "The Shape of a Post-Capitalist Future," his entry in the new anthology Imagine: Living in a Socialist USA, and his conviction that making the transition from capitalism to socialism requires a deliberate critique of capitalist workplace organization.

    Leslie Thatcher for Truthout: What motivated you to choose (of all things!) "corporate structure" in your search for a "powerful, attractive and credible vision of socialism?"

  • Economic Update: The Death of the Middle Class

    Updates on polls showing most Americans want less inequality, why Tea Party types fixate on government debt, and why French and other far right parties gain support. Major discussion on US business recognizing death of middle class, the contradictions of Germany's position within Europe's economic crisis, and Part 1 of analysis of what USSR was. Response to listeners on why official unemployment targets are 4-6.5 % rather than feasible and better 0-0.5 %

    Please click on the link to listen to the program:  www.truthout.org

  • Global Capitalism February Monthly Economic Update

    Updates on major economic developments since December:  Obama's minimum wage policy, the Federal Reserve's "tapering policy" and the new Janet Yellen leadership,  slowdowns in China and the emerging markets, and Thomas Piketty's new book Capital in the 21st Century on capitalism and inequality. Major discussion of the chief causes and social effects of increasingly unequal wealth and income distributions, and the myth of returning manufacturing jobs in the US.

  • Global Capitalism February Monthly Economic Update

    Updates on major economic developments since December:  Obama's minimum wage policy, the Federal Reserve's "tapering policy" and the new Janet Yellen leadership,  slowdowns in China and the emerging markets, and Thomas Piketty's new book Capital in the 21st Century on capitalism and inequality. Major discussion of the chief causes and social effects of increasingly unequal wealth and income distributions, and the myth of returning manufacturing jobs in the US.

  • Janet Yellen and I were taught to revere capitalism. But it's a failing system

    This article orginally appeared at theguardian.com

    (A banner reading 'Capitalism isn't working' at an Occupy protest. Photograph: Oli Scarff/Getty Images)

  • RT Interview: Richard Wolff on 90th Anniversary of Lenin's Death

    Today is the 90th anniversary of the death of Vladimir Lenin - the man credited with changing the course of history for Russia, and the world. His body is on public display in central Moscow, and just like him the ideas he launched a revolution for are not exactly buried. For Russians, 70 years of the Soviet Union left most people indifferent towards Lenin's legacy. Hovewer, the socialist ideas he fought for have gained some traction in the West. Economist Richard Wolff joins RT for a detailed look at socialist ideas.

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