Economic Theory

  • A Socialism for the 21st Century

     

  • Economic Update: Measuring Capitalism's Results

     

    Updates on Google caught evading taxes, food stamp nation, public higher ed crisis. Major discussions on the US medical-industrial complex and the meaning of Bangladesh's building collapse. Responses to listener questions on anarchism and economics of private property.

     

    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.

  • Professor Wolff Debunks Deficit Myths

    Professor Richard D. Wolff appeared on The David Pakman Show to discuss common misconceptions over deficits, and the realities about the economy and deficits.

    “The minute Republicans are out of office, George Bush and Cheney gone, Obama coming in to replace them, then the Republicans turn around and find the deficit — as they have many times — a useful hammer with which to beat up on the incumbent in the hopes of replacing him,” Wolff argues.

  • Economic Update: Honoring Labor

    Updates on Pope's critique of capitalism, honeybees and pesticides, achievements of the WPA, and another workers' coop launched. Major discussions of rent and housing economics and accusations of workers' "laziness." Response to listeners on why governments run big debts and labor unions' strategic choices.

     

    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.

  • Social Security's Explosive Injustices

     

    People over 65, a growing share of the US population, are suffering a crisis-ridden capitalist system. High unemployment, reduced private pensions, fewer job benefits, less job security, high personal debt levels, and falling real wages make Social Security payments more important than ever. Yet President Obama and Congress recently agreed to bargain over how much to reduce Social Security payments from current levels. That would not only hurt seniors - but also the children who help them.

  • How Class Works

     

  • Professor Wolff on the Economic Crisis

    Professor Wolff sat down with Konstantine Roccas of Arbitrage to discuss the current economic crisis, taking a close look at the instabilities underlying capitalist economic organization and proposing solutions in the form of democratic cooperatives.

    This interview was published by Arbitrage Magazine in three parts: here, here, and here.

     

  • Economic Update: Crisis/Individual Lives

     

    Economic updates of airline delays, minimum wages for tipped workers, global military spending, and profit-driven Bangladesh building collapse. Interview with Barbara Garson on new book, Down the Up Escalator. Comments on new coop restaurant, unemployment office blues, and risks of deflation.

    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.

  • Professor Wolff's Remarks at the Memorial for Stephen A. Resnick (1938 - 2013)

    Professor Wolff recalls his longtime friend and close colleage Stephen A. Resnick on the occasion of Resnick's memorial service.

  • Economic Update: Tax Truths

     

    Updates on Europeans limiting CEO pay, Chileans demonstrate for free education, many countries with higher tax rates for the rich than in US, and UNICEF report on cild welfare in US vs other countries. Major analyses of the social security/payroll tax system, property tax on stocks and bonds, Alaska suffers economic blackmail. Listeners questions on inflation, military spending, and useful sources of economic analysis.

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