Economic Theory

  • 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.

  • Richard Wolff on Capitalism and Socialism: An Interview with C. J. Polychroniou

    This article originally appeared at www.enet.gr  

    Greek version of article available in the Non-English section of rdwolff.com

  • Welcome to Econ...A Q&A with Richard Wolff

    This article originally appeared at Counterpunch.org

  • The Extraenvironmentalist Interview: A Discussion of "A Cure for Capitalism"

     

    Professor Rick Wolff explains why growth has become a focus of our modern political system. He describes how inequality is created by the way our enterprises are organized.

  • Richard Wolff on The Campbell Conversations

    Professor Wolff joins Grant Reeher on The Campbell Conversations and argues that our economic recovery has so far been a “fiction,” unless you’re in the top one percent, and he further claims that this problem reflects something much more fundamentally wrong with our modern system of capitalism.  He finds a solution to the problem in a reconsideration of the way we govern the workplace.

    http://wrvo.org/post/richard-wolff-campbell-conversations

  • Recovery hype: American Capitalism's Weapon of Mass Distraction

    This article originally appeared at The Guardian. 

    http://www.theguardian.com/commentisfree/2013/sep/27/recovery-hype-capit...

    From President Obama on down, defenders of the status quo insist that the US economy has "recovered" or "is recovering". Some actually see the world that way. They inhabit, imagine they inhabit, or plan to soon inhabit the world of the infamous top 1%. Others simply seek security in life by loyally repeating whatever that 1% is saying.

  • State of Democracy Lecture Series "Can Democracy Cure Capitalism?"

    The Cambell Public Affairs Institute hosted Professor Wolff as part of its annual State of Democracy Lecture Series. Professor Wolff discussed Economic Democracy in the face of the current Economic Crisis.

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