Economic Theory

  • Economic Update: Economics and Religion

    Updates on Fiat labor struggles in Italy, stagnating real wages in US, capitalist corruption (US, China, Russia), "eminent domain" helps homeowners against foreclosure. Interview with Dr. Obery Hendricks, Jr., professor of religion and biblical studies: how the bible contradicts conservatives' interpretations. Responses to listeners on workers coops forming in Italy, how workers coops can manage growth, and US capitalists substituting stock for cash in paying workers.

  • RT CrossTalk: Class Globalization

     

    Richard Wolff joins RT's Peter Lavelle and Mark Levine on "CrossTalk." What does a globalized middle class mean for global capitalism? Has the system actually reformed itself since the 2008 slump? And, does the world have the resources to accommodate the demands of the rising middle class?

  • Economic Update: Economic Decline Mounts

    Updates on political economy of "internships," Philadelphia public schools disaster, Obama criticized by South African unions. Major discussions of social costs of financial crises, "quantitative easing" policies, and the contradictions of capitalism (part 1). Response to question on workers self-directed enterprises as means for transition beyond 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.

  • "Pure" Capitalism Is Pure Fantasy

    This article originally appeared at Truthout.

    A Croatian translation of this article is available at H-Alter.

  • Richard Wolff: What Happens When the Fed Stops Stimulating the Economy?

     

    Professor Wolff talks with Thom Hartmann about the U.S. relying on the Fed to keep pouring money into the economy.

  • Economic Update: Capitalism and Democracy

    Updates on pay gaps, Alabama bankruptcy, Minnesota lockout, Greek lockout. Discussions of capitalism and democracy, "pure" capitalism, and capitalism's historical shifts. Comments on listeners' questions: workers' owning vs. directing and tax-exempt vs. non-profit.

    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.

  • Employee-run companies on the rise in the US

     

    The US economy is still nine million jobs short of where it was before the recession struck. Some companies have been forced to adapt by allowing employees a share in the business. Al Jazeera's Tom Ackerman reports from Philadelphia.

  • 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.

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