Economic Theory

  • 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.

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

    This article originally appeared at The Guardian.

    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.

  • Media Channel Interview: Economics in Media

    Professor Wolff joins Danny Schechter to discuss the narrow coverage of economics in media, our fictional economic recovery, Occupy Wall St., and the structural problems that perpetuate a vast disparity of wealth.

    Part 1

    Part 2 

  • Economic Update: Small vs. Big Business

    Update on fast-food CEO pay, lost output from Great Recession, US healthcare overcharging explained, Treasury Secretary Paulson explains his deference to bankers, and the 1% US poorest. Major discussions on differences and conflicts between big and small businesses in capitalism and how Marxian economics differs from Neoclassical and Keynesian economics.

  • Fears of Changing Global Economy Underscore G20 Summit

    Professor Wolff joins Mike Walter on Biz Asia America to talk about the upcoming G20 summit in Russia and what can be done to spur global economic growth.

  • Economic Update: What Capitalism Delivers

    Updates on latest US GDP growth, corporate guilty pleas in Gulf of Mexico oil spill disaster, "economic insecurity" in US, Detroit's new sports arena and Prince William's paid paternity leave. Major discussions of US disposable income drop, banks deny 10 million checking accounts, and remarkably favorable polling numbers for labor unions. Response to listeners on sources of capital for worker coops.

  • Democracy Now!: Detroit a "Spectacular Failure"


    Professor Wolff joins Amy Goodman to discuss President Obama's "Drop Dead" moment for Detroit.

    A transcript of this video is available at Portside.

  • Detroit's Decline Is a Distinctively Capitalist Failure

    This article originally appeared at The Guardian.

    A Catalan translation of this article is available at Espai Fàbrica.

    Capitalism as a system ought to be judged by its failures as well as its successes.

  • 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.

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