Prof. Wolff on TRNN: "Don't Celebrate Just Yet: Median Household Income In a 20-Year Decline"

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Recent statistics from the US Census Bureau show improvement from 2014-2015, but in reality, wages are in a real decline and no mechanisms have been put in place to prevent another crash, says Prof. Wolff.

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The Contradictions of Finance

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This article originally appeared at Truthout.org and Roar Magazine.

Like much else in economies, finance both enhances the economy's growth and development and undermines it. The balance between these contradictory effects depends on all the other aspects of an economy and society and how they all influence financial contradictions. From its first entrance into the economy -- that part of society concerned with the production and...READ MORE


Economic Update: Worker Coops Vs. Capitalism

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On this week's Economic Update, Prof. Wolff provides updates on declining US incomes, parental leave policies, rising medical deductibles...READ MORE


Global Capitalism: September 2016 Monthly Economic Update

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Global Capitalism, Monthly Economic Update:
"Labor Day: The Condition of the Working Class & Labor's Strategy"

These programs begin with 30 minutes of short updates on important economic events of the last month. Then Wolff analyzes several major economic issues. For September 2016, these will include...READ MORE

 


Prof. Wolff on The Big Picture RT with Thom Hartmann

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Prof. Wolff joins The Big Picture RT's Thom Hartmann to discuss whether the FED has created a "False Economy."

 

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Economic Update: Economics for Labor Day

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On this week's episode of Economic Update, Prof. Wolff, provides updates on dark money, Mylan drug scandal, air lines concentrating, capitalism and...READ MORE


Rosa Remix: 100 years of capitalism’s global relocation

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This article originally appeared at Roarmag.org

Rosa Luxemburg’s great work displays extraordinary merits. First, she explained key dimensions of the capitalism of her time in an exemplary application of Marxian economics. Second, she integrated foreign trade and imperialism into economic theory further and with more insight than most economists including Marx had yet done. Third, she showed the powerful insights available by using Marx’s basic value and price concepts: a remarkable testimony to the usefulness of the labor theory of value. Finally, she linked her theoretical work to the strategic concerns and debates of the workers’ movements of her time. She took sides with an open honesty rarely equaled since among economic theorists who sell themselves instead by pretending to be “scientists above politics.”

 

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Prof. Wolff on District Sentinel Radio's "Unanimous Dissent"

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On this episode of "Unanimous Dissent," Prof. Wolff joins the show to discuss Hillary Clinton and Donald Trump’s economic solutions--or the woeful lackthereof. “Trickle-up” is needed, he says, not “trickle down.”

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Prof. Wolff on BBC's Business Matters

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Prof. Wolff joins BBC World Service's Business Matters to discuss capitalism, Marxism and worker co-ops.

 

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Economic Update: Puerto Rico's Crisis is Systemic

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On this week's Economic Update, Prof. Wolff provides updates on US income inequality vs rest of world, Europe exposes Apple Corp's tax evasion; TTP and...READ MORE


Economic Update: Capitalism's Craziness

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On this week's episode of Economic Update, Prof. Wolff provides updates on universities, politicians, and grad student unions, Bill Gates obscene wealth, Harley-Davidson' illegal pollution and...READ MORE

Prof. Wolff on Redacted Tonight with Lee Camp

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Prof. Wolff joins Lee Camp on Redacted Tonight to discuss his latest book and the current crisis facing capitalism.

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Economic Update: The System Exposed

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On this week's episode of Economic Update, Prof. Wolff provides updates on Olympic economics, mass transit, productivity truths, labor weakness and political parties, golden parachutes...READ MORE


Economic Update: Economics of Worker Coops

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On this week's episode of Economic Update, Prof. Wolff provides updates on Macy's closing 141 stores, Clinton campaign economics...READ MORE


Global Capitalism: August 2016 Monthly Economic Update

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“Economics of this Presidential Campaign”


These programs begin with 30 minutes of short updates on important economic events of the last month. Then Wolff analyzes several major economic issues. For August 2016, these will include...READ MORE


When Systems Crumble: Looking Beyond Global Capitalism

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This article originally appeared at Truthout.org.

As global capitalism staggers painfully, unevenly and dangerously in the wake of its 2008 collapse, its critics divide into two broad camps. One commits to fixing or reforming a capitalism that has somehow lost its way. The other finds capitalism irreparably inadequate and seeks transition to a new and different system. The two camps see many of the same faults: how capitalism relentlessly deepens inequalities of income, wealth, power and access to culture; capitalism's instability (those socially costly cycles it never managed to prevent); and its consequent injustices. Sometimes the two camps can ally and work together. However, at other times -- such as now -- the camps become more wary of, disaffected from, and competitive with one another. Adding complexity these days, the critics favoring system change are also redefining -- for potential recruits and for themselves -- the new system they seek.

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Economic Update: Profits, Families & Sex

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On this week's episode of Economic Update, Prof. Wolff provides updates on more VW sleaze, Irish bankers to jail, US public pension economics, Yale worker wins back job, Yale exposed. Interview with...READ MORE


Prof. Wolff on News.Markets: "Clinton's Historic Moment"

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Prof. Wolff joins New.Markets to discuss a historic moment in US history.

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Economic Update: Economic Crisis, Fascism & History

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On this week's Economic Update, Prof. Wolff provides updates on India's inequality, Philly's poverty behind DNC front, new initiatives from unions, Starbuck's profiteering, gutting federal estate tax. Interview with...READ MORE


Prof. Wolff on News.Markets: "Trump: The Theatre"

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Does Donald Trump – now the official Republican Party presidential candidate – offer anything other than lights, smoke and insults? 

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"'Capitalism in Crisis' with Richard Wolff" - On Contact with Chris Hedges

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Prof. Wolff joins RT's On Contact With Chris Hedges and discuss capitalism in crisis.  

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Economic Update: Convention Economics

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On this week's episode of Economic Update, Prof. Wolff provides updates on platform contradictions, the VW scandal, CEOs pay explosion, Italian banks crisis, scary US auto loans. Major discussions of...READ MORE


Economic Update: Deepening Crisis and African-Americans

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On this week's Economic Update, Prof. Wolff discusses leaders" exposed by crises: Johnson in UK, Dimon in US. Stagnant incomes for most. Interview with...READ MORE


Global Capitalism: July 2016 Monthly Economic Update

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“The Great Emerging Conflict: Capitalism vs Worker Coops”

Co-sponsored by Democracy at Work, Left Forum, and Judson Memorial Church

These programs begin with 30 minutes of short updates on important economic events of the last month. Then Prof. Wolff analyzes several major economic issues. For July 2016, these will include...READ MORE


EconoMinute: What Brexit Means

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In this EconoMinute, Prof. Richard Wolff talks about the decision made by the people of Great Britain to leave the European Union, what the decision means...READ MORE



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