Richard D. Wolff

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

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

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

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

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.”

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.”

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

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