Economic Theory

  • Against the Grain - KPFA Radio Interview (Oct 19, 2011)

    Richard Wolff discusses the crisis of capitalism, how the US became so unequal--and why he believes revolution, not reform, is in order.

  • The David Pakman Show - Income Inequality Isn't Good for America

    Richard Wolff, Economics Professor and one of David's former professors, joins in on The David Pakman Show to dispel conservative propaganda about why rising income inequality isn't a bad thing, and explains the nuts and bolts of why significant income inequality negatively affects the economy. After viewing the clips visit our Election Central 2012 page and participate in our 3 part election survey.

  • Economic Update on WBAI Oct 22

    Updates this week focus on Walmart's elimination and cut-backs of health insurance for its employees, on the failed inspections that recently allowed unclean melon production to kill 25 Americans and sicken many more, on the rising scandal of college students' debt burdens, and on the grotesque Herman Cain plan that would sharply lower taxes on the richest Americans. The major focus was a comparison of the 1930s with the current crisis in capitalism to draw lessons for the kind of economic policy now that the Occupy Wall Street movement might consider. 

  • Special Comments - Short Clips

    In this series of short video clips, Professor Wolff discusses Deficits and Debts, Europe's Crisis and Austerity, Tea Party Politics, Social Security, and What Obama's Economic Policy should be. 

    Deficits and Debts - Causes and Cures


    Europe's Crisis and Austerity


    Major Corporations and Tea Party Politics


    The Real Economics of Social Security


    What Obama's Basic Economic Policy Should Be

  • Global Capitalism - A Monthly Update & Discussion Oct 2011

    These Tuesday evenings will each begin with an update and analysis of major economic events of the last month and their contexts of longer-term economic trends shaping politics and society here and abroad. We will focus on the evolving global capitalist economic crisis and its consequences. We will examine topics such as

  • TO VIMA Interview Questions


    Below is a set of answers to a list of questions posed by a reporter for a major Athens, Greece daily paper, TO VIMA. Its Sunday edition for August 14 carried an article based on those questions and answers, although not written in that same form. The link to the original Greek publication is available on this page in the upper right-hand corner.  

    1. Was there anything Barack Obama could have said to prevent the US downgrading?

  • Occupy Wall Street - Richard Wolff Speaks

    Richard Wolff speaks to Occupy Wall Street's Open Forum on Tuesday, October 4, 2011. Speaking in Liberty Square near Wall Street without microphones, Wolff focuses on the economic crisis and the problem of capitalism as a system as they relate to the new social movement being achieved by Occupy Wall Street and all those inspired by it across the country.

  • Occupy Wall Street asks the big economic questions

    Original article, by Ellen Russell, appeared on on October 6th, 2011

    "We Are The 99 per cent that will no longer tolerate the greed and corruption of the 1 per cent," say the Occupy Wall Street protesters. This grassroots protest started on Wall Street, but is now spreading far and wide among folks who just can't take it anymore.

  • Occupy Wall Street ends Capitalism's Alibi

    Appeared in the Guardian "Comment is Free" on October 4th, 2011

  • Question Capitalism

    Recently the Occupy Wall Street movement has gone international. Many believe that these uprisings are a part of a growing concern for a change of governments. What are the real alternatives to current government systems? Will the Occupy Wall Street movement make Americans question capitalism? Richard Wolff, talk show host at WBAI Radio, digs deeper.


  • Welfare to Nofare - Crosstalk

    Much of the developed world is still reeling from the aftermath of the 2008 financial meltdown. Austerity measures have begun to wipe out the foundations of the welfare state while the 20th-century model of social democracy seems to be giving way to capitalist absolutism. In 2009, Newsweek heralded the end of capitalism, saying “We are all socialists now!” But two years later, the left has all but quit the European stage and individualism has become the dominant cultural paradigm.

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