Economic Theory

  • Economic Update on WBAI Aug 13

    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.We will focus on wages, jobs, taxes, and debts - and on interest rates, prices, and profits. We aim to explain why certain economic changes are happening and other changes get postponed or blocked and we will explore alternative ways to organize enterprises, markets, and government policies.
  • Thom Hartmann Interview - How Bad Will Things Get in AA America?

    Richard Wolff joins Thom Hartmann on The Big Picture to discuss the recent downgrading by Standard and Poor's and the resulting plummet in the stock market (634 points) that occurred soon after - the largest one-day loss since the financial crisis began in 2008.

  • Economic Update on WBAI August 6

    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.We will focus on wages, jobs, taxes, and debts - and on interest rates, prices, and profits. We aim to explain why certain economic changes are happening and other changes get postponed or blocked and we will explore alternative ways to organize enterprises, markets, and government policies.
  • A Tale of Two Lootings

    Appeared originally on Truthout.org on August 3rd, 2011

    The political posturing around the debt ceiling "crisis" was mostly a distraction from the hard issues. The hardest of those - underlying US economic decline - keeps resurfacing to display costs, pains and injustices that threaten to dissolve society. Its causes - two long-term trends over the last 30 years - help also to explain the political failures that now compound the social costs of economic decline.

  • A Cure for Capitalism CA Book Tour

      After five years of deepening crisis, failed "solutions," and aborted "recoveries," millions see our current system no longer serving us. It's time to demand a cure big and bold enough to work. Join Richard Wolff to hear that cure presented, explained, and justified.

    This evening will also launch Wolff's latest book, Democracy at Work: A Cure for Capitalism released September 1st, 2012 by Haymarket Publishers. He will gladly sign purchased copies.

    Tickets will be $15 in advance and $20 at the door. All funds go to Democracyatwork.info.

  • Recovery, What Recovery?

    Appeared in the Guardian "Comment is Free" on July 28th, 2011

    Corporate profits and stocks have recovered, but for the millions of Americans who live on Main Street, economic conditions remain depressed. Photograph: Mark Lennihan/AP

  • Debt Showdown is "Political Theater" Burdening Society’s Most Vulnerable

    Republicans have agreed to a vote today on a budget plan they say will cut the deficit $917 billion over 10 years. The move sets the stage for showdown against unified Democratic opposition in the Senate and threats of a White House veto. To discuss the debt talks and economic austerity worldwide, we’re joined by Richard Wolff, Emeritus Professor of Economics at University of Massachusetts-Amherst, and author of several books including, "Capitalism Hits the Fan: The Global Economic Meltdown and What to Do About It." "Politics in the U.S.

  • Resistance and Austerity in Europe

    Richard Wolff reports on the mass movements against austerity policies in Europe on The Real News Network.

  • From Economic to Social Crisis: Deficits, Debt, and a Little Class History

    Throughout its history, capitalism never succeeded in preventing recurring economic cycles or crises. However, they were usually contained within the system. Economic crises usually did not become social crises; the system itself was usually not called into question. Transition to a different system was then an idea kept away from public discussion, a project kept from public action. During cyclical downturns production was reduced, unemployment and bankruptcies rose, deflation often hit and hurt, and mass working-class suffering spread.

  • Richard Wolff on The Economy and the Capitalist Crisis

    Host Per Fagereng hosts a special one-hour Fight the Empire show with economist Richard Wolff on the economy and the global capitalist crisis.

  • Economic Update on WBAI July 23

    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.We will focus on wages, jobs, taxes, and debts - and on interest rates, prices, and profits. We aim to explain why certain economic changes are happening and other changes get postponed or blocked and we will explore alternative ways to organize enterprises, markets, and government policies.

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