Economic Update with Richard D. Wolff

Latest Episodes:

Economic Update: A Deepening Crisis of Capitalism Oct 21, 2018

Show notes

Updates on IMF prediction of slowing global growth, Bank of England warnings on accumulation of sub-prime debt, Nordhaus Nobel prize and market ideology, Dutch unions and others against corporate tax evasion, and signs of labor militancy in Marriott strike and profit-sharing demands of steelworkers. Interview Chris Hedges on his latest book: America: The Farewell Tour.

EU Extra: The Immigration Issue and Capitalism Cont'd Oct 17, 2018

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Prof. Wolff continues his discussion on immigration and capitalism.

EU Extra: Dr. Harriet Fraad Oct 10, 2018

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Prof. Wolff continues his interview with Dr. Harriet Fraad on how public policies, past and present, serve corporate profits but undermine families, households and personal relationships.

Economic Update: The 'Immigration Issue' and Capitalism Oct 10, 2018

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Updates on UK's Liberal Democrats advocating serious reduction of wealth and income inequality, Sears CEO blames pensions for Sears' problems, JP Morgan predicts next financial collapse in 2020, failure to deal with opioid crisis, G-20 meeting in Argentina evades real issues, Europeans clash with US over trade with Iran, trivial SEC fine for Citigroup dishonesty with investors. Major discussion: political economy of immigration as a right-wing issue and an effective left-wing response.

Economic Update: Public Policy, Private Pain Oct 04, 2018

Show notes

Updates on Bloomberg finds US "among least efficient" providers of health care, Poland's unions demand wealth sharing role, money corrupts US politics in new way, Trump tariffs bad for many US corporations. Interview: Dr. Harriet Fraad on how public policies, past and present, serve corporate profits but undermine families, households and personal relationships.

EU Extra: Black Socialists (BSA) Oct 01, 2018

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Professor Wolff continues his interview with Black Socialists of America founders Z & Sean Champagne.

Economic Update: Black Socialists of America (BSA) Sep 27, 2018

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Updates on Chicago hotel workers strike and Philadelphia parking lot attendants organizing, Cuomo's centrist, money-dependent campaign, another socialist (Julia Salazar) wins election, McDonald's workers strike in 10 cities against employer's failure to stop sexual harassment. Interview: Z and Sean, two leaders of new BSA.

EU Extra: Prof. Michael Pelias Sep 25, 2018

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Professor Wolff interviews Professor Michael Pelias about the rationale and goals of launching a new Left University in New York City.

Economic Update: Launching a New University Sep 20, 2018

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Updates on Tenth Anniversary of Lehman Brothers Bank collapse, assisting Ocasio-Cortez show how to finance socialist projects, Colin Kaepernick's ad for Nike and contradictions of capitalism. Interview with Michael Pelias on launching a new Left University in New York: rationale and goals.

Keynesian Vs. Marxian and Neoclassical Economics Sep 13, 2018

Show notes

This week's special edition of Economic Update deals with Keynesian economics as a theory that clashes with both the mainstream economics ("neoclassical") that celebrates private capitalism and with critical theories such as Marxian economics that are opposed to capitalism.