Economic Theorists: The High Priests of Capitalism

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This article originally appeared at Truth-out.org.

People have always chosen among different co-existing economic theories to understand the world and to act within it. Who chooses which theory, consciously or not, shapes world history. Disagreements over Brexit emerged partly from different ways of understanding the British economy and its relation to Europe. Donald Trump's support...

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Global Capitalism: June 2016 Monthly Update

“The Costs of Capitalist Decline in North America and Europe

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 June, these will include:

 

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Puerto Rico: Wanted, Used, Depleted

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This article has also been translated into Spanish and Italian.

Since Governor Alejandro García Padilla of Puerto Rico announced that its debts were not payable, mainstream media has shown a great interest in the archipelago. Combine a government debt between $70 and $73 billion, a shrinking population of about 3.5 million American citizens, and a subordinate political status, this US territory is at an unprecedented moment in its history. With all the attention Puerto Rico is receiving, most people are left scratching their heads, wondering how this economic crisis came about.

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Economic Update: Small Victories, Big Lessons

 

On this week's episode of Economic Update, Prof. Wolff provides updates on victories (1) over US sugar industry and (2) in reducing Sweden's 40-hour workweek to 30 hours with no pay cut. Major analyses of jobs moving south...

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Economic Update: Economic Change: Why and How

On this week's Economic Update, Prof. Wolff provides updates on CEO pay, new book on inequality, US estate and inheritance taxes. Interview with...

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