August 17, 2014
Updates on drop in most American households' wealth, 2003-2013, social security finances more about wages than aging. Major discussions on (1) critical economics of markets, (2) political economy of immigration, and (3) capitalism's two great contradictions. Response to listeners on worker coop incubators and fund-raising by the Clintons. More
August 10, 2014
Updates on Pentagon's overpayments, mortgages tilt toward the rich, sub-prime car loan bubble, silence about intangible property tax. Major discussions: the economic organizations of Republican and Democratic Parties and more on socialism and Marx. Response to listeners on (1) clawing back public benefits to private corporations, and (2) using public assets to cover state budget deficits. More
August 3, 2014
Updates on fast food workers, GDP data, Salt Lake City dailies, bathroom breaks. Interview with Dr Harriet Fraad, mental health counsellor. Replies on FDR vs Obama and on how to counter corporate threats. More
July 26, 2014
Updates on my Bill Maher appearance, the Arizona execution, direct actions in Seattle and in New England (market basket stores), Derek Jeter tickets, and Chinese meat scandal. Major discussions of Obama's low polls, the changing meaning of socialism, and differences between private profit and social well-being. Response to listeners on auto and beef industries, credit unions, and bullies. More
July 19, 2014
Updates on big bank fines, Tracy Morgan sues Walmart, highway trust and taxes, extreme wealth inequality in the Hamptons. Major discussions of workers self-directed enterprises and Oxfam's data on extreme global wealth inequality. Response to listeners on relation of wages to prices and on economic "value" of solar, wind and green energy vs coal, oil, gas and nuclear. More
July 13, 2014
Updates on minimum wages in Europe vs US, richest US families, and economics of immigration. Interview with Tom Sgouros on broken banking system. Response to listeners on overpaid CEOs. More
July 6, 2014
Updates on vaccine price gouging, Canadian corporate misdeeds, Mass nurses fight inequality, Denmark's greater equality, Argentina as hedge fund hostage, and Gov Christie bombs again. Major issues: GM scandals, US household wealth keeps declining, and US corps evade taxes. Responses to listeners on Chinese food imports and Supreme Court decisions. More
June 29, 2014
Updates on health economics, Mississippi political lessons, and whats wrong with a Harvard economist. Interview with Victor Wallis, on economics and politics of US prisons. Response to questions about: gender wage gap, real estate bubbles, and the "ultra richer" except in Latin America. More
June 22, 2014
Updates on rising rates of young men earning below-poverty wages, Detroit's retired city workers accept 4.5% cut in pensions, Missouri government struggles over tax cuts for special interests. Major discussions of (a) new book on China-US codependency and (b) how/why our economic system works and breaks down. Response to listener's question on corporate taxes. More
June 15, 2014
Updates on RI Senate rewards firms limiting inequality, recession-driven increases in suicide rates, opposition to Dodd-Frank, negative effects of lower federal deficits, human costs of Detroit-type decline. Major discussions of economics of advertising and privatization. Response to questions on British real estate bubble and on worker cooperatives deciding on uses for their surpluses/profits.
About Ecomomic Update
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.
Wolff focuses 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. Economic Update is a weekly show for people who want to understand and change not only their own financial situation but also the larger economy we all depend on.
Economic Update is in partnership with Truthout.org