December 8, 2013
Updates on Detroit's and Illinois's attacks on public employee pensions, minimum wages, tiny middle east oil countries take over global air travel, job openings vs unemployed, and companies' profit-driven hustles of dangerous flame-retardant chemicals. Major discussions of (1) redistribution policies versus not distributing unequally in the first place and (2) capitalism's uneven development. Response to emails on free trade's consequences, robotics/less labor versus doing labor differently, and government repression against opponents of austerity policies. More
December 1, 2013
Updates on seriously wrong solutions for real economic problems (in Hawaii and at Walmart), 10 big companies paying the lowest wages, Pope's assistant with strong critique of capitalism, correction on Swedish economics prize. Major discussion on the economics of organized religion and separating the issue of full employment from respecting the environment. Response to listeners on Philippine typhoon and critique of seeing "capitalism" as root of all evil. More
November 24, 2013
Updates on key economic causes of Obamacare difficulties, risks of global deflation, Madrid's garbage strike, and the $13 billion settlement with JP Morgan Chase. Interview with Prof Sheila D. Collins on new book about lessons from the New Deal for today's crisis. Response to listeners on super PACs and issues of socialism.
November 17, 2013
Updates on Janet Yellen, minimum wages, Twitter, and Cuba trade embargo.
Major discussions of a bankruptcy inside Mondragon and "private" universities that aren't. Response to questions on full employment and inflation. More
November 10, 2013
Updates on big bank's manipulation of foreign exchange market, Ireland pays for bank bailouts, big pharma guilty of "recklessly endangering health, new book on US poverty. Major discussions of economics education as Manchester University students protest, unemployment and falling share of labor in total national income. Response to frustrated listener's question about obstacles to needed change with focus on DiBlasio mayoral victory in New York and Richmond, CA mayor's use of eminent domain. More
November 3, 2013
Updates on Goldman Sachs charity/PR, bank scandals, housing “recovery” exposed, suicides rise in Kansas, and Benedictine Nun leads new anti-austerity party in Catalonia. Major discussions of public banking (as in North Dakota) and the basic analysis of continuing “austerity” policies around the world. Response to questions on nature, impact, and injustice of US property taxes. More
October 27, 2013
Updates on big banks' misdeeds, inadequate health care, the social costs of low wages, and Nobel prizes in economics. Major discussions about poverty and education and important economic events on Bolivia (workers taking over enterprises), Spain (indignados form new political Party X), and China (raising value of yuan to change China's and world's economy). Response to questions on (1) how Great Recession affects retirees and retirement, and (2) latest data on the highest incomes in US. More
October 20, 2013
Updates on France's case against Amazon, and on what's really in fast food chicken nuggets. Major discussions on lasting inequality in US cities like New Haven and the economics of the "medical-industrial complex" in the US. Response to listeners concerning the economic aspects of the attack against the City College of San Francisco. More
October 13, 2013
Updates on world wealth distribution, Swiss referenda to reduce economic inequality, and capitalism vs democracy. Major discussions on uneven development's impact on migration and on critique of national debt as matter of "a selfish generation" or "living beyond our means." More
October 6, 2013
Updates on meaning of government shutdown and possible default, new French law gives workers say on selling companies, biggest billionaire US land-owners, grocery store evidence show no "recovery" in US economy. Major discussions on costs and consequences of profit-driven capitalist enterprises versus workers self-directed enterprises. Response to questions on (1) Germany's Sept 22 elections and (2) whether Obamacare, if passed, would at least guarantee health insurance to America's poorest. More
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