Economic Update: Exposing Economic Myths

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[S10 E05]

This week on Economic Update, Professor Wolff discusses how the "unemployment rate" is inadequate measure of the U.S. economy’s well-being along with the decline of the “real” value of the minimum wage in the U.S., the multiple failures and flaws of markets and how corporations as less economically efficient than worker co-ops.

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Prof. Wolff's latest book "Understanding Socialism" is now available.  Click here to get your copy!

"Understanding Marxism" is also still available:


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Showing 1 comment

  • Balraj Cheema
    commented 2020-02-04 12:56:19 -0500
    The contribution being made by Richard Wolff in bringing sanity and civility to the chaos we are passing through the economic and political system shall for ever be remembered with satisfaction; the humanity shall remember that out there is someone who cares for us, thinks for us, spreads the noble word for us and represents us in the world lost in mess crated by the dominant economic system.
    Salute to Richard Wolff-when ever I hear him , I see a new light into the system and its corrupting influence on the generation growing up and the generations to come.
    Wish his word is heard and see by every sane and concerned citizen on the earth!
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