Richard Wolff

Richard Wolff

Richard D. Wolff is professor of economics emeritus at the University of Massachusetts, Amherst, where he taught economics from 1973 to 2008. He is currently a visiting professor in the graduate program in international affairs of the New School University, New York City. Richard also teaches classes regularly at the Brecht Forum in Manhattan. His books include: Capitalism's Crisis Deepens: Essays on the Global Economic Meltdown(2016); Democracy at Work: A Cure for Capitalism (2012); Occupy the Economy: Challenging Capitalism(2012); Contending Economic Theories: Neoclassical, Keynesian, and Marxian (2012); and Capitalism Hits the Fan: The Global Economic Meltdown and What to Do About It (2009). A full archive of Richard's work, including videos and podcasts, can be found on his site. Follow him on Twitter: @profwolff

Articles by this author

The second reason for Trump’s tariff war on China is that it serves a useful political purpose for Trump/GOP posturing. (Photo: Thomas Peter-Pool/Getty Images) Views
Wednesday, September 19, 2018
“Stealing Intellectual Property” is Fake News
Trump uses the fake news of “intellectual property theft” to justify his tariff war on China. He boasts that he is going to stop the Chinese stealing that victimizes Americans. In yet another way, he will be the savior of Americans’ economic future, a savior who needs/deserves their votes and...
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Sunday, August 19, 2018
How US Politics Sustains US Capitalism
Until their contradictions explode coexisting economic and political systems sustain one another. “Normal” politics includes precisely the process of working out social conflicts such that the economic system is sustained. Whatever its form, the state’s tasks include that sustenance. When politics...
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Wednesday, July 18, 2018
The Capitalism/Racism Partnership
In the wake of W.E.B. DuBois ’s 150th birthday, his works offer a lens through which to assess US capitalism’s relationship to racism today. He famously wrote: “Capitalism cannot reform itself; it is doomed to self-destruction,” while adding that in the US, race would be a key issue in that process...
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Wednesday, July 16, 2014
Capitalism's Deeper Problem
Recent press reports refer to troubling price increases for such assets as real estate, government bonds, companies targeted for acquisition and artwork. A New York Times front-page headline read “ The Everything Boom, or Maybe the Everything Bubble .” Western Europe, North America and Japan are...
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Monday, November 04, 2013
The Great Austerity Shell Game: Here's How the Capitalist Scam Works
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Friday, September 27, 2013
Recovery Hype: American Capitalism's Weapon of Mass Distraction
From President Obama on down, defenders of the status quo insist that the US economy has "recovered" or " is recovering ". Some actually see the world that way. They inhabit, imagine they inhabit, or plan to soon inhabit the world of the infamous top 1%. Others simply seek security in life by...
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Monday, September 02, 2013
Organized Labor's Decline in the US is Well-Known. But What Drove it?
Organized labor's decline in the US over the past half century is well-known; what drove that decline, less so. The New Deal 's enemies – big business, Republicans, conservatives – had developed a coordinated strategy by the late 1940s. They would break up the coalition of organized labor, socialist and communist parties: the mass base that had forced through the 1930s New Deal.
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Tuesday, July 23, 2013
Detroit's Decline Is a Distinctively Capitalist Failure
Capitalism as a system ought to be judged by its failures as well as its successes.
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Tuesday, July 09, 2013
How Capitalism's Great Relocation Pauperized America's 'Middle Class'
Detroit's struggle with bankruptcy might find some relief, or at least distraction, by presenting its desperate economic and social conditions as a tourist attraction. "Visit Detroit," today's advertisement might begin, "see your region's future here and now: the streets, neighborhoods, abandoned buildings, and the desolation. Scary, yes, but more gripping than any imaginary ghost story."
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Tuesday, October 02, 2012
Big Finance's Pathology Compels the Logic of Socialized Banking
A long string of socially costly misdeeds by major private US banks have been exposed since the current crisis hit in 2007.
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