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

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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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Monday, June 25, 2012
Yes, There Is an Alternative to Capitalism: Mondragon Shows the Way
There is no alternative ("Tina") to capitalism?
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Friday, February 10, 2012
This is No Bailout for Main Street America
Big announcements of breakthrough legislative deals during election campaigns should be taken with huge grains of salt. Generally more rhetoric than reality, they sometimes contain real concessions made by politicians seeking votes. So it is with Thursday's Washington announcement of $25bn to help homeowners .
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Tuesday, October 04, 2011
Occupy Wall Street Ends Capitalism's Alibi
Occupy Wall Street has already weathered the usual early storms. The kept media ignored the protest, but that failed to end it. The partisans of inequality mocked it, but that failed to end it. The police servants of the status quo over-reacted and that failed to end it – indeed, it fueled the fire. And millions looking on said, "Wow!" And now, ever more people are organizing local, parallel demonstrations – from Boston to San Francisco and many places between.
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Tuesday, September 20, 2011
The Truth about 'Class War' in America
Republicans and conservatives always fight back against proposals to raise taxes on corporations and rich individuals by making two basic claims. First, such proposals amount to un-American "class warfare" , pitting the working class against corporations and the rich.
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Monday, August 22, 2011
Austerity: Why Capitalism Is Choosing Plan B
Last week, Democratic governors in New York and Connecticut repeated the austerity politics of Greece's Prime Minister Pappandreou and Portugal's former Prime Minister Socrates. In doing so, they likewise imitated the austerity politics of their Republican and Democratic counterparts across virtually all 50 states.
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Sunday, August 07, 2011
The S&P Downgrade of US Debt: What it Means
Much verbiage is piling up on this issue. Yet, it matters little that the two other giant rating agencies did not downgrade US debt as S&P did. It is likewise unimportant that all those agencies deserve the bad reputations won when their over-rating of securities burst in the collapse of 2007 and took an already unbalanced economy into deep recession. Nor does the downgrade impose major cash costs anytime soon.
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Friday, July 29, 2011
Recovery for Wall Street and Wealthy, Austerity for Workers and Poor
The so-called economic "recovery" since mid-2009 was chiefly hype, a veneer of good news to disguise and minimise the awful underlying economic realities. The few (large corporations and the rich) who bear much of the responsibility for the crisis made sure that the government they finance used massive amounts of public money to support a recovery for them . The mass of the population was excluded from the government-financed recovery for the few.
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Tuesday, May 10, 2011
The Great Corporate Tax Swindle
More and more, we hear that nothing can be done to tax major corporations because of the threat of how they would respond. Likewise, we cannot stop their price-gouging or even the government subsidies and tax loopholes they enjoy.
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Monday, March 14, 2011
What's Left of the American Left?
"In contradiction" best describes the American left today. On the one hand, it is fragmented and dispirited, feeling itself distant from the tumble of daily US politics and acutely disgusted by its many-layered corruptions. It hardly knows itself as a part of society, so deep runs its alienation.
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