Economics Professor Richard D. Wolff and guests discuss the current state of the economy, both locally and globally in relation to the economic crisis. This week's show provides updates on New York Mayor Bloomberg's veto of a bill raising minimum wage, the economics of single-payer medical insurance, and major insurance companies' withholding of death benefit payments. Major part of the program is devoted to responding to listeners' questions and comments on (1) property tax exemptions for rich universities, (2) how to get economic system change, (3) causes of rise of financialization in modern capitalism, and (4) how economic conditions shape people's political activity.
Economic Update: How Economic Conditions Shape People's Political ActivityMonday, 21 May 2012 13:44 By Richard D Wolff, Economic Update / Truthout | Radio Segment
Richard D. Wolff is Professor of Economics Emeritus, 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. He also teaches classes regularly at the Brecht Forum in Manhattan. Earlier he taught economics at Yale University (1967-1969) and at the City College of the City University of New York (1969-1973). In 1994, he was a Visiting Professor of Economics at the University of Paris (France), I (Sorbonne). His work is available at rdwolff.com and at democracyatwork.info.
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