On Economic Update Professor Richard Wolff and guests discuss the current state of the economy, both locally and globally in relation to the economic crisis.We will focus on wages, jobs, taxes, and debts - and on interest rates, prices, and profits. This week's show provides updates on the end of weak "recovery", Europe vs US austerity and explores criticism of the privatization debate. Professor Wolff interviews Tess Fraad-Wolff, MSW, about the economics of pornography. The questions section of the show looks at if the rich have the wealth to pay for mass social welfare and if public, democratically allocated funds can finance innovation.
Economic Update: The Economics of PornographySunday, 24 June 2012 13:41 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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