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. This week's updates include a discussion of the "university is not a business," the current attacks on the public workforce, and the bankruptcy of Stockton, CA. The major discussion focuses on learning from history of capitalism's instability and crises. Questions answered focus on the banks, the Federal Reserve and the philosophy of labor.
Economic Update: "Lessons from Economic History"Tuesday, 03 July 2012 13:46 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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