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Economic Update: "False Choices and Bad Decisions"

Sunday, 22 July 2012 14:50 By Richard D Wolff, Economic Update / Truthout | Audio Segment
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Updates on Chinese economy's response to global crisis, $6.6 billion legal deal among banks, credit card companies and retailers, and food stamp cuts threatened. Analysis of closing of US university presses, Texas Gov Perry refusal of Medicaid expansion. Responses on municipal pension issues and changes needed in giant banks.

On Economic Update with Professor Richard Wolff, Wolff and guests will discuss the current state of the economy, both locally and globally in relation to the economic crisis.

Wolff will focus on wages, jobs, taxes, and debts - and on interest rates, prices, and profits. We aim to explain why certain economic changes are happening and other changes get postponed or blocked and we will explore alternative ways to organize enterprises, markets, and government policies. Economic Update is a weekly show for people who want to understand and change not only their own financial situation but also the larger economy we all depend on.

To listen in live on Saturdays at noon, visit WBAI's Live Stream

Economic Update is in partnership with Truthout.org

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Richard D Wolff

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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