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AskProfWolff: How Rent Controls Can Solve Housing Shortages
A patron of Economic Update asks: "Today, my economics teacher was trying to argue that price controls (price ceilings and floors) on landlords somehow creates housing shortages because it widens demand to relatively lower income people. Do you believe his assertion is correct?"This is Profe...
Noam Chomsky on Prospects & Tasks as 2021 Begins
[S11 E02] NewThis week, Professor Wolff gives updates on President-elect Biden's economic advisor "team", how Argentina's women's movement leads the defeat of the government and Roman Catholic Church oppositions to win legalized abortion and now targets other basic social changes...
AskProfWolff: Yugoslavia's Experiment with Worker Co-ops
A patron of Economic Update asks: "Tito ruled Yugoslavia with an iron fist for nearly 40 years after WW2. He implemented 'self-management' Socialism and despite some initial success, by the late 80s the entire economy collapsed and soon after the country descended into a bloody civil war...
AskProfWolff: How Socialists Win in Rural and Farm Areas
A patron of Economic Update asks: "I am fascinated about socialist & marxist movements in rural areas, small towns and among farmers. This seems inconceivable in todays climate. Especially when these are normally people who are historically suspicious of government intervention. I am curious as ...
Externalities & Capitalism's Inefficiencies
[S11 E01] NewThis program introduces the economic concept of "externalities." Those are the real costs of employers' business decisions that employers do not pay for or take into account: costs "external" to businesses' profit/loss calculations. Examples include costly damage...
Recession: Capitalism not Covid
A Patron of Economic Update asks: "In much of your discussion you imply that the recession began before the coronavirus pandemic. You have talked about the US suffering from two crises, the recession, followed by the pandemic. The mainstream view is that the pandemic and the recession are linked...
AskProfWolff: Recession: Capitalism not Covid [AUDIO]
A Patron of Economic Update asks: "In much of your discussion you imply that the recession began before the coronavirus pandemic. You have talked about the US suffering from two crises, the recession, followed by the pandemic. The mainstream view is that the pandemic and the recession are linked...
Ask Prof Wolff: The Political Case for Boycotts
A patron of Economic Update asks: "I have been trying for many years and many times to get someone noteworthy to discuss the subject of boycotting. Why are there not "any" efforts to organize nationwide citizen boycotts of major corporations and other entities of power? It is like the wo...
Ask Prof Wolff: The Political Case for Boycotts [AUDIO]
A patron of Economic Update asks: "I have been trying for many years and many times to get someone noteworthy to discuss the subject of boycotting. Why are there not "any" efforts to organize nationwide citizen boycotts of major corporations and other entities of power? It is like the wo...
1 week hiatus for the holidays
Dear EU patronsProf Wolff and the d@w staff are taking some time off around this holiday season. This means that there will not be a new episode of Economic Update this week.It is with your support that this show is made possible and kept free to all. For this, we want to continue to express our gra...
Growing Independent Progressive Media
This week's show features updates on the continuing lessons from 2020 at the year's end: the economics of US policing and the 'defund' campaign, building a Cold War against China, and lessons from the 2020 election about political monopoly. In the second half, Professor Wolff intervi...
Ask Prof Wolff: Why Capitalist Inequality Matters
A patron of Economic Update asks: "My dad is very conservative and when I said that capitalism promotes too much inequality he responded 'I don’t care. Inequality doesn’t matter.' I’m wondering if you have a response besides the morality of inequality and a way to convince someone ...
Ask Prof Wolff: Why Capitalist Inequality Matters [AUDIO]
A patron of Economic Update asks: "My dad is very conservative and when I said that capitalism promotes too much inequality he responded 'I don’t care. Inequality doesn’t matter.' I’m wondering if you have a response besides the morality of inequality and a way to convince someone ...
Economic Update: Lessons From A Crisis Year 2020
This week's show features a survey of the major economic events of 2020 that were poorly covered by mainstream media: the twin crises of viral pandemic/capitalist crash; protesting right-wing regimes (France, US, India, Poland); how the US Census Survey reveals the extent of US suffering; how Fe...
Ask Prof Wolff: The Short, Strong Case for Worker Co-ops
A Patron of Economic Update asks: "I am interested in learning about worker co-ops and I want to know what are some of the problems that worker co-ops aim to fix and are there any ways that it can be more efficient or profitable than a capitalist owned business?" AskProfWolff is a @Democracy...
Economic Update: Working Class Power
[S10 E48] Working Class PowerOn this week's show, Prof. Wolff discusses Biden's 'new economic team,' big US banks falling short in key stress tests, India's 250-million-strong general strike, and lastly, huge chunk of US relief funds aimed at small and medium businesses grabbed i...
AskProfWolff: Populism as a Political Movement
AskProfWolff is a @Democracy At Work production. We are committed to providing these videos to you free of ads. Please consider supporting us on Patreon.com/economicupdate. Become a part of the growing Patreon community and gain access to exclusive patron-only content, along with the ability to ask ...
AskProfWolff: Capitalism's Crashes: An Analysis
AskProfWolff is a @Democracy At Work production. We are committed to providing these videos to you free of ads. Please consider supporting us on Patreon.com/economicupdate. Become a part of the growing Patreon community and gain access to exclusive patron-only content, along with the ability to ask ...
Social Movement Gains in L.A.
[S10 E47] New**Economic Update is a @Democracy At Workproduction. We make it a point to provide the show free of ads. Please consider supporting our work. Donate one time or become a monthly donor by visiting us at democracyatwork.info/donate or become a patron of Economic Update on Patreon: https:/...
AskProfWolff: Why Marx Differentiates "Productive" from "Unproductive Labor"
AskProfWolff is a @Democracy At Work production. We are committed to providing these videos to you free of ads. Please consider supporting us on Patreon.com/economicupdate. Become a part of the growing Patreon community and gain access to exclusive patron-only content, along with the ability to ask ...
AskProfWolff: Capitalism's "Economic Growth" Fetish
AskProfWolff is a @Democracy At Work production. We are committed to providing these videos to you free of ads. Please consider supporting us on Patreon.com/economicupdate. Become a part of the growing Patreon community and gain access to exclusive patron-only content, along with the ability to ask ...
Happy Thanksgiving!
**Economic Update is a @Democracy At Workproduction. We make it a point to provide the show free of ads. Please consider supporting our work. Donate one time or become a monthly donor by visiting us at democracyatwork.info/donate or become a patron of Economic Update on Patreon: https://www.patreon....
The "Great Debate" That Wasn't
[S10 E2] NewThroughout capitalism's history, the big topic in economics was how far government should intervene in the economy. Conservatives wanted minimum intervention while liberals and socialists wanted much more. In fact, government intervention mostly aimed at saving, protecting, supportin...
AskProfWolff: Why Unions & Workers Should Ally
A patron asks: "In light of the worker coops started by organized labor during the Seattle Strike of 1919, do you think labor unions today should use their union dues to create a worker-controlled economy that competes with global state capitalism rather than give it to the Democratic Party for ...
AskProfWolff: How Worker Co-ops Can Lead to Revolutionary Transformations
AskProfWolff is a Democracy At Work production. We are committed to providing these videos to you free of ads. Please consider supporting us on Patreon.com/economicupdate. Become a part of the growing Patreon community and gain access to exclusive patron-only content, along with the ability to ask P...
Sports and Capitalism
[S10 E27] NewOn this week's show, Prof. Wolff presents updates on false "trade-off" between illness and economy, going from normal to extraordinary injustice, hypocritical scapegoating of foreigners instead of facing domestic public health and economic failures, and lastly, the tragic ne...
AskProfWolff: Socialism in Venezuela
A patron asks: "I wonder if there is any good evidence that the stagnation of worker incomes starting in the 1970's was at least one of the causes of large banks looking for ways to make money via credit default swaps and many other very risky means. My perhaps far too simplistic idea is tha...
AskProfWolff: Stagnation of Wages & Banking Practice
To our wonderful patrons: your support also helps keep this content free to the public. Spreading Prof. Wolff's message is more important than ever. Help us make this possible.A patron asks: "I wonder if there is any good evidence that the stagnation of worker incomes starting in the 1970...
AskProfWolff: Community Building
Your support also helps keep this content free to the public. Spreading Prof. Wolff's message is more important than ever. Help us make this possible.A patron asks: "What is a good way to strengthen the community element when we are moving into different homes and jobs every few years? We kn...
Europe's New Internationalist Left
[S10 E26] NewOn this week's show, Prof. Wolff presents updates on "zombie" companies and their rapid growth in the US, The Federal Reserve "stress tests" expose risks, and weaknesses of major US banks. On the second half of the show, Prof. Wolff is joinedbyGreek economist, academ...
