Know Your Stuff: Richard Wolff on Economic & Business Schools

Richard Wolff

Know Your Stuff: Richard Wolff on Economic & Business Schools 


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In this video we talk to Professor of Economics Emeritus (University of Massachusetts), Marxist economist and founder of Democracy at WorkRichard Wolff, about the state of economic and business education in universities today.


VIDEO: Richard D. Wolff on Economic & Business Schools


To view our educational playlist with Richard D. Wolff, click here.


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ABOUT RICHARD WOLFF

Richard D. Wolff
Richard D. Wolff

Richard D. Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst. He is currently a Visiting Professor in the Graduate Program in International Affairs of the New School University in New York. Wolff has also taught economics at Yale University, City University of New York, and the University of Paris I (Sorbonne). He is a co-founder and contributor of Democracy at Work, a non-profit organization that promotes democratic workplaces as a key part of a transition to a better economic system. Wolff has published many books and articles, both scholarly and popular. Most recently, in 2012, he published the books Democracy at Work: A Cure for Capitalism (Haymarket Books) and Contending Economic Theories: Neoclassical, Keynesian, and Marxian, with Stephen Resnick (Cambridge, MA, and London: MIT University Press). The New York Times Magazine has named him “America’s most prominent Marxist economist.


 
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  1. Interesting. The inanity of „economics“ is also revealed when „economists“ express bafflement over the fact that, while improvements in productivity used to create wage increases, they no longer do.

    Any businessman can tell you that it is because improvements in productivity never caused wage increases in the first place.

    It was collective bargaining which caused the increase in wages. Methods which created productivity improvements were used as a bargaining chip in collective bargaining as trade offs for higher wages. When the labor unions were destroyed, businesses were able to implement those methods and improve productivity without having to offset them with higher wages, because workers had lost the power to force the the trade off.

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