Economic Update – July 14, 2026

Economic Update

Economics Professor Richard D. Wolff and guests discuss the current state of the economy, locally and globally. The program explores alternative ways to organize, markets, and government policies.

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Economic Update

Marx’s Key Insight: Capitalism’s Surplus

The central concept of Marx’s contribution to a critical understanding of the capitalist economic system – the entry point into his distinctive analysis – is “the surplus.” Today’s show is devoted to making clear (1) what the surplus is, (2) how and why the surplus is central to understanding capitalism’s key features, and (3) how … Continued


Economic Update

Supermarket Jobs, Super Exploitation

This week on Economic Update, Professor delivers updates on the so-called Social Security Crisis, the gross inequality of stock ownership in the U.S. today, the exploited and underpaid non-tenure track faculty (“adjuncts,” etc.) who are joining unions, especially the UAW, which won a union election on June 3 at the University of Southern California, which … Continued


Economic Update

Economic Update – Center for Popular Economics: Goals and Achievements

On this weeks episode of Economic Update, Professor delivers updates on why and how worker co-ops are a strategic direction for socialism, and Europe’s deindustrialization. The second half features an interview with Anne McGrew and Will Chaney about the Center for Popular Economics and its work since 1978, teaching economics in ways that neither college … Continued


Economic Update

The Economics of Unemployment Today

This week on Economic Update, Professor Wolff briefly discusses two current large strikes by workers fighting back: the British Columbia nurses in Canada and the commuter rail workers in New York (LIRR). The rest of today’s episode is an analysis of the 7.4 million Americans who are unemployed today, the causes and effects of that … Continued