Capitalism and Democracy at Work

Richard D. Wolff, Ph.D., Professor of Economics Emeritus University of Massachusetts, Amherst

Thursday, September 12, at 11:30 a.m. Mayser Gymnasium

Capitalism's global crisis, begun in 2007, is now in its 6th year. No end is in sight. In the US, millions are unemployed and/or foreclosed out of homes. Tens of millions more suffer falling wages, job benefits, and job security. A generation of students accumulates mounting debts while job prospects shrink. For all but a few, capitalism no longer "delivers the goods," but rather ever more "bads." Economics Professor Wolff explains why this crisis happened, why government policies fail to exit the crisis, and what needs to be done.

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. Educated at Harvard (BA), Stanford (MA) and Yale (PhD), Wolff previously taught economics at Yale, the City University of New York, and the University of Paris I (Sorbonne). Most recently he published three books in 2012: (1) Occupy the Economy: Challenging Capitalism with David Barsamian (San Francisco: City Lights Books); (2) Contending Economic Theories: Neoclassical, Keynesian and Marxian with Stephen Resnick (Cambridge, MA and London: MIT University Press); and Democracy at Work: A Cure for Capitalism (New York: Haymarket Press). Wolff hosts a weekly radio program, Economic Update broadcast on 16 stations across the US. His work can be accessed at www.rdwolff.com.

There will be books for sale and signing at the end of Common Hour

Co-sponsored by: Department of Economics, Public Affairs Lecture Fund, Local Economy Center, Center for the Liberal Arts and Society

This event is open to the public.

Free; no tickets required.

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