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Economic UpdateLUMPENPROLETARIAT—Free speech radio KPFA held a Fundraising Event this evening.  Heterodox economist Dr. Richard Wolff was hosted by, Lumpenproletariat friend, Sabrina Jacobs.  Apart from his weekly radio broadcasts on the economic dimensions of life under the capitalist mode of production, Dr. Wolff is a frequent lecturer in the San Francisco Bay Area and around the nation.  Brown Paper Tickets shows this evening’s event labelled as:  Richard Wolff: A Wry Evening With the Great Economist. [1]



BROWN PAPER TICKETS—[10 FEB 2016]  Richard Wolff, an American Marxist economist, well known for his work in economic methodology and class analysis, has rapidly become famous as well for his Pacifica Network Radio program, Economic Update, heard weekly in New York and the S.F. Bay Area.  This
has led to his frequent public lectures drawing sold-out audiences coast to coast.

The U.S. is sinking ever deeper into hard times for the vast majority of its population.  More economic downturns are coming. Capitalism’s instability, inequalities, and failures to meet our needs are provoking rising opposition.  Considering the increasing problems of drought, poverty, debts, job conditions, and a worsening environment, the American dream is now entirely out of reach.  Our political leaders are controlled by corporate giants and lobbies that defy anything like democracy.  The time is now for real and substantial change.  Richard Wolff has positive suggestions.

Professor of Economics Emeritus at the University of Massachusetts, Wolff is currently a Visiting Professor in the Graduate Program in International Affairs at the New School in New York City.  He also teaches classes regularly at the Brecht Forum in Manhattan.  Earlier he taught economics at Yale University, at CCNY, and at the University of Paris in France.

In 1988, Wolff co-founded the journal Rethinking Marxism.  Later, he published Capitalism Hits the Fan: The Global Economic Meltdown and What To Do About It.  This was followed by Occupy the Economy: Challenging Capitalism (with David Barsamian), Contending Economic Theories: Neoclassical, Keynesian and Marxian (with Stephen Resnick), and Democracy at  Work.  He is featured regularly in television, print, and internet media.  The New York Times Magazine has named him “America’s most prominent Marxist economist.”

Sabrina Jacobs is the volunteer host and producer of A Rude Awakening, a cultural and political affairs show aired on KPFA.  Prior to her own show, she got her start as an intern six years ago and moved on to news reporting.



BROWN PAPER TICKETS—[15 JAN 2016] Radical economist Richard Wolff recently exploded into the forefront of progressive thinking in the United States with his brilliantly insightful book Capitalism Hits the Fan, which chronicled Wolff’s growing alarm and insights as he watched the economic crisis build, burst, and dominate world events.  His analysis differs sharply from explanations offered by politicians, media commentators, and other academics. While he retains many Marxist contentions, Wolff rejects the economic determinism typical of most schools of economics.

“Richard Wolff is the leading social economist in the country. This book is required reading for anyone concerned about a fundamental transformation of the ailing capitalist economy.”  Cornel West

Professor of Economics Emeritus from the University of Massachusetts, Amherst, Wolff is currently a Visiting Professor in the Graduate Program in International Affairs at the New School University in New York. In recent years while delivering public lectures at many colleges and universities, as well as to community and trade union meetings, he has built a reputation for blunt speaking, clarity, refreshing scorn, and an enjoyable wit.

Wolff is the author of many books, including Democracy at Work: A Cure for Capitalism, Occupy the Economy: Challenging Capitalism, and Capitalism Hits the Fan: The Global Economic Meltdown and What to Do About It. He hosts the weekly hour-long radio program Economic Update on WBAI (Pacifica Radio) and writes regularly for The Guardian, Truthout.org, and the MRZine.

“Bold, thoughtful, transformative – a powerful and challenging vision that takes us beyond both corporate capitalism and state socialism. Richard Wolff at his best!”
Gar Alperovitz, author of America Beyond Capitalism

Mitch Jeserich is the host of Pacifica Radio’s “Letters & Politics”  – a look at burning political issues and debates and their historical context. It is broadcast Monday through Thursday on 94.1 FM.



[1]  Sabrina Jacobs hosts Rude Awakening on free speech radio KPFA.

This event was likely, hopefully, audio and/or video recorded.  We will aggregate further information from, and about, this event, as it becomes available, as time constraints allow.