The Austerity Economy: Public & Private

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In addition to shorter updates on major economic events in the news over the last month, major attention will be devoted to the following:

  • The federal government’s austerity policy, compromises with the Republicans over social security, medicare, Obamacare, etc.
  • The state and local governments’ austerity policies (summary of a major new report on state and local cutbacks)
  • How and why changes in federal, state and local taxes could remove the need for austerity and achieve tax justice.

Richard D. Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst where he taught economics from 1973 to 2008. He is currently a Visiting Professor in the Graduate Program in International Affairs of the New School University, New York City. His work is available at and

Rick Wolff
November 12, 2013
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