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Richard D. Wolff Biography

Richard D. Wolff

Richard David Wolff (born April 1, 1942) is an American Marxian economist, well known for his work on Marxian economics, economic methodology, and class analysis. He is Professor of Economics Emeritus, University of Massachusetts, Amherst, and 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, University of Utah, University of Paris I (Sorbonne), and The Brecht Forum in New York City.

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Richard D. Wolff Quotes

Moving to a cooperatively organized enterprise is one of the best ways to really do something about unequal distribution of wealth.

Distribution, Distribution Of Wealth, Moving, Way, Ways

To cut 1930s jobless, FDR taxed corps and rich. Govt used money to hire many millions. Worked then; would now again. Why no debate on that?

Cut, Cutting, Debate, Fdr, Rich

A cooperative enterprise is the key alternative to a traditional capitalist enterprise. All the workers, whatever they do inside an enterprise, have to be able to participate in collectively arriving at the decisions about what, how, where to produce, and what to do with the profits in a democratic way. One person, one vote should decide how these things are done.

Able, Decide, Decision, Enterprise, Keys, Way

In America, we debate everything except capitalism. If there's an institution in your society that's above criticism, you're giving it a free pass to indulge all of its weaknesses and darker tendencies.

America, Criticism, Dark, Giving, Society, Weaknesses

The more successful capitalists are in cutting their wage costs, the less money workers will have to buy back what those same capitalists produce. It's a contradiction.

Back, Contradiction, Cost, Cutting, Money, Successful

Nothing would more quickly and definitively reduce U. S. income inequality than allowing every worker in all businesses to participate in deciding the range of incomes from one worker to another. They would never do what is now a matter of normality: give one person millions, in some cases billions, while others have barely enough to make a living.

Giving, Income, Incomes, Matter, Participate, Quickly

The capitalist workplace is one of the most profoundly undemocratic institutions on the face of the Earth. Workers have no say over decisions affecting them. If workers sat on the board of directors of democratically operated self-managed enterprises, they wouldn't vote for the wildly unequal distribution of profits to benefit a few and for cutbacks for the many.

Benefit, Decision, Democratically, Self, Vote, Voting

The word "collective" is not so often used because it has been basically used by socialists and communists and has a different history. The word "cooperative" means the workplace itself is organized cooperatively, rather than in the conventional capitalistic, hierarchical form.

Communists, Different, Mean, Word, Workplace

If you lived with a roommate as unstable as this economic system, you would’ve moved out or demanded that your roommate get professional help.

Economic, Erratic, Fickle, Funny, Lived, Professional

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