Author, Economist Richard Wolff to Discuss Democracy and the Economy

Mar. 5, 2014

Author, Economist Richard Wolff to Discuss Democracy and the Economy

ST. LOUIS (March 5, 2014) - Economist Richard D. Wolff will offer a critique of the United States’ economic system in a lecture titled “Can Democracy Cure Capitalism?” at 6 p.m. April 8 in the Winifred Moore Auditorium at Webster University’s home campus. The lecture is part of Webster University’s Global Leader in Residence program, and is co-sponsored by Missouri Jobs With Justice. The event is free and open to the public. A book signing will be held after the event.

The Global Leaders in Residence program brings in experts from various fields to lead class discussions related to their research interest, meet with faculty and students, and deliver one public lecture. Wolff appears as the 2014 Global Leader in Residence for the College of Arts & Sciences.

“Dr. Wolff’s work is well respected in the field of economics, and he came highly recommended by numerous faculty members in several departments,” said David Carl Wilson, dean of the College of Arts & Sciences. “He is highly entertaining as a speaker and often raises interesting points and questions that are normally not broached when discussing U.S. economics.”

Wolff, a professor who holds multiple degrees from Harvard, Stanford and Yale in economics and history, has authored 14 books that interpret various economic conditions and historical events. He was once named “America’s most prominent Marxist economist” by New York Times Magazine and is frequently quoted in print and broadcast news media. He also hosts an hour-long weekly radio show on WBAI FM 99.5 in New York. He is a professor emeritus of economics at University of Massachusetts Amherst and currently is a professor at the New School University in New York City.

His latest book is “Democracy at Work: A Cure for Capitalism,” which reviews the recent economic collapse and the political environment that spurred the financial crisis, and then offers alternatives that he believes will prevent such disasters in the near future. Other recent books include “Occupy the Economy: Challenging Capitalism” and “Capitalism Hits the Fan: The Global Economic Meltdown and What to Do About It.”

“A globally diverse and inclusive academic community welcomes a variety of perspectives and viewpoints,” said Elizabeth “Beth” Stroble, president of Webster University. “Webster University is proud to host speakers, events, films and performances that enlarge our experience of the world.”

“The preponderance of the neoclassical paradigm crowded out alternative approaches to basic economic questions in the course of the past several decades.  This widely accepted methodological singularity deprived students and general audiences of the beauty of economic and academic pluralism,” said Julian Schuster the provost, senior vice president and chief operating officer for Webster. “Richard Wolff’s work provides a particular alternative to mainstream economics and invites a lively academic discourse.”

In addition to his keynote address, Wolff will give a second talk on campus open to students, faculty and staff, which will be live streamed to Webster students at other St. Louis area and international campuses. In addition, he will guest teach a class at Webster and host several meetings with students, faculty and administrators. He is expected to be on campus for three days.

Previous Global Leaders in Residence include World Wide Fund for Nature President Yolanda Kakabadse, filmmaker Steve James, author and educator Jonathan Kozol, and Doris Duke Charitable Foundation Program for the Arts Director Ben Cameron.

With its home campus in St. Louis, Webster University is the only Tier 1, private, non-profit U.S.-based university providing a network of international residential campuses and a robust online learning program. Founded in 1915, Webster University’s campus network today includes metropolitan, military and corporate locations around the world, as well as traditional campuses in Asia, Europe, North America and Africa. The university is committed to delivering high-quality learning experiences that transform students for global citizenship and individual excellence.

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