Love Professor Wolfe. One of my absolute favorite people to listen to. Thank you for having him on, and looking forward to next talk. I learn so much. He is so entertaining as well :)
Every interview with Richard Wolff is documentary worthy. MAGA species without high school diploma and GED's will be forced fed with this gems. Thank you Mr Wolff big props to you 👏
Kamala's not a Marxist but isn't she a naked Imperialist?...and isn't that more unflattering....and isn't Trump similar? I couldn't watch because I get nervous when so many lies have to be kept straight by both parties. It's very distressing.
"Kamala's government will decide who gets how much so we all end up in the same place. This is not just insane. I could forgive that. It's vicious. People are calling her Commie Kamala and quoting Marx. From each according to his ability, to each according to his need. But this is worse. Under communism, the proletariat - the workers - were the real creators of value, and the capitalists were parasites, so workers would get the compensation they deserve for their hard work. Kamala's idea is pure racial plundering. Non-whites - especially blacks - get handouts, not because they're productive, but strictly because of who they are. In practice, it would mean that the government pillages the most productive races to the benefit of the least productive." - Jared Taylor.
@@markamberg8362 a neo-conservative communist, so worse. As in an actual Communist would be like Democrat lite. Because usually they're honest and if not honest they'll tell you they're lying. Oh wait maybe that's just Russians.
The Prof cogently points out that the logic of "free market " self correction breaks down when employer class refuses to permit the correction mechanism it tacitly agrees with to work whenever it doesn't directly benefit it-When that happens,it shifts into propaganda mode.We see them refer to price adjustments with Soviet style price setting-and Vice President Harris as a "Marxist".Thanks.
@@pecan11 How would you know? The books he has written are a waste of time and money...and like his "videos" they do not concern actual understanding of the subject, but simply reflect his understanding of the subject. As a result, he is unqualified.
Месяц назад
A Marxist economist .. that's someone with a very poor understanding of their subject. Marx once wrote and look how his predictions turned out... just justifying the totalitarianism he said was necessary even.
Tariffs sound really good to a factory worker who's job got transferred to Mexico, when the owner is making millions from the move. When it's against a Chinese company making cars more expensive for Americans, it feels similar to those workers, even when it hurts them.
Manufacturing jobs ALWAYS go to the countries with the lowest wages and fewer regulations. Only poorly educated people don't realize. And Republicans are poorly educated. LOL Tariffs are always bad because the US will get retaliated cause the Chinese economy is now bigger than that of the US in terms of GDP (PPP) and China now buys more Brazilian produce than American produce through BRICS.
why do doctors have a union why do pilots have a union why do teachers have a union why do cops have a union why do CPAs have a union they erect a barrier to entry. and their jobs can't be exported and ... they also rake it in meanwhile the average worker has to fend off wage competition from visas workers and their jobs are offshored. so protection for some classes is ok but not others?
@@rohitnijhawan5281 It is called collective bargaining. Teachers have unions because otherwise individual teachers will never be able to negotiate with public or privates schools which are financially much more powerful. Cops should not have a union though because they are generally well paid and they are protected by immunity. Our military officers are not protected by unions, so shouldn't police officers. Medical doctors can choose private practice and not joining any hospitals. The problem of the medical industry is not doctors or doctor unions, but AMA which is a monopoly controlling medical schools, hospitals, and anything that is related medicine.
Only in a country like USA a presidential candidate can call another candidate something which is so far from the truth/facts and there are people believing in it？ Marx will turn around in the coffin. Pure stupidity 😂😂😂😂😂
@@j85grim4 Given the evidence, Wolff has yet to learn what Marxism is, either. As he explains: it is a criticism of capitalism. That would require an understanding of what "capitalism" is...and he still has no understanding of what that is.
Месяц назад
Weird after many hours of study... her words echo a lot of Marx through Marcuse...
Месяц назад
@jgalt308 Exactly. He's got an agenda but she's definitely spinning around Hegel->Marx style bs.
Sadly, Wolff can not present any consistent evidence to support that claim, as the conditions have been radically altered from those when those "laws" were enacted and the present.
A good friend of mine is trying to start a coffee stand in a small town on the coast of Oregon. The local government wants to charge him $20,000 for a water permit. Who’s price gouging?
That definitely sounds like a cash grab, without knowing the background details or the legislation. However, an arm of government extorting money out of a citizen does not preclude Capitalist firms price gouging. One does not necessarily exclude the other. Let's recall that it being a Capitalist economy, all sections of the economy / state will act in a capitalist manner.
I always learn something I didn"t know by listening to Professor Wolff. He is a walking dictionary of Economics. I am sure his students second my assessment.
A dictionary actually provides definitions so that you UNDERSTAND what the words mean. Wolff's victim rhetoric relies on the fact that you have no clue what the words mean. But you certainly learn things from Wolff, and eventually, with a little luck, you will learn they are NOT TRUE!
Don't just listen. Do some fact checking, but you must be a devoted Democrat, so fact checking on left leaning speakers is not necessary. But you should fact check his claims. It's easy just google it. I did. BYD is not cheaper than Teslas, their about the same. Tesla Model Y is actually the best selling in Europe (4/22/24 EV Volumes report). About Biden increasing tariff on china, yes there's a WH fact sheet dated 5/14/24 noting that biden is increasing tariffs on China. But really, May2024. Why he did that so late, for the gullible votes, and Trump was already campaigning that. Same with Kamala and her no tax on tips. Trump also was campaigning on that. Don't just take it, check their claims both dems and Republicans claim.
Ethiopian Americans should and must vote for Jill Stein. We Ethiopians should remember what the Biden government did in our homeland,in the last 3 years. Because of the Biden’s government interference in the internal affairs of Ethiopia, about a million people have died.
@@berihunassfaw7472 you could at least have blamed the Italians for the fucked up state of your country instead of America. Y’all need to figure your own problems out instead of trying to blame America because American-Ethiopian relations have never been a foreign policy priority in recent American history.
@CarlosPena-pf5zi Ok good job. Hopefully your vote isn’t caste in a swing state. If the republicans win the electoral college again ____ might just finally hit the fan. Imperialism or not.
@@brittajacobson2523 Both parties plan on continuing to fund genocide. The moral thing to do is vote for the candidate who got knocked down by police as she was protesting the massacre in Palestine.
You know, Dr Friedman had it exactly right about "prices" and the importance of their disclosure.. Because if people understood the insidious impact of INFLATION on their own finances, they'd make our Congress END IT TOMORROW!
Actually "the people" in their ignorance, ended up voting for it, and now that they have become dependent on it, while having lost the industrial production required to support it, they are begging for MORE OF IT!!!
Professor, This question is for you and like thinkers like the other Professor: Varoufakis , the former finance Minister of Greece and many others who speak/claim to speak for a more fair, equitable , democratic economic, and social?system for the majority . As a practical example you point to 'worker cooperatives' I remember in Spain and Italy. For clarity I am not against fairer economic systems. What perturbs me is: why don't you and like thinkers, organise and create worker cooperatives/fairer economic systems, make them the envy of those outside and thus collapse the evil of capitalism. Looking forward to seedlings and hopefully soon, fruits of the the fairer socioe-conomic model. Ordinary folk. No Professor.
don't be so stupid. life and economics is determined by individual self interest. its always been true, it will always be true. Capitalism acknowledges that fact. Communism denies or tries to reverse that fact. Thus it fails. Every time. Every Time.
Why did professor Wolff not mention the benefit of tariffs on Electric vehicles to American car companies building electric vehicles in the form of increased market and jobs...
It doesn’t really benefit though because ultimately you’re taxing every possible consumer of electric vehicles because the cost of the taxes have to be subsidized by someone in this case the working class. In turn this increases the prices of every other commodity for the same individual. Taxes disincentivize investment which allows that money to be spent elsewhere causing inflation.
To what extent is Trump's promise of more tariffs on China a false solution that neglects to address the root problem of the US being unable to economically compete globally: financialized capitalism whereby wealth is extremely concentrated among a few people engaged in high finance and manipulation instead of investing in human resources, R& D, and innovation?
Even after Hudson has tried to explain this to him many times...he still refuses to acknowledge the "rentier" sector of the economy...and the fact that it is NOT capitalism.
"Kamala's government will decide who gets how much so we all end up in the same place. This is not just insane. I could forgive that. It's vicious. People are calling her Commie Kamala and quoting Marx. From each according to his ability, to each according to his need. But this is worse. Under communism, the proletariat - the workers - were the real creators of value, and the capitalists were parasites, so workers would get the compensation they deserve for their hard work. Kamala's idea is pure racial plundering. Non-whites - especially blacks - get handouts, not because they're productive, but strictly because of who they are. In practice, it would mean that the government pillages the most productive races to the benefit of the least productive." - Jared Taylor.
I thought it was unfortunate that, at the end of the broadcast Dr. Wolff implied that he only has 2 electoral choices in 2024. What about Dr. Jill Stein's Green Party?
@@4nbop80user It is your duty to show how Richard Wolff is "an educated fool". What in particular within his economic analysis indicates that he's "an educated fool"?
@@d.russellmoros7841 I’ll be the last one to say so. He is a great educator with varied knowledge in different fields. Check with the person who Really said that. I also don’t see how anyone here would have a ‘duty’ to you. Goodbye.
Given that he has spent his entire life in pursuit of a "forbidden truth" whose reasoning rests on the fact that when he attended "school" no one was teaching it, that he would admit his foolishness at this late stage is not surprising. If it is true that science advances at the speed of the number of dead scientists, economics, which is neither science nor discipline, is in even far worse condition.
@@ElimiXebian Math is simply a means of description...an attempt to describe what is being observed...quantitatively. A measurement of an "action" or an "event" that yields a consistent result...allows one to predict the result of future events of a similar nature with a greater degree of certainty. Also known as "empiricism" which is distinct from other forms of what has been labeled as philosophical speculation or reasoning. The greater the number of variables involved, the more complex and unpredictable a system will be, and as much as one would desire that this were not so, that desire is not relevant in the calculations that must be considered. Therefore, the statement that one has simplified a complex system or subject would be false, since that would require the elimination of the number of variables involved...replacing them with "constants" that did not vary, which would require "evidence" that this was true, or one would ignore those variables that are inconvenient to one's desired result, which is NOT a simplification of actual complexity, but a simplistic one. As for the meaning of Planck's paraphrased quote, as it would apply here, you might find the following is more useful. xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx Research Highlight Published: 01 October 2019 RESEARCH DIRECTIONS One death at a time David Abergel Nature Physics volume 15, page986 (2019)Cite this article Does science advance one death at a time, as Max Planck famously quipped? Studies have already confirmed that when a ‘star scientist’ passes away, their collaborators produce work at a slower rate. Now, Pierre Azoulay and collaborators have comprehensively analysed the response of scientists who did not collaborate with the star researcher before their death. In contrast to the collaborators’ dip in productivity, the non-collaborators showed a marked increase in publications in the subfield previously dominated by the star. The strongest increase is from new entrants to the subfield. It seems that younger scientists are put off working in a subfield when it is dominated by a ‘big beast’, even though they clearly have substantial contributions to make. While this ‘gatekeeping’ effect of eminent scientists may have some positive effects, it is an interesting question to think about whether the obvious down sides can be mitigated. xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx Also, of note: Marx was NOT an economist
@@ElimiXebian Research Highlight Published: 01 October 2019 One death at a time David Abergel Nature Physics volume 15, page986 (2019)Cite this article Does science advance one death at a time, as Max Planck famously quipped? Studies have already confirmed that when a ‘star scientist’ passes away, their collaborators produce work at a slower rate. Now, Pierre Azoulay and collaborators have comprehensively analysed the response of scientists who did not collaborate with the star researcher before their death. In contrast to the collaborators’ dip in productivity, the non-collaborators showed a marked increase in publications in the subfield previously dominated by the star. The strongest increase is from new entrants to the subfield. It seems that younger scientists are put off working in a subfield when it is dominated by a ‘big beast’, even though they clearly have substantial contributions to make. While this ‘gatekeeping’ effect of eminent scientists may have some positive effects, it is an interesting question to think about whether the obvious down sides can be mitigated. xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx Also, one can not simplify an explanation of a complex system by ignoring the variables that comprise it because they are inconvenient to the conclusion one finds desirable...and to do this for more than one system renders the result even more absurd...here we have "economics" and "human behavior"...rendered simplistically...where even the words must rendered incomprehensible as to their definitive meaning.
@@d.russellmoros7841 What's my point? If he has never opened a business, he only has read about how a business works. There is a statement about teachers. Thoughts who can't, teach.
@@robertcaldwell7571 There's a difference between the subjects matter of business administration and economics. Business administration study's how to administrate business while economics study's how entire economies function.Your comparing apples and oranges.
His current non-profit is the ONLY business he has ever started ( 2014 )...and he has proven that he is actually good at that...almost destroying it, in 2023. Interviews of this sort do more to discredit him than any criticism would. It's actually a waste of time to attempt to argue with his meager "followers" since they are even more ignorant than he is. ( and simple fact checks would be sufficient. ) For example, on "excise, duties and imposts"...he attempts to conflate the conditions of the past, with the present...while ignoring the radical change that occurred in the earliest years of the 20th century and what following. Then there are the "facts" involving BYD...and other than "price," they have won nothing. Finally, there is the truth that E.V's are a stupid attempt at a solution in search of a problem...no one wants them...nor do we have the infrastructure available to support them even where they do work. The following "employers set prices"...is enough to stop listening. (for a sane person )
His current non-profit is the ONLY business he has ever started ( 2014 )...and he has proven that he is actually good at that...almost destroying it, in 2023. Interviews of this sort do more to discredit him than any criticism would.
People can be "honestly ignorant" and and they have every reason to justify maintaining that condition. They do not question their "preacher" nor will they allow any questions to be asked, nor will they answer them...facts are irrelevant. You are a "troll" and unwanted...and this platform protects each "echo chamber" by preventing any actual discussion from continuing...while most comments are #Me2 nonsense...and this will be true, regardless of the particular "viewpoint" of the site in question. When you can't even get them to define the words they use...that you will ever find what you seek is highly improbable.
Love Professor Wolfe. One of my absolute favorite people to listen to. Thank you for having him on, and looking forward to next talk. I learn so much. He is so entertaining as well :)
Every interview with Richard Wolff is documentary worthy. MAGA species without high school diploma and GED's will be forced fed with this gems.
Thank you Mr Wolff big props to you 👏
Thank you .
I look forward to PART 2
Great show. It is always a delight to hear intelligent people talk about the issues.
Thank you for the great video, Richard Wolff is awesome.
Kamala's not a Marxist but isn't she a naked Imperialist?...and isn't that more unflattering....and isn't Trump similar? I couldn't watch because I get nervous when so many lies have to be kept straight by both parties. It's very distressing.
As George said 2cheeks o the same backside 😂😂😂
"Kamala's government will decide who gets how much so we all end up in the same place. This is not just insane. I could forgive that. It's vicious. People are calling her Commie Kamala and quoting Marx. From each according to his ability, to each according to his need. But this is worse. Under communism, the proletariat - the workers - were the real creators of value, and the capitalists were parasites, so workers would get the compensation they deserve for their hard work. Kamala's idea is pure racial plundering. Non-whites - especially blacks - get handouts, not because they're productive, but strictly because of who they are. In practice, it would mean that the government pillages the most productive races to the benefit of the least productive." - Jared Taylor.
I couldn't watch much because it is obvious that Wolff is a complete play-actor with zero substance.
@@markamberg8362 a neo-conservative communist, so worse. As in an actual Communist would be like Democrat lite. Because usually they're honest and if not honest they'll tell you they're lying. Oh wait maybe that's just Russians.
The Prof cogently points out that the logic of "free market " self correction breaks down when employer class refuses to permit the correction mechanism it tacitly agrees with to work whenever it doesn't directly benefit it-When that happens,it shifts into propaganda mode.We see them refer to price adjustments with Soviet style price setting-and Vice President Harris as a "Marxist".Thanks.
*_Professor Wolff should write a book on Economics 101._*
He's not qualified.
He’s written several books They r published and available online
@@jgalt308 no guy u aren’t so be quiet
@@pecan11 How would you know? The books he has written are a
waste of time and money...and like his "videos" they do not concern
actual understanding of the subject, but simply reflect his understanding of
the subject. As a result, he is unqualified.
A Marxist economist
.. that's someone with a very poor understanding of their subject. Marx once wrote and look how his predictions turned out... just justifying the totalitarianism he said was necessary even.
Tariffs sound really good to a factory worker who's job got transferred to Mexico, when the owner is making millions from the move. When it's against a Chinese company making cars more expensive for Americans, it feels similar to those workers, even when it hurts them.
Manufacturing jobs ALWAYS go to the countries with the lowest wages and fewer regulations. Only poorly educated people don't realize. And Republicans are poorly educated. LOL Tariffs are always bad because the US will get retaliated cause the Chinese economy is now bigger than that of the US in terms of GDP (PPP) and China now buys more Brazilian produce than American produce through BRICS.
why do doctors have a union
why do pilots have a union
why do teachers have a union
why do cops have a union
why do CPAs have a union
they erect a barrier to entry. and their jobs can't be exported and ... they also rake it in
meanwhile the average worker has to fend off wage competition from visas workers and their jobs are offshored.
so protection for some classes is ok but not others?
@@rohitnijhawan5281 It is called collective bargaining. Teachers have unions because otherwise individual teachers will never be able to negotiate with public or privates schools which are financially much more powerful. Cops should not have a union though because they are generally well paid and they are protected by immunity. Our military officers are not protected by unions, so shouldn't police officers. Medical doctors can choose private practice and not joining any hospitals. The problem of the medical industry is not doctors or doctor unions, but AMA which is a monopoly controlling medical schools, hospitals, and anything that is related medicine.
Only in a country like USA a presidential candidate can call another candidate something which is so far from the truth/facts and there are people believing in it？
Marx will turn around in the coffin.
Pure stupidity
😂😂😂😂😂
Most people have no idea what Marxism even is here.
you mean like "trump is a fascist"? uh huh
@@j85grim4 Given the evidence, Wolff has yet to learn what Marxism is, either.
As he explains: it is a criticism of capitalism.
That would require an understanding of what "capitalism" is...and he still has no understanding of what that is.
Weird after many hours of study... her words echo a lot of Marx through Marcuse...
@jgalt308 Exactly. He's got an agenda but she's definitely spinning around Hegel->Marx style bs.
So much for the concept of climate change policy
Excellent discussion. I’d like to hear more about the lax antitrust laws and the emergence of monopolies to jack prices up.
Sadly, Wolff can not present any consistent evidence to support that claim,
as the conditions have been radically altered from those when those "laws" were enacted
and the present.
A good friend of mine is trying to start a coffee stand in a small town on the coast of Oregon. The local government wants to charge him $20,000 for a water permit. Who’s price gouging?
That definitely sounds like a cash grab, without knowing the background details or the legislation. However, an arm of government extorting money out of a citizen does not preclude Capitalist firms price gouging. One does not necessarily exclude the other. Let's recall that it being a Capitalist economy, all sections of the economy / state will act in a capitalist manner.
I always learn something I didn"t know by listening to Professor Wolff. He is a walking dictionary of Economics. I am sure his students second my assessment.
A dictionary actually provides definitions so that you UNDERSTAND what the words mean.
Wolff's victim rhetoric relies on the fact that you have no clue what the words mean.
But you certainly learn things from Wolff, and eventually, with a little luck, you will learn they are NOT TRUE!
Don't just listen. Do some fact checking, but you must be a devoted Democrat, so fact checking on left leaning speakers is not necessary. But you should fact check his claims. It's easy just google it. I did. BYD is not cheaper than Teslas, their about the same. Tesla Model Y is actually the best selling in Europe (4/22/24 EV Volumes report). About Biden increasing tariff on china, yes there's a WH fact sheet dated 5/14/24 noting that biden is increasing tariffs on China. But really, May2024. Why he did that so late, for the gullible votes, and Trump was already campaigning that. Same with Kamala and her no tax on tips. Trump also was campaigning on that. Don't just take it, check their claims both dems and Republicans claim.
As he says, all this is economics 101, yet, everyone just goes yeah yeah let’s do that !
Ethiopian Americans should and must vote for Jill Stein.
We Ethiopians should remember what the Biden government did in our homeland,in the last 3 years. Because of the Biden’s government interference in the internal affairs of Ethiopia, about a million people have died.
@@berihunassfaw7472 you could at least have blamed the Italians for the fucked up state of your country instead of America. Y’all need to figure your own problems out instead of trying to blame America because American-Ethiopian relations have never been a foreign policy priority in recent American history.
I Will Vote Against Imperialism I Will Vote For Jill Stein /Butch Ware 2024
@CarlosPena-pf5zi Ok good job. Hopefully your vote isn’t caste in a swing state. If the republicans win the electoral college again ____ might just finally hit the fan. Imperialism or not.
@@brittajacobson2523 Both parties plan on continuing to fund genocide. The moral thing to do is vote for the candidate who got knocked down by police as she was protesting the massacre in Palestine.
@@vivalaleta Jill stein is a joke and a grifter
Me too
Jill Putinstein is against all but Russian imperialism. Clown.
You know, Dr Friedman had it exactly right about "prices" and the importance of their disclosure.. Because if people understood the insidious impact of INFLATION on their own finances, they'd make our Congress END IT TOMORROW!
Actually "the people" in their ignorance, ended up voting for it, and now that they
have become dependent on it, while having lost the industrial production required
to support it, they are begging for MORE OF IT!!!
Prof. Wolff discuss the last four years on the economy in this country under the Biden/Harris administration.
Professor, This question is for you and like thinkers like the other Professor: Varoufakis , the former finance Minister of Greece and many others who speak/claim to speak for a more fair, equitable , democratic economic, and social?system for the majority . As a practical example you point to 'worker cooperatives' I remember in Spain and Italy. For clarity I am not against fairer economic systems.
What perturbs me is: why don't you and like thinkers, organise and create worker cooperatives/fairer economic systems, make them the envy of those outside and thus collapse the evil of capitalism.
Looking forward to seedlings and hopefully soon, fruits of the the fairer socioe-conomic model.
Ordinary folk. No Professor.
don't be so stupid. life and economics is determined by individual self interest. its always been true, it will always be true. Capitalism acknowledges that fact. Communism denies or tries to reverse that fact. Thus it fails. Every time. Every Time.
Why did professor Wolff not mention the benefit of tariffs on Electric vehicles to American car companies building electric vehicles in the form of increased market and jobs...
It doesn’t really benefit though because ultimately you’re taxing every possible consumer of electric vehicles because the cost of the taxes have to be subsidized by someone in this case the working class. In turn this increases the prices of every other commodity for the same individual. Taxes disincentivize investment which allows that money to be spent elsewhere causing inflation.
To what extent is Trump's promise of more tariffs on China a false solution that neglects to address the root problem of the US being unable to economically compete globally: financialized capitalism whereby wealth is extremely concentrated among a few people engaged in high finance and manipulation instead of investing in human resources, R& D, and innovation?
Even after Hudson has tried to explain this to him many times...he still refuses
to acknowledge the "rentier" sector of the economy...and the fact that it is NOT capitalism.
I can't wait to see Elon Musk balance his Mexico ambitions with his love for the Donald.
Wolff is endorsing Harris-Inhoff.
Thank you both
The Demorats hsve also compared both Bush and Reagan to Hitler and Facism.
19:23 U really couldn't have picked worse words mate
I meant to say Bill Gates Period
No case can be made for Kamala as a Marxist. I wish you would clean up your titling.
"Kamala's government will decide who gets how much so we all end up in the same place. This is not just insane. I could forgive that. It's vicious. People are calling her Commie Kamala and quoting Marx. From each according to his ability, to each according to his need. But this is worse. Under communism, the proletariat - the workers - were the real creators of value, and the capitalists were parasites, so workers would get the compensation they deserve for their hard work. Kamala's idea is pure racial plundering. Non-whites - especially blacks - get handouts, not because they're productive, but strictly because of who they are. In practice, it would mean that the government pillages the most productive races to the benefit of the least productive." - Jared Taylor.
I thought it was unfortunate that, at the end of the broadcast Dr. Wolff implied that he only has 2 electoral choices in 2024. What about Dr. Jill Stein's Green Party?
FORMER president .....
Union's pushed price's up i wood say as well
This is one of those guys who Nina Simone sang about. "Nothing worse than an educated fool."
And what are you? A mouthpiece of bourgeois reaction!
@@d.russellmoros7841 yes
All this is in the most basic level Economics textbooks, so do you want to change how Economy actually works ? How so ?
@@4nbop80user It is your duty to show how Richard Wolff is "an educated fool". What in particular within his economic analysis indicates that he's "an educated fool"?
@@d.russellmoros7841 I’ll be the last one to say so. He is a great educator with varied knowledge in different fields. Check with the person who Really said that. I also don’t see how anyone here would have a ‘duty’ to you. Goodbye.
Poor professor Wolff. He really believes in what he says.
Given that he has spent his entire life in pursuit of a "forbidden truth" whose
reasoning rests on the fact that when he attended "school" no one was teaching
it, that he would admit his foolishness at this late stage is not surprising.
If it is true that science advances at the speed of the number of dead scientists,
economics, which is neither science nor discipline, is in even far worse condition.
Sort of...
@@jgalt308 So what you're saying is, if economics was really math it would work?
@@ElimiXebian Math is simply a means of description...an attempt to describe what
is being observed...quantitatively. A measurement of an "action" or an "event" that yields
a consistent result...allows one to predict the result of future events of a similar nature with
a greater degree of certainty. Also known as "empiricism" which is distinct from other forms
of what has been labeled as philosophical speculation or reasoning.
The greater the number of variables involved, the more complex and unpredictable a system
will be, and as much as one would desire that this were not so, that desire is not relevant in
the calculations that must be considered. Therefore, the statement that one has simplified
a complex system or subject would be false, since that would require the elimination of
the number of variables involved...replacing them with "constants" that did not vary, which
would require "evidence" that this was true, or one would ignore those variables that are
inconvenient to one's desired result, which is NOT a simplification of actual complexity,
but a simplistic one.
As for the meaning of Planck's paraphrased quote, as it would apply here, you might find
the following is more useful.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Research Highlight
Published: 01 October 2019
RESEARCH DIRECTIONS
One death at a time
David Abergel
Nature Physics volume 15, page986 (2019)Cite this article
Does science advance one death at a time, as Max Planck famously quipped? Studies have already confirmed that when a ‘star scientist’ passes away, their collaborators produce work at a slower rate. Now, Pierre Azoulay and collaborators have comprehensively analysed the response of scientists who did not collaborate with the star researcher before their death.
In contrast to the collaborators’ dip in productivity, the non-collaborators showed a marked increase in publications in the subfield previously dominated by the star. The strongest increase is from new entrants to the subfield.
It seems that younger scientists are put off working in a subfield when it is dominated by a ‘big beast’, even though they clearly have substantial contributions to make. While this ‘gatekeeping’ effect of eminent scientists may have some positive effects, it is an interesting question to think about whether the obvious down sides can be mitigated.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Also, of note: Marx was NOT an economist
@@ElimiXebian Research Highlight
Published: 01 October 2019
One death at a time
David Abergel
Nature Physics volume 15, page986 (2019)Cite this article
Does science advance one death at a time, as Max Planck famously quipped? Studies have already confirmed that when a ‘star scientist’ passes away, their collaborators produce work at a slower rate. Now, Pierre Azoulay and collaborators have comprehensively analysed the response of scientists who did not collaborate with the star researcher before their death.
In contrast to the collaborators’ dip in productivity, the non-collaborators showed a marked increase in publications in the subfield previously dominated by the star. The strongest increase is from new entrants to the subfield.
It seems that younger scientists are put off working in a subfield when it is dominated by a ‘big beast’, even though they clearly have substantial contributions to make. While this ‘gatekeeping’ effect of eminent scientists may have some positive effects, it is an interesting question to think about whether the obvious down sides can be mitigated.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Also, one can not simplify an explanation of a complex system by ignoring the variables that
comprise it because they are inconvenient to the conclusion one finds desirable...and to do this
for more than one system renders the result even more absurd...here we have "economics" and
"human behavior"...rendered simplistically...where even the words must rendered incomprehensible
as to their definitive meaning.
What is the largest business has Wolf started? Has he only been a teacher?
What's your point?
@@d.russellmoros7841 What's my point? If he has never opened a business, he only has read about how a business works. There is a statement about teachers. Thoughts who can't, teach.
@@robertcaldwell7571 There's a difference between the subjects matter of business administration and economics. Business administration study's how to administrate business while economics study's how entire economies function.Your comparing apples and oranges.
His current non-profit is the ONLY business he has ever started ( 2014 )...and
he has proven that he is actually good at that...almost destroying it,
in 2023.
Interviews of this sort do more to discredit him than any criticism would.
It's actually a waste of time to attempt to argue with his meager "followers"
since they are even more ignorant than he is. ( and simple fact checks would
be sufficient. )
For example, on "excise, duties and imposts"...he attempts to conflate the conditions
of the past, with the present...while ignoring the radical change that occurred in the
earliest years of the 20th century and what following.
Then there are the "facts" involving BYD...and other than "price," they have won nothing.
Finally, there is the truth that E.V's are a stupid attempt at a solution in search
of a problem...no one wants them...nor do we have the infrastructure available
to support them even where they do work.
The following "employers set prices"...is enough to stop listening. (for a sane person )
His current non-profit is the ONLY business he has ever started ( 2014 )...and
he has proven that he is actually good at that...almost destroying it,
in 2023. Interviews of this sort do more to discredit him than any criticism would.
I bet this Richard guy sucks to have as a professor but I learned something
He was the best professor I ever had. If you learned something how can you complain?
@@vivalaleta because he’s irritating and condescending lol
@@jackfromm Thats just professors. If you cant handle that dont study.
@@t.m.2415 there’s a reason I didn’t go to grad school. academia is a slog dealing with these types.
@@jackfromm- Yeah, sounds like that was your issue. 😂
Just a couple of left loons. Where can I find honest views?
People can be "honestly ignorant" and and they have every reason to justify
maintaining that condition. They do not question their "preacher" nor will they allow
any questions to be asked, nor will they answer them...facts are irrelevant.
You are a "troll" and unwanted...and this platform protects each "echo chamber" by
preventing any actual discussion from continuing...while most comments are #Me2
nonsense...and this will be true, regardless of the particular "viewpoint" of the site
in question.
When you can't even get them to define the words they use...that you will ever find
what you seek is highly improbable.
Thank you for the great video, Richard Wolff is awesome.