November 8th, 2011 7:30 PM Global Capitalism A Monthly Update & Discussion Rick Wolff with Costas Panayotakis & Yanis Varoufakis These Tuesday evenings will each begin with an update and analysis of major economic events of the last month and their contexts of longer-term economic trends shaping politics and society here and abroad. We will focus on the evolving global capitalist economic crisis and its consequences. We will examine topics such as the social costs effects of the historic long-term US unemployment, national debt crises and “austerity programs” in Greece, Ireland, Spain, and beyond changes in today’s Chinese economy and their global effects, tax reform and the entire tax issue in the US today, continuing crisis in the US housing and credit markets the economics of immigration Actual economic developments will shape the agenda for each monthly Tuesday meeting. Rick Wolff, with occasional guests, will present an economic update and an analysis of some particular economic topics and then open the floor to questions, comments and a general discussion of where the US and world economies are going and the political implications. We aim to develop participants’ understanding of and ability to explain to others the key economic developments of our time. 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. He also teaches classes regularly at the Brecht Forum in Manhattan. Costas Panayotakis is associate professor of sociology at the New York City College of Technology at CUNY and author of Remaking Scarcity: From Capitalist Inefficiency to Economic Democracy. Yanis Varoufakis is Professor of Economic Theory and Director of the Department of Political Economy within the Faculty of Economic Sciences of the University of Athens. His latest book, The Global Minotaur, is a comprehensive guide to the current economic crisis--tracing a path from post-war US economic supremacy to the current predicament.