Prof. Richard Wolff: The Economics of the Ukraine War


66,257 views Jan 15, 2023
In this episode of The Source, we talk with Professor Emeritus of Economics (University of Massachusetts) and founder of Democracy at Work, Richard Wolff, about the economic impact of the Ukraine war.

We assess the impact of Western sanctions on Russia as well as how the war has affected the West economically.

Interview topics:
0:00 Introduction
0:32 “Economic War” with Russia?
12:01 Moral significance of Western sanctions
14:20 Economic impact on the United States
21:07 Economic impact of military spending
32:21 Economic impact on Ukraine

ABOUT RICHARD D. WOLFF: Richard D. Wolff is the founder of Democracy at Work and host the show Economic Update. He is Professor of Economics Emeritus, University of Massachusetts, Amherst where he taught economics from 1973 to 2008. Earlier he taught economics at Yale University and at the City College of the City University of New York. Wolff was also a regular lecturer at the Brecht Forum in New York City. He is currently a Visiting Professor in the Graduate Program in International Affairs of the New School University in New York City.

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