Marxian Economics

This course provides a working foundation in the core concepts of Marxian economic theory – necessary and surplus labor, labor power, surplus value, exploitation, capital accumulation, distributions of the surplus, capitalist crises, and the differences between capitalist and other class structures. In addition, these core concepts will be systematically used to understand current social problems (including political and cultural as well as economic problems).

Ekonomik Kriz, Radikal Demokrasiyi Gündemleştiriyor!*

“İş’te Demokrasi” (Democracy at Work) kitabınızda ekonomik demokra- sinin günümüzdeki temellerini kuruyorsunuz. İşyerinde çalışanların daha  fazla artı değere el koyması ya da bu yönde talebi olması bu anlamda ne ka- dar önemlidir? Bu durum kapitalizmin tahkimi sonucunu doğurmaz mı?  Daha da önemlisi bu durum orta sınıfın kapitalizme daha fazla dahil edil- mesine yol açmaz mı?

Enterprise Structure Is Key to the Shape of a Post-Capitalist Future

This article originally appeared at

Richard Wolff talks about "The Shape of a Post-Capitalist Future," his entry in the new anthology Imagine: Living in a Socialist USA, and his conviction that making the transition from capitalism to socialism requires a deliberate critique of capitalist workplace organization.

Leslie Thatcher for Truthout: What motivated you to choose (of all things!) "corporate structure" in your search for a "powerful, attractive and credible vision of socialism?"

Janet Yellen and I were taught to revere capitalism. But it's a failing system

This article orginally appeared at

(A banner reading 'Capitalism isn't working' at an Occupy protest. Photograph: Oli Scarff/Getty Images)

Οι καπιταλιστές εκμεταλλεύτηκαν στο έπακρο τις ευκαιρίες της κρίσης


Richard Wolff on Capitalism and Socialism: An Interview with C. J. Polychroniou

This article originally appeared at  

Greek version of article available in the Non-English section of

Welcome to Econ...A Q&A with Richard Wolff

This article originally appeared at

Economic Update: Small vs. Big Business

Update on fast-food CEO pay, lost output from Great Recession, US healthcare overcharging explained, Treasury Secretary Paulson explains his deference to bankers, and the 1% US poorest. Major discussions on differences and conflicts between big and small businesses in capitalism and how Marxian economics differs from Neoclassical and Keynesian economics.

Organized Labor's Decline in the US Is Well-Known. But What Drove It?

This article originally appeared at The Guardian.

Organized labor's decline in the US over the past half century is well-known; what drove that decline, less so. The New Deal's enemies – big business, Republicans, conservatives – had developed a coordinated strategy by the late 1940s. They would break up the coalition of organized labor, socialist and communist parties: the mass base that had forced through the 1930s New Deal. Then each coalition member could be individually destroyed.

"Pure" Capitalism Is Pure Fantasy

This article originally appeared at Truthout.

A Croatian translation of this article is available at H-Alter.

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