English

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).

Capitalism Hits the Fan Movie

Watch as Professor Richard Wolff breaks down the root causes of today's economic crisis, showing how it was decades in the making and in fact reflects seismic failures within the structures of American-style capitalism itself. Wolff traces the source of the economic crisis to the 1970s, when wages began to stagnate and American workers were forced into a dysfunctional spiral of borrowing and debt that ultimately exploded in the mortgage meltdown.

Economic Update: Capitalism's Personal Costs

Updates on Italy's general strike, opera economics, Miami baseball, and Argentina loans. Responses to listeners on economics of US children and on a new political party. Interview on personal and psychological costs of capitalism with Dr Harriet Fraad. 

Global Capitalism November 2014 Monthly Update

These programs begin with 30 minutes of short updates on important economic events of the last month. Then Wolff analyzes several major economic issues. For November 12th, these will include:

1. How the Absence of Economic Democracy Undermines Political Democracy

2. Economic Democracy and Revolution Inside Enterprises (Factories, Offices, Stores)

3. The Real Economics of Wages, Prices, and Profits

System Change, or There and Back Again: Capitalism, Socialism, Fascism

This article originally appeared at Truth-out.org

(Image: Puzzle building via Shutterstock)

Economic Update: Extreme Capitalism

Updates on low Irish taxes on corps, interns fight back, thriving opium, VW brings new  labor relations to US, big banks caught cheating again. Replies to questions on domestic outsourcing and democracy of workers self-directed enterprises. Major discussions of college sports, the business oligarchy in the US and forgiving countries' debts.

The Fall of the Berlin Wall and the Failures of Actually Existing Economic Systems

Pedestrians stroll past remnants of the Berlin Wall. (Photo: Das-A)

This article originally appeared at Truth-out.org

Economic Update: "Elections but no Democracy"

Updates on election results, Ebola, mortgage rules, China limits execs' pay, and whose got the wealth. Responses to listeners on changes at Costco, so-called "non-profits", why ever more billionaires, and Piketty's problem. Major topics discussed: election economics, child poverty, Capitalism and Democracy.

Economic Update: "Hostages to Profits"

Updates on destroying public higher education, labor actions, Vermont labels GMO food, workers doing without days off. Major discussions of municipal bonds and how profits drive Capitalism. Response to listeners on PO banks and history of economic systems.

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