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).
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.
CHECK OUT THE OTHER 19 SHORTS: http://www.wetheeconomy.com What do banks do with our deposits? You think that banks are where your cash is stored and safeguard and that a dollar bill is money. Well, you’re wrong. Like, really wrong. GUEST ACTORS: Richard D. Wolff, Anat Admati, Mridu Chandra, Barbara Garson, Suresh Naidu, James Schamus DIRECTOR: James Schamus
What is the real value of a dollar?
You think that a dollar bill is money and that banks are where your cash is stored and safeguarded. Well, you’re wrong. Like, really wrong.
GUEST ACTORS: Richard D. Wolff, Anat Admati, Mridu Chandra, Barbara Garson, Suresh Naidu, James Schamus,
DIRECTOR: James Schamus
Check out the other 19 shorts at: http://www.wetheeconomy.com
Updates on Walmart shifts medical insurance costs onto US, payday loans, US child poverty, Obama versus workers' needs, profits and death from opioids. Major discussions of medical-industrial complex, manufacturing "renaissance" fantasy, and "socialism's" different meanings. Response to listeners on remarkable economics of US securities industry.
Aljazeera America interviews Professor Wolff on Income and Wealth Inequality
The Otterbein University Department of History and Political Science Speaker Series presents Richard D. Wolff on "Our Economic Futures: Can Democracy Cure Capitalism?"
How did we get in this mess? Economist Richard Wolff joins Occupy Radio to give us the low-down and dirty on how the US economy tanked . . . at least for the 99%. But it's not all downhill from here; Worker Self-Directed Enterprises hold the key to radical transformation of our businesses, society, and lives!