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.
CPR News interviews Prof. Wolff about the current situation in Greece, Syriza and the economic issues facing Europe.
ACLU SoCal, L.A. Progressive and Occidental College hosted Prof. Wolff for a discussion on economic rights and reform, on February 10, 2015 at Occidental College.
Updates on labor protections for 'contract' workers, a green new deal for Greece, slowing US growth, and scandal of the used car market. Response to questions on reality behind 'recovery' hype and on poverty among those over 65. In depth critical analysis of markets and 'the market system'.
The privilege of introducing economist Richard Wolff to Orange County on Thursday night, February 12 at Santa Ana’s nifty Delhi Center finds me (and you) with an opportunity to consider our complicated Dickensian moment as lived, imagined, celebrated and challenged in this beautiful, benighted county.
Prof. Wolff joins Tim Danahey on The Tim Danahey Show to answer these questions: