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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: Corporate Economics

Updates on Burger King, French socialism, cell phone overcharging, Bank of America's fine. Major topics: advertising industry and once more on no recovery. Responses on Michigan teachers union fight, poor still kept out of US top colleges, corporate stock buybacks.

Professor Richard Wolff joins RT TV's Thom Hartmann for Conversations with Great Minds.

Professor Richard Wolff joins RT TV's Thom Hartmann for Conversations with Great Minds.

Economic Update: "From Ferguson to Retirement Crisis"

Updates on govt. housing for Johnny Cash, inequality and growth, economic lessons from Ferguson. Interview on Retirement Crisis in US with Prof. James Russell. Responses to questions: (1) how government subsidizes Walmart (with Food Stamps plus….), and (2) economics of advertising.

Economic Update: "Economics of Markets and Immigration"

Updates on drop in most American households' wealth, 2003-2013, social security finances more about wages than aging. Major discussions on (1) critical economics of markets, (2) political economy of immigration, and (3) capitalism's two great contradictions. Response to listeners on worker coop incubators and fund-raising by the Clintons.

Economic Update: "Economics of Markets and Immigration"

Updates on drop in most American households' wealth, 2003-2013, social security finances more about wages than aging. Major discussions on (1) critical economics of markets, (2) political economy of immigration, and (3) capitalism's two great contradictions. Response to listeners on worker coop incubators and fund-raising by the Clintons.

Global Capitalism: August 2014 Monthly Update

The lecture begins with brief updates and analyses of major economic events over the last month.  For August these include: -inequality and the fading "American Dream" -bubbles in sub-prime car loans and student debt -workers begin pushing back -internal economic tensions of Republicans and Democrats

"Economics of Republicans and Democrats"

 Updates on Pentagon's overpayments, mortgages tilt toward the rich, sub-prime car loan bubble, silence about intangible property tax. Major discussions: the economic organizations of Republican and Democratic Parties and more on socialism and Marx. Response to listeners on (1) clawing back public benefits to private corporations, and (2) using public assets to cover state budget deficits.

Marxian Economics vs Capitalism with Professor Richard D. Wolff

Do we have true capitalism? What exactly is Marxism, and why does it exist? Most Americans have a knee-jerk reaction against Marxism, but is it fully justified to not even speak of it? What political histories and structures are compatible with different economic systems? Is there a positive role Marxism has taken in national and world economies?

Avowed capitalist Cenk Uygur discusses these questions and much more with Professor Richard D. Wolff.

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