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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).

Economic Update: "How Capitalism Works"

Updates on why efforts against obesity fail, Cadillac moves to New York, Atlanta Symphony lockout, subprime auto-credit, bank economics. Major discussion on the economics of climate change. Responses to questions on Jamestown in US history, minimum wage struggles now, and economics of insurance.

Economic Update: “Big Economic Changes”

Updates on new census data, Kentucky town goes "socialist," big wage theft, Maine workers coop, economic insecurity. Major discussions on "gentrification", Yellen worried, tax consequences on inequality, and global economic of beer. Responses on min wage struggles, corporate "persons" and BRICS bank.

Economic Update: "Corporations are the Problem"

Updates on Market Basket workers' victory, top paid asset managers, FED report debunks "recovery," Chipotle's gross inequality, Montreal corruption, and Russia/China economic alliance. Major discussion: Part 2 on socialism's new directions. Response to listeners on franchising, capitalist growth, advertising and consumer desires.

Economic Update: Big Changes Coming

Updates on food insecurity, oil disaster economics, politicos go to Wall Street, billionaires buy homes, education In UK and US sustains elites. Major discussions of (1) employers' movement for a 4-day workweek, and (2) history of socialism vs capitalism (part 1 with part 2 next week) which was also response to many listeners' questions.

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.

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.

"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.

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