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).
Updates on pizza politics, changing currency values, and tax-cutting politicians’ wild claims. Responses on workers coops’ competitiveness and on ‘unfree’ agricultural markets. Interview Walter South on economics of housing and dangerous economics of US cities and suburbs.
Prof. Wolff talks to David Rabin of WPFW, a Pacifica station in Washington, DC about his recent Truthout article on a class analysis of the lessons we need to learn from past revolutions.
Updates on Europeans' struggles against austerity policies. Response to questions on how workers' self-directed enterprises solve various problems (especially financing and different skill levels). In depth critical discussion of 'free enterprise' and the free enterprise system.
CPR News interviews Prof. Wolff about the current situation in Greece, Syriza and the economic issues facing Europe.
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'.