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 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'.
Prof. Wolff joins Tim Danahey on The Tim Danahey Show to answer these questions:
Running on an uncompromising anti-austerity platform, Greece’s Syriza party, the Coalition of the Radical Left, won a decisive victory over the conservative New Democracy party in the economically battered nation’s Jan. 25 election. Syriza fell only two seats short of winning an absolute majority in Greece’s 300-seat Parliament, prompting party leader Alexis Tsipras to form an alliance with the small, center right Independent Greeks party to form a governing coalition.
Saudi Arabia’s King Abdullah bin Abdulaziz has died in hospital while undergoing treatment for pneumonia. An official statement has named Saudi Crown Prince Salman the new king.
Updates on Obama's SOTU speech, ECB pumps up money supply to stimulate Europe, forgiving Greece's (just like Germany's) debts, and US housing extremes. Response to questions on global wealth inequality and Switzerland's currency maneuvers. Interview with Dr. Harriet Fraad on US economy's disastrous impact on children.
Updates on Democrat's "Robin Hood" tax, riders shift from planes to buses, and misleading US job market headlines. Responses to questions on big bankers' self-image and the basic economics of US federal estate tax and state and local taxes. Interview: Prof. Peter Bratsis on Greek election January 25 and ongoing struggles, in Greece and beyond, to end austerity.