Economic Theory

  • In Capitalist Crisis, Rediscovering Marx

      The rise, fall, and return of Marxian analyses Marxian analyses are now resurfacing in public dialogues about economy and society. Thirty years of systematic and often successful anti-Marxism agitation are fading in politics, the media, academia, and beyond. A new generation discovers and wrestles with the diverse richness of that tradition’s insights. Capitalist economic crisescontributed to Marx’s original insights and to their growing reception across the 19th and 20th centuries. Yet another crisis now renews broad social interest in Marxism.
  • Global Capitalism - A Monthly Update & Discussion (April 2012)

    These Tuesday evenings will each begin with an update and analysis of major economic events of the last month and their contexts of longer-term economic trends shaping politics and society here and abroad. We will focus on the evolving global capitalist economic crisis and its consequences. We will examine topics such as

  • Global Capitalism - A Monthly Update & Discussion (February 2012)

    These Tuesday evenings will each begin with an update and analysis of major economic events of the last month and their contexts of longer-term economic trends shaping politics and society here and abroad. We will focus on the evolving global capitalist economic crisis and its consequences. We will examine topics such as

  • What Capitalism Delivers

    Article first appears in MRZine on April 16, 2012.

    Most Presidents preside over one or more capitalist downturns (recessions, depressions, crises, etc.). Every President since at least FDR generated a "program" to respond to the downturn -- as demanded by citizens and businesses. FDR and every later President promised that his program would "not only extricate the US from the present economic troubles but will also make sure neither we nor our children need face such downturns in the future." Obama is only the latest to do so.

  • Occupy the Mind: Progressive Moral Agenda for the 21st Century

    Professor Wolff's lecture:

    Video of full event:

     

    Question and Answer:

  • Who REALLY Pays Taxes?

    Originally appeared on Truthout.org on Janurary 30th, 2012 in their Tax Issue

  • Harvard Students Join the Movement

    Over the last 10 days, Harvard students twice stopped business as usual at this richest of all US private universities. An Occupy Harvard encampment of tents followed a large march of many hundreds through the campus protesting Harvard's complicity in the nation's extreme inequality of income and wealth. A week earlier some 70 students walked out in protest of Harvard's large lecture course in introductory economics. They too explained that they were acting in solidarity with Occupy Wall Street (OWS) movements.

  • On KPFA's Letters and Politics - Nov 9, 2011

    Richard Wolff joins host Mitch Jeserich on Letters and Politics for a primer on the Italian and Green Economic Crisis, as well as discuss the students of California beginning Occupations on campuses across the state.

  • Global Capitalism - A Monthly Update & Discussion (Nov 2011)

    These Tuesday evenings will each begin with an update and analysis of major economic events of the last month and their contexts of longer-term economic trends shaping politics and society here and abroad. We will focus on the evolving global capitalist economic crisis and its consequences. We will examine topics such as

  • How Class Works

      In the below animation and audio presentation, Wolff explains what class is all about and applies that understanding to the foreclosure crisis of 2007–2011. He argues that class concerns the "way our society splits up the output [and] leaves those who get the profits in the position of deciding and figuring out what to do with them...
  • Schonberger Peace and Social Justice Lecture

    Richard Wolff was invited to speak at the Schonberger Peace and Social Justice Lecture at the University of Maine on October 20th, 2011. The recorded audio touches on many of the normal analyses with some additional attention to recent events.

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