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 Coke vs Pepsi war, price gouging on cancer drugs, Corwyn good for UK Labor Party, and new Pope's strong anti-capitalist speeches. We respond to listeners' questions on guaranteed basic income and on why public employees are not an economic negative. Major attention is given to supporting countries that refuse to pay certain govt debts and especially to Greece in a review of is dramatic recent struggles.
Prof. Wolff talk about Greece and explains why the furor over a secret contingency plan to leave the Euro and go back to a Greek currency is misplaced and inappropriate on CPRmetro radio.
Today's program focuses on two alternatives to capitalism. The first is an alternative to how capitalism organizes enterprises in terms of their internal workings and relationships. We examine workers self-directed enterprises: how they work and how they compare to capitalist enterprises. In the program's second half we look at an alternative to how capitalism organizes the economy as a whole: the socialist tradition that has evolved multiple different forms in the world today.
Prof. Wolff talks to Community Public Radio's Don DeBar about Greece and the European Union.
Prof. Wolff talks to KPFA's Letters and Politics Mitch Jesserich about Greece's debt deal.
Prof. Wolff discusses the latest Greek events including the recent referendum and the resignation of Finance Minister Varoufakis on Community Public Radio.
We begin our 3-week experiment with a new format: two in-depth analyses, one in each half of the show. We begin by considering the different meanings of class, class analysis and class struggle across human history and why those differences matter so much now. Today's second half explores how socialism evolved from a basic alternative to capitalism into a state capitalism not so different from private capitalism.