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 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'.
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.