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Marxian Economics

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).

Economic Update: Austerity Resistance Rising

Opening updates focus on Seattle, Puerto Rico, Los Angeles, and Portugal. We then examine business domination of universities in service to profits and Republican efforts to undermine Democrats revenues from unions. We answer listeners' questions about business influence on govt policies and the question: "What is fascism?". Major topics treated in the program's second half are repression aimed at those resisting austerity and crisis of US higher education.

Economic Update: Profit-Driven Capitalism

In this edition of Economic Update, we look at Verizon's purchase of AOL, why Facebook's "contribution" to ending inequality falls so short, how latest $$ gift to Yale increases inequality, how UK elections reflect "scapegoat economics, and why deadly Mediterranean migrations reflect capitalism's globally uneven development. We also respond to listener questions on (1) Americans' attitudes toward income and wealth inequality by our analysis of recent Gallup Polls and (2) whether student debts can lead to reduced Social Security benefits and what that means.

The Future of Jobs and Wages: A Conversation with Economist Richard Wolff

WTO, TPP, NAFTA, CAFTA, and a host of trade agreements are causing America to hemorrhage jobs and the resultant downward pressure on wages. Add the productivity gains realized from automation and technology and the future of jobs in America looks pretty bleak. The government is cutting back on social programs and privatized welfare systems dependent upon the whims of the wealthy didn’t work for Louis the XVI or any other aristocracy throughout history. How will American workers support their families and keep our economy vibrant? There is a way but it will take courage.

Economic Update: Children, Capitalism, Family Values?

Updates on Alberta election, Kansas closes schools early, Gallup polls on unequal US wealth and on average work weeks over 40 hours, Uber and markets, ignorance about USSR economy. Response to listeners on public subsidies to private profits. Interview with Dr. Harriet Fraad on children and families in US capitalism.

Economic Update: Capitalism's Other Side

Updates on May Day holiday, Baltimore uprising, Nepal earthquake/poverty, Varoufakis vs repression, and Bud Light pushing beer by endangering women. Response to listener’s questions on varieties of coops. Interview with Prof. Yahya Madra on Turkey, Capitalism, and Islam.

Economic Update: Capitalism and War

Updates on UK elections, crisis's long-term effects, Kansas demonizes the poor, and the mustard-ketchup economic war. Responses to listeners on child-support economics and car production moving to Mexico. Major discussions: capitalism and war - a history, new stages of Cuban socialism and US Cuba-policy, the high stakes of Greece's economic situation.

Economic Update: Honest Economics

Updates on Bernanke's new big-bucks finance job, GM avoids billions in victims' claims for faulty ignitions, Seattle capitalist raises all workers to minimum $70k/yr, Americans' self-delusion on inequality, private profit trumps public policy, and anti-student-debt activism. Responses to listeners: impact on China if capitalism's relocation stopped. Major discussions of economics of wages and prices, narrowness of economics education, and basic global economic development issue.

Economic Update: The Worker Coop Alternative

Updates on inadequate unemployment insurance, Ted Cruz's campaign money, law giving domestic workers real benefits, and demonizing the poor. Responses to questions on California drought and US medical system's experiments on people. Interview with Yochai Gal on TechCollectives he organized: two successful worker coops.

Economic Update: Economic Change and Personal Life Crises

Updates on car parts industry, German courts cut Uber, Russia's economy grows despite sanctions, no recovery in declining teaching positions for new US PhDs in humanities, and huge Mexican strikes against Driscoll berries produced for US. Responses to listeners on (1) countries' currency manipulations and (2) role of unions in workers' coops. Interview Dr. Harriet Fraad, mental health counsellor, on how capitalism's changes since 1970s have disrupted the personal lives of US men and women and creative solutions.

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