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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: Pope Questions Capitalism

Our updates start with victory of alumna, faculty and students over autocratic board of Sweet Briar College in Virginia, then discuss the uniquely awful US record on paid leave for workers and an interesting move by cities (Santa Cruz, CA as example) to disconnect from corrupt big banks. We have fun with why US govt leaving Waldorf Astoria hotel in New York and we celebrate rising UK movement against austerity. Second half of show interviews veteran reporter Bob Hennelly on the Pope's statement about ecology, environment, and a failing economic system. 

Economic Update: Fighting Economic Injustice

We open with Goldman Sachs injustice and move on to the ‘independent contractor’ ploy just busted at FedEx and Uber and then Wisconsin governor’s attack on public university to lower taxes on corps and rich. We interview Prof Kristin Ross on (her new book) on the significance of the Paris Commune where workers fough injustice by reorganizing society dramatically and effectively.

Economic Update: Higher Education in Crisis

Updates analyze unemployment numbers to show what they hide as well as reveal. Responses to listeners' questions expose the economics of lotteries and why the largest US corporations have recently used their profits to buy back their shares in the stock markets. An in-depth interview of Prof. Sohnya Sayres explores the end of free college and universities in the US, the rise of administrators dominating students and faculty, and what these trends have meant for the quality of higher education in the US.

Economic Update: Change: Sawant in Seattle

Updates offer latest on Greece's struggles with Europe, a critique of Buffett on rich vs poor and a hard look at $400 million gift to Harvard from billionaire Paulson. Responses to listeners on new Mayor of Barcelona and TPP. A detailed interview with socialist Kshama Sawant and her seat on Seattle's city council.

The New Deal Lives

We begin with Larry Summers and other signs of a broken economic system. Then the economics of Nebraska ending it's death penalty and vast sports corruption (FIFA). Responses to listeners on reorganizing universities and household class structures. Major interview with two guests, Professor Richard Walker and  Dr. Gray Brechin,  on rediscovering the New Deal.

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.

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