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Tag: Richard Wolff

Economic Update: The Contributions of Karl Marx (Part I)

Economic Update: The Contributions of Karl Marx (Part I)

Welcome to part one of a four-part series on the work and the contribution made by Karl Marx. We do this now because it’s the 200th anniversary of Karl Marx’s birth, but of course the real reason we do it, is because we think that that work, that criticism of the capitalist economic system, remains a source of important insights, that can be useful for all of those who want to make a better world out of the one we’re…

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Richard Wolff and Harriet Fraad on the Family Struggles in Capitalism

Richard Wolff and Harriet Fraad on the Family Struggles in Capitalism

FRAAD: The family is failing. The majority of 18 to 35 year olds don’t get married. There are more people that live together than marry because they don’t really feel they have enough security, and stability to be married, no less start a family. So families are in big trouble. WOLFF: Let me ask you a question because immediately, since I’m an economist it occurs to me, the things you’ve said immediately show the impact of the economy. If it’s…

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Economic Update: Marxism’s Contribution [TEASER]

Economic Update: Marxism’s Contribution [TEASER]

[WOLFF] Let’s get right to the key thing that I wanted to have you talk to us about. What does Marxism – and Marxian political economy in particular – what does it offer to a society like ours today? Why is this something you study, you teach your students who want to learn what’s going on with Marxism? [OLLMAN] Beginnings are very important to Marx and I, in recent years, like to begin my discussions of Marxism by quoting a…

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Economic Update: The Contributions of Karl Marx (Part III)

Economic Update: The Contributions of Karl Marx (Part III)

Welcome to part three of this four-part series on the work and contributions of Karl Marx once again let me remind you that the point in purpose here is not to have you agree or disagree with what Marx wrote but to become aware of what the perspective of the leading critic of capitalism is what insights he may have discovered that we can make use of now to improve the economy for all of us the point is not…

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Economic Update: The Contributions of Karl Marx (Part IV)

Economic Update: The Contributions of Karl Marx (Part IV)

Welcome to part 4 of this four-part series on the work and contribution of Karl Marx. I won’t repeat what we have said at the beginning of the other segments, because you’ve heard it already, and you know it anyway, we studied Karl Marx here, we summarized his work because of the insights it offers us, ways for us to solve problems we face today this is not about agreeing or disagreeing with what Marx is saying, it has to…

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Economic Update: Marxism’s Contribution

Economic Update: Marxism’s Contribution

Welcome friends to another edition of Economic Update a weekly program devoted to the economic dimensions of our lives, jobs, debts, incomes, our own those looming down the road, those of our kids I’m your host Richard Wolff, I’ve been a professor of economics all my adult life and I hope that that has prepared me well to go over these economic changes all around us as we do that each week. Let me jump right in by giving a…

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Economic Update: The Contributions of Karl Marx (Part II)

Economic Update: The Contributions of Karl Marx (Part II)

Welcome to part two of this four-part series on the work and contribution of Karl Marx. Once again I just want to say that the reason we look at Marx’s contribution is that he was the leading, and remains the leading critic of the economic system we live under, and therefore to understand his critical perspective is a way to get a deeper understanding of this system, its strengths and its weaknesses, so that we can all be better citizens,…

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Democracy is Good, Actually | Very Important Docs²⁵

Democracy is Good, Actually | Very Important Docs²⁵

– Democracy is great, I mean it would be if only people were smart. but the problem is that people are just so stupid. If you try and tell people the facts they just fart right in your face. They use non-specific words like “stuff” and “things” and they wear pajamas to Walmart. Morons! Allow me to hallucinate the perfunctory manner in which the quintessential every day people perform their general malaise. Big words! The average person gets up every…

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Richard Wolff gives a brief world survey of Marxism

Richard Wolff gives a brief world survey of Marxism

I wanted to do a brief, bold, and highly incomplete survey of what Marxism has done already in the way of shaping modern culture, influencing modern ways of thought. It’s a much more pervasive and deeply ingrained way of thinking than many people recognize, and to that end I want to do this brief survey. Some of the names I’m going to mention to you are known very well, others are almost unknown. It’s the breadth, the depth, the range…

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Richard Wolff explains Marxism with a historical parallel

Richard Wolff explains Marxism with a historical parallel

So let’s get into what Marxism is so that we can understand it. And the way I find it interesting to do that is to draw a parallel, a historical parallel, to an earlier time when there was another system that produced critics. We call that system slavery; a system in which some people, a minority, were masters and other people, a majority, were slaves. The slaves did all the work. The slaves were literally the property of the Masters…

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