Richard Wolff: Why Marx? Why Now?
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- čas přidán 21. 03. 2024
- Richard D. Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst where he taught economics from 1973 to 2008. He is currently a Visiting Professor in the Graduate Program in International Affairs of the New School University, New York City. Earlier he taught economics at Yale University (1967-1969) and at the City College of the City University of New York (1969-1973). In 1994, he was a Visiting Professor of Economics at the University of Paris (France), I (Sorbonne). Wolff was also a regular lecturer at the Brecht Forum in New York City.
Professor Wolff's weekly show, Economic Update with Richard D. Wolff, is syndicated on over 70 radio stations nationwide and available for broadcast on Free Speech TV. Professor Wolff enjoys french cuisine and lives in New York City with his wife, Dr. Harriet Fraad. They have two adult children.
Over the last twenty-five years, in collaboration with his colleague, Stephen Resnick, he has developed a new approach to political economy. While it retains and systematically elaborates the Marxist notion of class as surplus labor, it rejects the economic determinism typical of most schools of economics and usually associated with Marxism as well. This new approach appears in several books co-authored by Resnick and Wolff and numerous articles by them separately and together. Common to all of Professor Wolff’s work are two central components. The first is the introduction of class, in its elaborated surplus labor definition, as a new "entry point" of social analysis. The second is the concept of overdetermination as the logic of an analytic project that is consistently non-determinist.
Want to sneak into Dr. Wolff's economics class? Then check out this amazing collection of his class lectures. Want to check out Dr. Wolff and his partners' collection of podcasts? Head over here. Books by Dr. Wolff The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself (2020) Understanding Socialism (2019) Understanding Marxism (2018) Capitalism's Crisis Deepens: Essays on the Global Economic Meltdown (2016) Democracy at Work: A Cure for Capitalism (2012) Occupy the Economy: Challenging Capitalism (2012) Contending Economic Theories: Neoclassical, Keynesian, and Marxian (2012) Capitalism Hits the Fan: The Global Economic Meltdown and What to Do About It (2009) New Departures in Marxian Theory (2006) Economics: Marxian versus Neoclassical (1987) Follow the podcast, drop a review, send feedback/questions or become a member of the HBC Community.
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Professor Richard Wolff went to Yale in the same class that Janet Yellen was. Yet he went outside the box of his higher classes of professorship, and that is why he has this correct understanding of what capitalism is by understanding Marx. Janet Yellon may sit on the throne at the Federal Reserve as all the others of the business world of economics.
Milton Friedman's economics trickled up to the top for the elites of oligarchy, not leaving a drop of water for the rest of us to taste. Thank you, Alan Greenspan and cronies.
In 2008, when the banks fell, Obama gave it back to the banksters, the ones that created the problem in the first place.
In the 70's Judge Warren of the Supreme court produced a little paper called the Warren Report which met with the Chamber of commerce, to undo what the New deal gave Americans, except for the Afro-American Americans.
What a slice of pie that became slowly as Americans kept voting one side and the baton going back and forth of greed with our poltiticans with their hands taking money. Most Americans did not understand what was going on.. Let's hope they are now.
In 2008, the Supreme Court ruled that corporations were people and money speech, more profit sharing for the boards of the CEO's and their shareholders. They did fix the derivatives problems. More dark money for those to place in our elections to buy control over what the capitalist want in every field of deceit.
When the government bails out the banks, that is socialism for the wealthy and capitalism for the poor.
Look at us now in 2024.
I have learned most all of this from reading books of history and philosophy, religious divisions since 8000 before and Christ .
I honor you for intelligence and I thank you, Professor Wolff, for your books and enlightening the American people and teaching those who want to learn more. We are in big trouble. Wars for profits and the Pentagon and military contractors making huge profits.
What a blessing you are, Professor Richard and Professor Michael Hudson.
Yes, also Dr. Fraud , your dear wife and your daughter.
🫡💯 🎯
What a terrific comment.
9
This is the first time I've ever heard someone say it, I am living it, being a shock absorber...WOW.
the capital - written by Karl Marx.
Thanks
You're never to old to become a sucker. Enjoy Eutopia! Don't mind the hundreds of millions of deaths.
Wolff in 30 minutes gives a brilliant succinct overview of capitalist history. A tour de force presentation 👏👏👏👏
Amazing conversation.
Thank you Dr Wolff for a very interesting and enlightening talk
Like RandyWhsley’s comment below mine…Wow!!!!! ✌🏾to Dr. Wolf from another shock absorber. And I’m glad to have discovered this station .
Thank you Richard Wolff for your enlightening contribution to our society😊cz
Terrific conversation one of the best I’ve heard from prof wolf thank you
I would love to see Dr Wolff and Dr Gerald Horne in conversation…
Great program
Your BEST work yet, RW!!! Very helpful!!
Too good..to blend faith economic, and how they role in shaping destiny.
I don't have an hour and a half to listen to this in one sitting, so I'll have to cobble some time for its entirety which I find, thus far, very interesting.
My wife and I were invited to attend a meeting of the Humanists. Long story short, after listening to a lecture and debate on what religion was or was not, I proposed a future topic for discussion whether capitalism was a religion.
We were not invited back.
Capitalism is a religion.
It's more of a cult than a religion.
Capitalists worship a very bloodthirsty god they call Profit, and they provide it with previously unheard of amounts of blood sacrifices. The blood, most obviously tends to come from brown people on the other side of the world, easier to sweep under the carpet. However, every proletariat pays with blood in a more subtle way, only one or two drops per hour, but over time the tax accumulates.
@@michaelmappin1830no, socialism is a religion.
@@NinthSettlerderanged nonsense
When was this recording made? Thanks.
He didn’t reference the Ukraine conflict in his list of wars.
Thank you for sharing; I must say; as feedback; the background music in the beginning when Mr Wolff starts talking; is very distracting.
Great talk. This should be available in writing!
It is, via Prof. Wolff's extensive writings, many of which are available online.
In the 80s I became unemployed when unemployment was one million here in the UK and remained so until it returned to that figure after rising to three million, when I retired twenty five years later both jobs wanted me to carry on.
Excelent interview.
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Beautiiiiifulll🎉! ❤🙏🙏🙏🙏
All religions take on aspects of the economic system and reflect those aspects. In order to understand Christianity we need to understand capitalism in order to understand capitalism studying Marx is essential.
Think about how feudalism informed Christianity before capitalism. If I were to study medieval Christianity I would need to study feudalism through a lens of critique.
El cristianismo católico tiene su propia doctrina económica, la doctrina social. El liberalismo es opuesto al cristianismo y el capitalismo también. Un saludo
So the prof always wondered why some people are poor and others Rich Its so simple some people are lazy and others are diligent and hardworking who apply themselves daily to their field of study like Steven Jobs Bill Gates They have virtually changed the world by their ingenuity and inventions and deserve every dollar of their millions
You honestly think a hospital CEO works harder or more intelligently or more diligently than a doctor or nurse? You think bezos works harder than a warehouse worker? You've either never worked a real job or you loooooove the taste of boot leather. Or you just are a capitalist. In any case, a sad joke of a person, regurgitating what you've been told to believe. Good luck friend, you're gonna need it where you're going.
@@trentwolfgram9571try learning what value means dumbnuts
Sarcasm? It's so hard to tell these days 😅
👍💐🙏
Professor Richard Wolff never lived in socialism/ communism.
Never never never never never ever Marx - and likemind - knew it in Rumania. Marx means absolute capitalism - own both material goods and people. Never never again!
RACE IS A CLASS IN AMERICA!
The professor can explain complex concepts clearly. Real diamond 💎
He makes up a bunch of nonsense and tells fairy tales. When it comes to actual history and economics all he has are lies.
Wolff lays out the history of economic thought and its critics in as clear and succinct a manner as anyone possibly could. A BA in economics in one hour and . . . for free!
Wolff is entirely illiterate on economics and entirely wrong
Dr Richard Wolff is an amazing professor and socialist. Is this channel Christian socialist?! If so, I'm quite happy then! It's so difficult to find Christians who are also socialists!
He is a lying buffoon
"The price of everything in the end is decided by the toil and trouble needed to produce it," is the exact reason why drug prohibition is counter priductive!
BEFORE INVADE iraq Ohio university Stundent Raised quistion from forinminsterln If the nabours are not concern biological and chemical weapns we should be either Answer We are indispencebel nation
The host needs to learn to pronounce Manard Keynes name.
Marx didn't address problems of capitalism today. He is a philosopher, not an economist and therefore he never understood the reality of economy. He is a sociologist, therefore he understood the social class, and the ideology, the historical theories. Despite of all he didn't understand "money", nor capital, as Keynes did later. As said Keynes, he the problem of the demand only "survived" under the mantel of Marx, etc.. so he didn't see this main problem of capitalism, he thought that the competition between capitalists would always adsorb the whole gain and investment, (and so create enough demand...). So there is no banking theory, nor theory about the liquidity, about saving theory, etc.
Marx was also a basically a trust fund kid who did nothing but write and ask his friends for money his whole life.
Just like Wolff, he wasn't working class.
Good critiques of Capitalism are important but these Marxists are basically religious zealots. They just call their religion an ideology instead.
Keynes didn’t understand the economic theory of rent either
Actually he did
There's still economics even without money or private property.
Marx acertó en todas sus predicciones y en la única que se equivocó fue en pensar que las clases sociales obreras se unirían por encima de las naciones. Un saludo.
god is dead #BlackJesus Lives
Boring introduction.
extremely dangerous choice, a life that put aside your passion in order to be safe. 💯