- published: 17 Feb 2011
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Marxian economics or the Marxian school of economics refers to a school of economic thought tracing its foundations to the critique of classical political economy first expounded upon by Karl Marx and Friedrich Engels. Marxian economics refers to several different theories and includes multiple schools of thought which are sometimes opposed to each other, and in many cases Marxian analysis is used to complement or supplement other economic approaches. Because one does not necessarily have to be politically Marxist to be economically Marxian, the two adjectives coexist in usage rather than being synonymous. They share a semantic field while also allowing connotative and denotative differences.
Marxian economics concerns itself variously with the analysis of crisis in capitalism, the role and distribution of the surplus product and surplus value in various types of economic systems, the nature and origin of economic value, the impact of class and class struggle on economic and political processes, and the process of economic evolution.
Karl Marx (/mɑːrks/;German pronunciation: [ˈkaɐ̯l ˈmaɐ̯ks]; 5 May 1818 – 14 March 1883) was a philosopher, economist, sociologist, journalist and revolutionary socialist. Born in Prussia (now Rhineland-Palatinate), he later became stateless and spent much of his life in London. Marx's work in economics laid the basis for much of the current understanding of labour and its relation to capital, and subsequent economic thought. He published numerous books during his lifetime, the most notable being The Communist Manifesto (1848) and Das Kapital (1867–1894).
Born into a wealthy middle-class family in Trier in the Prussian Rhineland, Marx studied at the universities of Bonn and Berlin where he became interested in the philosophical ideas of the Young Hegelians. After his studies he wrote for the Rheinische Zeitung, a radical newspaper in Cologne, and began to work out the theory of the materialist conception of history. He moved to Paris in 1843, where he began writing for other radical newspapers and met Friedrich Engels, who would become his lifelong friend and collaborator. In 1849 he was exiled and moved to London together with his wife and children, where he continued writing and formulating his theories about social and economic activity. He also campaigned for socialism and became a significant figure in the International Workingmen's Association.
This four part 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). The goal is to enable students to apply Marxian economics in their own efforts to analyze society and to strategize politically today. This course was taught in the Spring of 2009 at the Brecht Forum in New York, NY. Full Video: http://blip.tv/file/2676694/ Professor Wolff's RSS Feed: http://rdwolff.blip.tv/rss/flash Pro...
Professor Richard D. Wolff. is one of the world's leading Marxian economists and is a professor of economics emeritus at the University of Massachusetts, where he taught from 1973 to 2008. He is also currently currently a Visiting Professor in the Graduate Program in International Affairs of the New School University in New York. He is also a founding member of the Green Party of New Haven Connecticut, is the host of Economic Update, at WBAI in New York City, and has co-authored 13 books, most recently "Democracy at Work: A Cure for Capitalism" in 2012. Do we have true capitalism? What exactly is Marxism, and why does it exist? Most Americans have a knee-jerk reaction against Marxism, but is it fully justified to not even speak of it? What political histories and structures are compatibl...
Andrew Mazzone interviews Richard D. Wolff, called “America's most prominent Marxist economist” by New York Times Magazine. Wolff analyzes the economy of the U.S.A. from a Marxist perspective. He believes that Capitalism and Russian Communism, which he calls ‘State Capitalism’, are both fatally flawed. The issue is that the elites rig Capitalism for an inevitable unequal distribution of wealth, creating unsold products, resultant from production power exceeding the purchasing power of the bulk of society. Credit is then created to fill the gap until the credit cannot be repaid. The system collapses, and the elite cause the victims of the collapse to be taxed en masse, to reset the system for another round. Wolff’s solution is to circumvent the process by causing productive corporation...
A short explanation of why the world economy is in a mess, from Karl Marx. Read by me, Cliff Bowman.
This presentation looks at the basic idea of Marxism, specifically the conflict between the different classes in society.
Masters of Money is a 2012 British documentary series produced by the BBC. It is presented by economist Stephanie Flanders, who was then the BBC economics editor. The Open University worked in partnership with the BBC to produce the series. The series explores the lives of John Maynard Keynes, Friedrich Hayek, and Karl Marx, and their influence on modern economics. Keynes is known for Keynesian economics and as an early pioneer of macroeconomics, Hayek is part of the Austrian School of economics, and Marx is known for Communism and the theories that are collectively called Marxism. Flanders speculates how each would have reacted to the Great Recession, and what they would have proposed to resolve it. The series consists of three episodes, each an hour long. The first episode, Keynes, pre...
Part 2 http://www.youtube.com/watch?v=iEDniCBl4kE Ben Fine from SOAS University explains the fundamental ideas of Marxist Economics as a part of lecture series "What you won't learn in an economics degree: an introduction to heterodox economics". The lecture was hosted by Post-Crash Economics Society Manchester and Manchester's Political Economy Institute. To watch the videos of the previous lectures go to http://www.post-crasheconomics.com/events-2/what-you-wont-learn-in-economics/ Join our facebook group at https://www.facebook.com/groups/220428964756799/?fref=ts
In this extended interview with Richard Wolff, he discusses how his parents fled Hitler and immigrated to the United States from Germany during World War II, and their influence on his worldview. Visit Professor Wolff's websites: http://rdwolff.com http://www.democracyatwork.info http://www.youtube.com/user/RichardDWolff
Highlights Karl Marx economic theory and weaknesses of Capitalism
The Leninist Conjuncture Speaker: Prof. Prabhat Patnaik, Marxist economist. The conjuncture theorized by Lenin and underlying the October Revolution lasted roughly from 1914 to 1945. The post-war period saw a shift in this conjuncture. The second lecture in the series looks into the reasons for this shift and its impact on the Communist Movement.
♥ Richard D Wolff Channel Launched To Watch Many New Video About The Global Economy Update, Global Capitalism Hits The Fan. ► DOLLAR $ Collapse Today US Economics Update 2016 Bill Moyers interviews Richard Wolff About RD Wolff Channel ►►SUBSCRIBE ME :https://goo.gl/bmlxsF ►https://goo.gl/DufWYa * Twitter https://twitter.com/profwolff Richard David Wolff (born April 1, 1942) is an American Marxian economist, well known for his work on Marxian economics, economic methodology, and class analysis. Richard D Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst, and currently a Visiting Professor in the Graduate Program in International Affairs of the New School University in New York. Wolff has also taught economics at Yale University, City University of New York, Uni...
♥ Richard D Wolff Channel Launched To Watch Many New Video About The Global Economy Update, Global Capitalism Hits The Fan. ► Global Capitalism UPDATE Cenk Uygur Economist Professor Richard D Wolff 2016 An Evening About RD Wolff Channel ►►SUBSCRIBE ME :https://goo.gl/bmlxsF ►https://goo.gl/DufWYa * Twitter https://twitter.com/profwolff Richard David Wolff (born April 1, 1942) is an American Marxian economist, well known for his work on Marxian economics, economic methodology, and class analysis. Richard D Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst, and currently a Visiting Professor in the Graduate Program in International Affairs of the New School University in New York. Wolff has also taught economics at Yale University, City University of New York, U...
♥ Richard D Wolff Channel Launched To Watch Many New Video About The Global Economy Update, Global Capitalism Hits The Fan. ► UPDATE Cenk Uygur Interview Economist Prof Richard D Wolff 2016 Capitalism June 2015 MonthlyUpdate About RD Wolff Channel ►►SUBSCRIBE ME :https://goo.gl/bmlxsF ►https://goo.gl/DufWYa * Twitter https://twitter.com/profwolff Richard David Wolff (born April 1, 1942) is an American Marxian economist, well known for his work on Marxian economics, economic methodology, and class analysis. Richard D Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst, and currently a Visiting Professor in the Graduate Program in International Affairs of the New School University in New York. Wolff has also taught economics at Yale University, City University of...
♥ Richard D Wolff Channel Launched To Watch Many New Video About The Global Economy Update, Global Capitalism Hits The Fan. ► UPDATE ! Cenk Uygur Interviews Economist Professor Richard D Wolff 2016 Marxian Economics vs Capitalism About RD Wolff Channel ►►SUBSCRIBE ME :https://goo.gl/bmlxsF ►https://goo.gl/DufWYa * Twitter https://twitter.com/profwolff Richard David Wolff (born April 1, 1942) is an American Marxian economist, well known for his work on Marxian economics, economic methodology, and class analysis. Richard D Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst, and currently a Visiting Professor in the Graduate Program in International Affairs of the New School University in New York. Wolff has also taught economics at Yale University, City Universit...
♥ Richard D Wolff Channel Launched To Watch Many New Video About The Global Economy Update, Global Capitalism Hits The Fan. ► Global Capitalism Economist Richard D Wolff in St Petesburg FL Nov 10, 2015 About RD Wolff Channel ►►SUBSCRIBE ME :https://goo.gl/bmlxsF ►https://goo.gl/DufWYa * Twitter https://twitter.com/profwolff Richard David Wolff (born April 1, 1942) is an American Marxian economist, well known for his work on Marxian economics, economic methodology, and class analysis. Richard D Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst, and currently a Visiting Professor in the Graduate Program in International Affairs of the New School University in New York. Wolff has also taught economics at Yale University, City University of New York, University of...
Professor Economist Richard D. Wolff 2016 This Week: Monthly Economic Update Marxian economics "Demands for Basic Economic Change Keep Growing" with Richard DWolff 2016 | Global Capitalism | Professor Economist Richard D. Wolff 2016 European Workers Distance from US Through Action ►►►FOLLOW US ON YOUTUBE TO BE VIEWED MORE VIDEO: https://goo.gl/UAUyLT Economic Professor Richard D. Wolff 2016 This Week Facebook: http://bit.ly/1qf6gp6 Professor Richard DWolff 2016 website: http://www.rdwolff.com Democracy at Work website: http://www.democracyatwork.info Economic Update Radio: http://www.democracyatwork.info/radio About Richard D. Wolff Richard D. Wolff (born April 1, 1942) is an American Marxist economist, well known for his work on Marxian economics, economic methodology, and class...
Professor Economist Richard D. Wolff 2016 This Week: Monthly Economic Update Marxian economics "Demands for Basic Economic Change Keep Growing" with Richard DWolff 2016 | Global Capitalism | Professor Economist Richard D. Wolff 2016 6 1of9 Richard D Wolff outraged over economy, Americans casually protest ►►►FOLLOW US ON YOUTUBE TO BE VIEWED MORE VIDEO: https://goo.gl/UAUyLT Economic Professor Richard D. Wolff 2016 This Week Facebook: http://bit.ly/1qf6gp6 Professor Richard DWolff 2016 website: http://www.rdwolff.com Democracy at Work website: http://www.democracyatwork.info Economic Update Radio: http://www.democracyatwork.info/radio About Richard D. Wolff Richard D. Wolff (born April 1, 1942) is an American Marxist economist, well known for his work on Marxian economics, econom...
♥ Richard D Wolff Channel Launched To Watch Many New Video About The Global Economy Update, Global Capitalism Hits The Fan. ► Richard D Wolff This Week 2016 Economy Update, “America's most prominent Marxist economist” About RD Wolff Channel ►►SUBSCRIBE ME :https://goo.gl/bmlxsF ►https://goo.gl/DufWYa * Twitter https://twitter.com/profwolff Richard David Wolff (born April 1, 1942) is an American Marxian economist, well known for his work on Marxian economics, economic methodology, and class analysis. Richard D Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst, and currently a Visiting Professor in the Graduate Program in International Affairs of the New School University in New York. Wolff has also taught economics at Yale University, City University of New Yor...
Professor Economist Richard D. Wolff 2016 This Week: Monthly Economic Update Marxian economics "Demands for Basic Economic Change Keep Growing" with Richard DWolff 2016 | Global Capitalism | Professor Economist Richard D. Wolff 2016 6 1of9 Richard D Wolff ►►►FOLLOW US ON YOUTUBE TO BE VIEWED MORE VIDEO: https://goo.gl/UAUyLT Economic Professor Richard D. Wolff 2016 This Week Facebook: http://bit.ly/1qf6gp6 Professor Richard DWolff 2016 website: http://www.rdwolff.com Democracy at Work website: http://www.democracyatwork.info Economic Update Radio: http://www.democracyatwork.info/radio About Richard D. Wolff Richard D. Wolff (born April 1, 1942) is an American Marxist economist, well known for his work on Marxian economics, economic methodology, and class analysis. Richard Wolff ...
Despite a concerted effort by the U.S. Empire to snuff out the ideology, a 2016 poll found young Americans have a much more favorable view of socialism than capitalism. Though he died 133 years ago, the analysis put forward by one of the world’s most influential thinkers, Karl Marx, remains extremely relevant today. The Empire’s recent rigged presidential election has been disrupted by the support of an avowed socialist, Bernie Sanders, by millions of voters. To find out why Marx’s popularity has stood the test of time, Abby Martin interviews renowned Marxist economist Richard Wolff, Professor Emeritus of Economics at UMass - Amherst, and visiting professor at the New School in New York. Prof. Wolff gives an introduction suited for both beginners and seasoned Marxists, with comprehens...
Professor Economist Richard D. Wolff 2016 This Week: Monthly Economic Update Marxian economics "Demands for Basic Economic Change Keep Growing" with Richard DWolff 2016 | Global Capitalism | Professor Economist Richard D. Wolff 2016 Full Very Funny ►►►FOLLOW US ON YOUTUBE TO BE VIEWED MORE VIDEO: https://goo.gl/UAUyLT Economic Professor Richard D. Wolff 2016 This Week Facebook: http://bit.ly/1qf6gp6 Professor Richard DWolff 2016 website: http://www.rdwolff.com Democracy at Work website: http://www.democracyatwork.info Economic Update Radio: http://www.democracyatwork.info/radio About Richard D. Wolff Richard D. Wolff (born April 1, 1942) is an American Marxist economist, well known for his work on Marxian economics, economic methodology, and class analysis. Richard Wolff is Profess...