Audio: Economics

Professor 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. He also teaches classes regularly at the Brecht Forum in Manhattan. 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).

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. Professor Wolff was also among the founders in 1988 of the new academic association, Association of Economic and Social Analysis (AESA), and its quarterly journal Rethinking Marxism.
Since 2005, Professor Wolff has written many shorter analytical pieces focused chiefly although not only on the emerging and then exploding global capitalist crisis. He regularly published such shorter analytical pieces on the website of the Monthly Review magazine and occasionally in many other publications, both print and electronic. The wide circulation of the shorter pieces coupled with the deepening crisis brought many invitations to present work in public forums.
Further Resources:
Richard D. Wolff’s Website

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