Books by Richard D. Wolff
Understanding Marxism
Why should we pay attention to the great social critics like Marx? Americans, especially now, confront serious questions and evidences that our capitalist system is in trouble. It clearly serves the 1% far, far better than what it is doing to the vast mass of the people. Marx was a social critic for whom capitalism was not the end of human history. It was just the latest phase and badly needed the transition to something better. We offer this essay now because of the power and usefulness today of Marx’s criticism of the capitalist economic system. eBook: https://bit.ly/2K6iI8v
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Understanding Socialism
A blend of history, analysis, and theory, "Understanding Socialism" is an honest and approachable text that knocks down false narratives, confronts failures and challenges of various socialist experiments throughout history, and offers a path to a new socialism based on workplace democracy. "Richard Wolff's book is the best accessible and reliable treatment we have of what socialism is, was, and should be.” - Cornel West “In the same accessible style that has made his programs and lectures such a hit, he explains his subject in a way that's not only smart, but makes the rest of us feel smart. It's actionable intelligence for the every person.” - Laura Flanders “Lucid, brilliant and uncompromising in his dissection of the capitalist system he also provides a sane and just socialist alternative to capitalist exploitation, one we must all fight to achieve.” - Chris Hedges
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The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself
The coronavirus pandemic, the deepening economic crash, dangerously divisive political responses, and exploding social tensions have thrown an already declining American capitalist system into a tailspin. The consequences of these mounting and intertwined crises will shape our future. In this unique collection of over 50 essays, "The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself," Richard D. Wolff argues clearly that "returning to normal" no longer responds adequately to the accumulated problems of US capitalism. What is necessary, instead, is transition toward a new economic system that works for all of us. “A blueprint for how we got here, and a plan for how we will rescue ourselves” - Chris Hedges “A magnificent source of hope and insight.” - Yanis Varoufakis “In this compelling set of essays, and with his signature clarity, intensity, accessibility and deference to historical and present perspective, Wolff has issued not just a stark warning, but concrete reasoning, as to why this time really should be different.” - Nomi Prins “One of the most powerful and incisive voices in America. As an economist he transcends that “dismal science”, he is a tribune of Main St, a voice of the people.” - George Galloway “Wolff clearly explains the ways that capitalism exacerbates unemployment, inequality, racism, and patriarchy; and threatens the health and safety of workers and communities - i.e., most of us.” - Jessica Gordon-Nembhard, Ph.D. “If you care about deeper measures of social health as Americans suffer the worst economic crisis since the Great Depression, you will find here a wealth of insight, statistics, and other ammunition that we all need in the fight for a more just society.” - Adam Hochschild “The current failed system has a noose around all of our necks. Richard Wolff offers an economic vision that gets our society off the gallows.” - Jimmy Dore
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Knowledge and Class: A Marxian Critique of Political Economy
by Richard D. Wolff, Stephen A. Resnick
"This is a highly controversial and innovative work on Marxian theory. The book ranges from subtle theoretical analysis of the epistemological foundation of currently predominant Marxist interpretations, to the theory of the firm, and to a new interpretation of the State in market economies. Resnick and Wolff are rejecting economic determinism of kinds. Actually, they are rethinking Marxism." Claude Menard, University of Paris, Panthen-Sorbonne.
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Contending Economic Theories: Neoclassical, Keynesian, and Marxian (The MIT Press)
by Richard D. Wolff, Stephen A. Resnick
A systematic comparison of the three major economic theories, showing how they differ and why these differences matter in shaping economic theory and practice.
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Capitalism's Crisis Deepens: Essays on the Global Economic Meltdown
Praise for Richard Wolff and Democracy at Work:
"Richard Wolff's constructive and innovative ideas suggest new and promising foundations for much more authentic democracy and sustainable and equitable development, ideas that can be implemented directly and carried forward. A very valuable contribution in troubled times."—Noam Chomsky
"Richard Wolff is the leading socialist economist in the country. This book is required reading for anyone concerned about a fundamental transformation of the ailing capitalist economy!"—Cornel West
"Bold, thoughtful, transformative-a powerful and challenging vision that takes us beyond both corporate capitalism and state socialism. Richard Wolff at his best!"—Gar Alperovitz
While most mainstream commentators view the crisis that provoked the Great Recession as having passed, these essays from Richard Wolff paint a far less rosy picture. Drawing attention to the extreme downturn in most of capitalism's old centers, the unequal growth in its new centers, and the resurgence of a global speculative bubble, Wolff—in his uniquely accessible style—makes the case that the crisis should be grasped not as a passing moment, but as an evolving stage in capitalism's history.
Richard Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst, and a Visiting Professor at the New School in New York. Wolff's recent work has concentrated on analyzing the causes and alternative solutions to the global economic crisis. His groundbreaking book Democracy at Work: A Cure for Capitalism inspired the creation of Democracy at Work, a nonprofit organization dedicated to showing how and why to make democratic workplaces real.
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Democracy at Work: A Cure for Capitalism
"Richard Wolff is the leading socialist economist in the country. This book is required reading for anyone concerned about a fundamental transformation of the ailing capitalist economy."Cornel West
Richard Wolff’s constructive and innovative ideas suggest new and promising foundations for a much more authentic democracy and sustainable and equitable development, ideas that can be implemented directly and carried forward. A very valuable contribution in troubled times.”Noam Chomsky
"Probably America's most prominent Marxist economist."The New York Times
Capitalism as a system has spawned deepening economic crisis alongside its bought-and-paid-for political establishment. Neither serves the needs of our society. Whether it is secure, well-paid, and meaningful jobs or a sustainable relationship with the natural environment that we depend on, our society is not delivering the results people need and deserve.
One key cause for this intolerable state of affairs is the lack of genuine democracy in our economy as well as in our politics. The solution requires the institution of genuine economic democracy, starting with workers directing their own workplaces, as the basis for a genuine political democracy.
Here Richard D. Wolff lays out a hopeful and concrete vision of how to make that possible, addressing the many people who have concluded economic inequality and politics as usual can no longer be tolerated and are looking for a concrete program of action.
Richard D. Wolff is professor of economics emeritus at the University of Massachusetts, Amherst. He is currently a visiting professor at the New School for Social Research in New York. Wolff is the author of many books, including Capitalism Hits the Fan: The Global Economic Meltdown and What to Do About It. He hosts the weekly hour-long radio program Economic Update on WBAI (Pacifica Radio) and writes regularly for The Guardian, Truthout.org, and MRZine.
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Capitalism Hits the Fan The Global Economic Meltdown and What to Do About It
A BREATHTAKINGLY CLEAR ANALYSIS OF TODAY’S ONGOING ECONOMIC CRISIS In this updated edition of Capitalism Hits the Fan, Professor Wolff explains why capitalism's global crisis persists, why bank bailouts and austerity policies fail, and why deepening economic inequality now generates historic social tensions and conflicts and worsens the ongoing crisis. This book chronicles one economist’s growing alarm and insights as he watched, from 2005 onwards, the economic crisis build, burst, and then change the world. The argument here differs sharply from most other explanations offered by politicians, media commentators, and other academics. Step by step, Wolff shows that deep economic structures—the relationship of wages to profits, of workers to boards of directors, and of debts to income—account for the crisis. The book’s essays engage the long-overdue public discussion about capitalism as a system and about the basic structural changes needed not only to fix today’s broken economy but to prevent future crises.
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Occupy the Economy: Challenging Capitalism (City Lights Open Media)
by David Barsamian, Richard D. Wolff
Today’s economic crisis is capitalism’s worst since the Great Depression. Millions have lost their jobs, homes and healthcare while those who work watch their pensions, benefits and job security decline. As more and more are impacted by the crisis, the system continues to make the very wealthy even richer. In eye-opening interviews with prominent economist Richard Wolff, David Barsamian probes the root causes of the current economic crisis, its unjust social consequences, and what can and should be done to turn things around. While others blame corrupt bankers and unregulated speculators, the government, or even the poor who borrowed, the authors show that the causes of the crisis run much deeper. They reach back to the 1970s when the capitalist system itself shifted, ending the century-old pattern of rising wages for U.S. workers and thereby enabling the top 1% to become ultra-rich at the expense of the 99%. Since then, economic injustice has become chronic and further corrupted politics. The Occupy movement, by articulating deep indignation with the whole system, mobilizes huge numbers who seek basic change. Occupying the Economy not only clarifies and analyzes the crisis in U.S. capitalism today, it also points toward solutions that can shape a far better future for all.
Richard D. Wolff is professor emeritus of Economics at the University of Massachusetts, Amherst, and visiting professor at the New School University. Author of Capitalism Hits the Fan, he’s been a guest on NPR, Glenn Beck Show and Democracy Now!
David Barsamian is founder and director of Alternative Radio and author of Targeting Iran. He is best known for his interview books with Noam Chomsky, including Targeting Iran.
“With unerring coherence and unequaled breadth of knowledge, Rick Wolff offers a rich and much needed corrective to the views of mainstream economists and pundits.”—Stanley Aronowitz
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