AskProfWolff: Basic Marxian Economics: Challenges and Questions

A patron of Economic Update asks: "What's the Marxist response to the marginal revolution? And, do you think Dr. Baetjer is right when he says that the employer “earns” the profit by correctly judging how to combine scare resources, given that he'll make a loss if he makes an incorrect judgement."


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Learn more about Prof Wolff's new book, The System is the Sickness: When Capitalism Fails to Save Us from Pandemics or Itself, available now at www.democracyatwork.info/books.


"Richard Wolff in his new book examines frightening and anti-democratic configurations of corporate power, offering not only a blueprint for how we got here, but a plan for how we will rescue ourselves and create new models of economic and political justice.” - Chris Hedges

 


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