Ask Prof Wolff: Transitions Between Economic Systems

A Patron of Economic Update asks: "You often mention the fact that capitalism had largely the time to experiment by trial and error until it finally succeeded in replacing the feudal system. The purpose is to substantiate that assertion that is often used in your monologues and discussions with the fan club of capitalism. Can you bring up those examples? Can you point to the early failures and successes to illustrate the trial and error process? Are there books with those examples shown systematically?"

This is Professor Richard Wolff's video response.

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References:

Medieval Cities by Henri Pirenne: https://press.princeton.edu/books
Sweezy vs Dobbs Debate: https://classes.matthewjbrown.net/teaching-files/marx
Past & Present Journal: https://pastandpresent.org.uk/publications/
The Origin of Capitalism by Ellen Meiksins Wood: https://www.versobooks.com/books


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