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Richard David Wolff (born April 1, 1942) is an American Marxian economist known for his work on economic methodology and class analysis. He is a professor emeritus of economics at the University of Massachusetts Amherst and a visiting professor in the graduate program in international affairs of the New School .
Paul Johnson's criticism of Marx has itself been subject to criticism by Marxian economist Richard D. Wolff. In his 1991 academic paper Wolff comments on the book Intellectuals and Johnson's passage describing Marx as type of scholar that is not in reality productive, drawing similarities to Talmudic studies (Jewish studies of the Talmud).
In 1894, Friedrich Engels did mention the research of the émigré socialist Georg Christian Stiebeling, who compared profit, income, capital and output data in the U.S. census reports of 1870 and 1880, but Engels claimed that Stiebeling explained the results "in a completely false way" (Stiebeling's defence against Engels's criticism included ...
Marx's theory of value differs from the classical view in his definition of labor. Marx separates it into two different types: concrete and abstract labor . [ 15 ] Concrete labor can be thought of as the unique characteristics of labor such as the work of a farmer versus a tailor.
Richard D. Wolff is a Marxian economist who is a proponent of workers self-directed enterprises. Economists active in the former Yugoslavia, including Czech-born Jaroslav Vaněk and Croat-born Branko Horvat , promoted a model of market socialism dubbed the Illyrian model, where firms were socially owned by their employees and structured around ...
Anarchist Robert Paul Wolff, despite identifying as a Marxist on economic matters, [18] nevertheless offers such a critique, saying "By reproducing for corn [grain] or iron or coal, all the striking results that Marx derived concerning for labor, we have, it seems to me, raised questions about the foundations of Marx's critique of capitalism ...
Richard Dreyfuss' controversial remarks at a "Jaws" screening in Massachusetts on Saturday have prompted the venue that hosted the event to apologize about the Oscar winner's "distressing and ...
The second theme is the criticism of Marx’s definition of the substance of value as social labour (abstract labour). The third theme is the neo-Ricardian critique of Marx, which claims to make Marx’s theory of the form of value redundant. The fourth theme is the Chartalist criticism of Marx’s theory of the money-form of value.