Upstream

In our inaugural episode on Marx’s Capital, we took a deep dive into Capital Vol. 1, the first of three volumes on political economy written by Karl Marx in the late 19th century. Capital Vol. 1, though, is just the beginning—and unfortunately most people stop there. But Vol. 1 really just looks at one aspect of capitalism—how surplus value is produced. It doesn’t dive into the entire circulation process—or what we refer to as the circuits of capital. Vol. 2 provides the full picture of how capitalism functions—and we’ve brought on two terrific guests to help us make sense of it all.   Richard Wolff is an economist, Professor Emeritus of Economics at the University of Massachusetts Amherst, currently a Visiting Professor in the Graduate Program in International Affairs of the New School in New York, host of the Economic Update and The Dialectic at Work podcasts, and founder of Democracy at Work.  Shahram Azhar is a political economicst, musician, Associate Professor of Economics at Bucknell University and hos