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Economic Update with Richard D. WolffAuthor: Democracy at Work, Richard D. Wolff
Economic Update with Richard D. Wolff is a weekly nationally syndicated program produced by Democracy at Work and hosted by Richard D. Wolff. The program explores complex economic issues and empowers listeners with information to analyze not only their own financial situation but the economy at large. Beyond focusing a critical eye on the economic dimensions of everyday life - wages, jobs, taxes, debts, interest rates, prices, and profits - the program also explores systemic solutions to our economy's problems including alternative ways to organize production and distribution of the goods and services we all depend on. Language: en Genres: Government, News, Politics Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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The Key Concept of 'Surplus' in Economics
Episode 47
Tuesday, 25 November, 2025
On today's episode of Economic Update, Professor Wolff delivers an introduction to the key economic concept of "the surplus." He explains economic structures as ways of organizing the production and social distribution of the surplus. Then he briefly applies this concept to the economies of slavery and feudalism before focusing on the role of the surplus in capitalism. Finally, we use the surplus to delineate the ways alternative post-capitalist systems, such as socialism or communism, distribute it. The d@w Team Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. production. We make it a point to provide the show free of ads and rely on viewer support to continue doing so. You can support our work by joining our Patreon community: https://www.patreon.com/democracyatwork Or you can go to our website: https://www.democracyatwork.info/donate Every donation counts and helps us provide a larger audience with the information they need to better understand the events around the world they can't get anywhere else. We want to thank our devoted community of supporters who help make this show and others we produce possible each week. We kindly ask you to also support the work we do by encouraging others to subscribe to our YouTube channel and website: www.democracyatwork.info
