Ask Prof Wolff: How Marx Defines Capital and Why It Matters

A Patron of Economic Update asks: "Do you think that it might be worthwhile disambiguating the differences (and general confusion) among assets, capital, and capitalism as defined by Thomas Picketty in 'Capitalism in the 21st Century' vs Marx?"

This is Professor Richard Wolff's video response.

Submit your own question to be considered for a video response by Prof. Wolff on Patreon:   / community  .

Ask Prof Wolff is a ‪@democracyatwrk‬ production. We are committed to providing these videos to you free of ads. Please consider supporting us on Patreon.com/economicupdate. Become a part of the growing Patreon community and gain access to exclusive patron-only content, along with the ability to ask Prof. Wolff questions like this one! Your support also helps keep this content free to the public. Spreading Prof. Wolff's message is more important than ever. Help us continue to make this possible.
_________________________________________________________________________
Check out the NEW 2021 Hardcover edition of “Understanding Marxism,” with a new, lengthy introduction by Richard Wolff! Visit: https://www.lulu.com/en/us/shop/richa...

“Marxism always was the critical shadow of capitalism. Their interactions changed them both. Now Marxism is once again stepping into the light as capitalism shakes from its own excesses and confronts decline.”

Check out all of d@w’s books: "The Sickness is the System," "Understanding Socialism," by Richard D. Wolff, and “Stuck Nation” by Bob Hennelly at http://www.lulu.com/spotlight/democra...
_________________________________________________________________________
Follow Wolff ONLINE:
Web: http://www.rdwolff.com
Patreon:   / economicupdate  
Twitter:   / profwolff  
  / democracyatwrk  
Facebook:   / economicupdate  
  / richarddwolff  
  / democracyatwrk  
Daily Motion: https://www.dailymotion.com/democracy...
Subscribe to the EU podcast: http://economicupdate.libsyn.com
Shop our worker CO-OP made MERCH: https://democracy-at-work-shop.myshop...