As part of an ongoing oral history project Letters & Politics is undertaking, today we bring you the second part of our conversation with Richard Wolff. He explains Marx\u2019s comments on the promises of capitalism. We talk about Marx\u2019s criticisms, praise, and thoughts on the analyses of early economists, as well as the downturns of capitalism. Wolff also talks about the effect technical progress has on the development of capitalism and the losses of the workers versus the benefits of the employers.\n\xa0\nGuest: Richard Wolff is Professor of Economics Emeritus at University of Massachusetts, Amherst and a Visiting Professor at the New School University in New York. His recent work has concentrated on analyzing the causes and alternative solutions to the global economic crisis. His groundbreaking book Democracy at Work: A Cure for Capitalism inspired the creation of Democracy at Work, a nonprofit organization dedicated to showing how and why to make democratic workplaces real. He hosts the weekly hour-long radio program \u201cEconomic Update,\u201d which is syndicated on public radio stations nationwide. His latest book is Understanding Marxism focuses on why we should pay attention to the great social critics like Marx. Americans, especially now, confront serious questions and evidences that our capitalist system is in trouble.\nSupport your Radio station. Click here to pledge online\n\nBOOK: Understanding Marxism by Richard Wolff\xa0 $120\nMP3 CD Richard Wolff Collection\xa0 $100\nUSB Economic History Pack $150\n\n\n\xa0\nThe post Fund Drive Special \u2013 How Did I Learn About Marxism? (Part Two) appeared first on KPFA.