Richard Wolff

His dissertation, "Economic Aspects of British Colonialism in Kenya, 1895–1930", was eventually published in book form in 1974.

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.

Wolff has also taught economics at Yale University, City University of New York, University of Utah, University of Paris I (Sorbonne), and The Brecht Forum in New York City.

Wolff earned a Bachelor of Arts, magna cum laude, in history from Harvard College in 1963 and moved on to Stanford University, where he attained a Master of Arts in economics in 1964, to study with Paul A. Baran.

Baran died prematurely from a heart attack in 1964 and Wolff transferred to Yale University, where he received a second master's degree in economics in 1966, a Master of Arts in history in 1967, and a Doctor of Philosophy in economics in 1969.

As a graduate student at Yale, Wolff worked as an instructor.

Wolff taught at the City College of New York from 1969 to 1973.

Here he started his lifelong collaboration with fellow economist Stephen Resnick, who arrived in 1971 after being denied tenure at Yale for signing an anti-war petition.

Both would then be part, along with Samuel Bowles, Herbert Gintis, and Rick Edwards, of the "radical package" that was hired in 1973 by the Economics Department at the University of Massachusetts Amherst, where Wolff has been full professor since 1981.

A founding member of the Green Party of New Haven, Connecticut, Wolff was the party's mayoral candidate in 1985.

In 1988 Wolff co-founded the journal Rethinking Marxism.

In 1989, Wolff joined efforts with a group of colleagues, ex- and then current students to launch Rethinking Marxism, an academic journal that aims to create a platform for rethinking and developing Marxian concepts and theories within economics as well as other fields of social inquiry.

For more than two decades, he served as a member of the editorial board of the journal.

Currently, he continues to serve as a member of the advisory board of the journal.

Wolff was a visiting professor in spring 1994 at University of Paris 1 Pantheon-Sorbonne.

Wolff continues to teach graduate seminars and undergraduate courses and direct dissertation research in economics at the University of Massachusetts Amherst and, most recently, in the graduate program in international affairs (GPIA) at The New School.

Wolff retired in 2008 but remains professor emeritus and that year joined The New School as a visiting professor.

The first co-authored academic publication by Wolff and Resnick was "The Theory of Transitional Conjunctures and the Transition from Feudalism to Capitalism," which laid out the pillars of the framework that they have worked on ever since.

They formulated a non-determinist, class-analytical approach for understanding the debates regarding the transition from feudalism to capitalism.

Their topics have included Marxian theory and value analysis, overdetermination, radical economics, international trade, business cycles, social formations, the Soviet Union, and comparing and contrasting Marxian and non-Marxian economic theories.

Wolff's work with Resnick took Louis Althusser and Étienne Balibar's Reading Capital as its point of departure and developed a subtle reading of Karl Marx's Capital Volumes II and III in their influential Knowledge and Class.

For the authors, Marxian class analysis entails the detailed study of the conditions of existences of concrete forms of performance, appropriation, and distribution of surplus labor.

While there could be an infinite number of forms of surplus appropriation, the Marxist canon refers to ancient (independent), slave, feudal, capitalist, and communist class processes.

Wolff, especially since 2008, gives many public lectures throughout the United States and other countries.

In 2010 he published Capitalism Hits the Fan: The Global Economic Meltdown and What to Do About It, also released on DVD.

In 2011, he called for the establishment of a broad-based left-wing mass party in the United States.

In 2012 he released three new books: Occupy the Economy: Challenging Capitalism, with David Barsamian (San Francisco: City Lights Books), Contending Economic Theories: Neoclassical, Keynesian, and Marxian, with Stephen Resnick, and Democracy at Work (Chicago: Haymarket Books).

In 2019 he released his book Understanding Marxism.

Wolff hosts the weekly 30-minute-long program, Economic Update, which is produced by the non-profit Democracy at Work, which he co-founded.

Economic Update is on YouTube, FreeSpeech TV, WBAI-FM in New York City (Pacifica Radio), CUNY TV (WNYE-DT3), and available as a podcast.

Wolff is featured regularly in television, print, and internet media.

The New York Times Magazine has named him "America's most prominent Marxist economist".

Wolff lives in Manhattan with his wife and frequent collaborator, Harriet Fraad, a practicing psychotherapist.

To escape Nazism, Wolff's parents emigrated from Europe to the United States during World War II.

His father, a French lawyer working until that point in Cologne, Germany, gained employment as a steelworker in Youngstown, Ohio (in part because his European certification was not recognized in the United States), and the family eventually settled in New Rochelle, New York, just outside New York City.

His mother was a German citizen.

Wolff's father was acquainted with Max Horkheimer.

Wolff states that his European background influenced his worldview:

"'[E]verything you expect about how the world works probably will be changed in your life, that unexpected things happen, often tragic things happen, and being flexible, being aware of a whole range of different things that happen in the world, is not just a good idea as a thinking person, but it's crucial to your survival. So, for me, I grew up convinced that understanding the political and economic environment I lived in was an urgent matter that had to be done, and made me a little different from many of my fellow kids in school who didn't have that sense of the urgency of understanding how the world worked to be able to navigate an unstable and often dangerous world. That was a very important lesson for me.'"