Understanding Capitalism

Name: Understanding Capitalism
Price: 29.99 AUD
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ISBN: 9798888904602

Richard D. Wolff

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Paperback

Forthcoming
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English

haymarket books
01 April 2026

Social classes; Politics & government; Marxism & Communism; Socialism & left-of-centre democratic ideologies; Economic theory & philosophy; Economic systems & structures

Series: Democracy at Work

'Why does capitalism fail us?' Richard D. Wolff walks readers through this pressing question in a brilliant takedown of an economic system that benefits the few at the great expense of the many.

Understanding Capitalismexplores the different definitions of what capitalism is and is not, and dissolves the many myths that, Wolff argues, are designed to confuse and disorient us. Wolff doesn't simply identify the crises and harms manufactured by capitalism, he details a path forward by outlining alternative economic models that combat the exploitation and oppression inherent in capitalism.

Capitalism oftentimes feels as permanent as the sky above. Understanding Capitalism shows that our current economic system is only as strong as the ordinary people who enable its existence, and that capitalism's demise requires an organised, collective effort by those who can identify its vulnerabilities and limitations, but also understand that another world is indeed possible.

By: Richard D. Wolff
Imprint: haymarket books
Country of Publication: United States
Volume: 1
Dimensions: Height: 203mm, Width: 127mm,
ISBN: 9798888904602
Series: Democracy at Work
Pages: 248
Publication Date: 01 April 2026
Audience: General/trade , ELT Advanced
Format: Paperback
Publisher's Status: Forthcoming

Richard D. Wolffis Professor of Economics Emeritus, University of Massachusetts, Amherst and a Visiting Professor at the New School University in New York. Wolff's recent work has concentrated on analysing the causes and alternative solutions to the global economic crisis. His groundbreaking bookDemocracy at Work: A Cure for Capitalisminspired the creation of Democracy at Work, a nonprofit organisation dedicated to showing why and how to make democratic workplaces real. Wolff hosts the weekly hour-long radio program Economic Update, which is syndicated on public radio stations nationwide, and he writes regularly forThe GuardianandTruthout. Wolff appears frequently on television and radio to discuss his work, with recent guest spots includingReal Time with Bill Maher, with Chris Hayes on MSNBC, andDemocracy Now!He is also a frequent lecturer at colleges and universities across the country.

Reviews for Understanding Capitalism

""Probably America's most prominent Marxist economist."" --New York Times Magazine ""Richard Wolff is the leading socialist economist in the country. This book is required reading for anyone concerned about a fundamental transformation of the ailing capitalist economy."" --Cornel West ""Richard Wolff's constructive and innovative ideas suggest new and promising foundations for a much more authentic democracy and sustainable and equitable development, ideas that can be implemented directly and carried forward. A very valuable contribution in troubled times."" --Noam Chomsky