Understanding Marxism is a small book, written by Richard D. Wolff in collaboration with the staff of Democracy at Work, a 501c(3) non-profit founded by Wolff.
There are rising demands for accessible introductions to Marxism and to the social changes it suggests. This essay responds to that interest. It seeks to provide bases for real solutions now that the flaws and failures of contemporary capitalism are exposed again, and again. 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.
Richard D. Wolff is Professor Emeritus of Economics at the University of Massachusetts, Amherst where he taught economics from 1973 to 2008. He is currently a Visiting Professor in the Graduate Program in International Affairs of the New School University, New York City.