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	Podcast:		KPFA - Economic Update
	Episode:		The Key Concept of ‘Surplus’ in Economics
	Category:		News & Politics
	Duration:		00:29:58
	Publish Date:		2025-11-28 10:00:00
	Description:		On today’s episode of Economic Update, Professor Wolff delivers an introduction to the key economic concept of “the surplus.” He explains economic structures as ways of organizing the production and social distribution of the surplus. Then he briefly applies this concept to the economies of slavery and feudalism before focusing on the role of the surplus in capitalism. Finally, we use the surplus to delineate the ways alternative post-capitalist systems, such as socialism or communism, distribute it. Economics Professor Richard D. Wolff and guests discuss the current state of the economy, locally and globally. The program explores alternative ways to organize, markets, and government policies. The post The Key Concept of ‘Surplus’ in Economics appeared first on KPFA.
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