so in 1812 he moves to amherst. there's the war of 1812 and the economy is tanking, and webster is making money from the speller, but he wants to cut his expenses because the dictionary is taking longer, and then he says he is back to search. in 1821, he is on to h. now a little bit about his method. the new york public library has the dictionary he worked on. has his 1799 copy of samuel johnson's dictionary. you can see his annotations. samuel johnson loved shakespeare and is constantly quoting shakespeare. webster buts little black marks next to shakes spear. when webster was a student, students were penalized for attending a play or performing a play, and webster really hates shakespeare, and he rarely quotes shakespeare, but in his 1828 dictionary, he blames shakespeare for the dirty words. so there's a word, and web still with just right shak, shack, as if shakespeare invented it. the 1799 johnson is his base. there's one-third of the definitions he takes from johnson and also adding material. and webster read

methodology and class analysis he's professor of economics emeritus at the university of massachusetts amherst and is currently a visiting professor in the graduate program of international affairs at the new school university in new york city his latest book is capitalism hits the fan a global economic meltdown and what to do about it i'm pleased to welcome from our studios in new york city dr richard wolfe richard wrangham. thank you very much. eet let's define some terms first of all i am continually astounded on the radio program that i do during the day by the number of people who call or who are obviously. just basic working people who identify themselves as capitals it's what in your in your. business as well as an economist what is the real definition of a capitalist and of capitalism. well capitalism is a system in which we basically organize the production of all the goods and services that people depend on in the following way a small group of people who have a lot of money cut a deal with a lot of people who don't and the deal is i will pay you a wage and a salary if you come to wo

he founds amherst college. he would make a good policy person on a cable tv news show talking about the evils of the administration. in 1820, he wants to establish yale, massachusetts because he is a congregational list and there is a religious war between the congregation and boston. so he says a college is needed to check the progress of errors so there can be progress in areas which are propagated in a cambridge. he doesn't like harvard. he writes a fund-raising letter and becomes president of the board of trustees and the original plan is to steal williams college. williams college is having a lot of financial problems. $3,000 from the endowment, they are in trouble and williams protects himself. it found the first alumni association, they end up selling the williams president and a quarter of the students and webster preside over the induction of the president on september 18th, 1821, and he is very proud of this achievement. this is a phrase from his memoir written the third person. think of the education

i have a 19-year-old girl, who goes--is a freshman at amherst, and i have an--a 16-year-old son, who is a--who takes exception when i refer to him as being a bohemian, but he's a wonderfully, worldly, sensitive guy. c-span: either one of them going into your business? >> guest: i don't know. you know, i'm rather struck by how many children of journalists or broadcasters end up going into the business. my instinct is to say i rather hope not because the business has changed so much. when i was a young reporter and going off to egypt, for example, they'd say, 'go do a thing on egypt.' and you could, you know, go up and down the nile for two or three days, talk to local politicians, have a couple of good meals, take your time and file from egypt. the cnn-ization of the world, not to mention what the rest of us have had to respond to in technological terms, means you're in cairo today and calcutta tomorrow and that's very hard. so i'm not sure i want them to live a life which da--wouldn't give them the leisure of learning as much as they could about the local culture. c-span: as we go th

amherst, massachusetts. normal on the independent line. what would you like to hear from the president regarding the middle east? caller: what i would like to see the president bring up, what i would like to see him do is stop the double standard. coming down on syria and yet yemen and bahrain are doing much worse. in bahrain, 56% of the people are slaves from india. that is what the u.s. fleet is defending, this slavery regime. not only that, 85% of the people who are not slaves are shiite muslims who have no rights, a protest of for the rights. shooting them, torturing them with tear gas. and the doctors who treat these people are then being persecuted and prosecuted. i would like to see the obama administration end of this double standard. host: dallas. denise on the democrats' line. caller: good morning. i wanted to make sure that -- i want to let the president know i am proud of him and i will be voting for him again. hello? ok, thank you, peter. could you please set up a democratic only line like you always do republicans when we are

host: amherst, ohio. the key is 61. -- vicki is 61. caller: my comment is why doesn't medicare contract and negotiate for medications the way the be a does? one of the largest cause affiliated with medicare is people's medications. here under the bush administration they took that ability completely away. the veterans have it. the people in medicare did not. they are buying medications instead of buying in bulk where they have the ability to negotiate. that just does not make sense. my second comment regarding health care reform is that if every politician had the same coverage our seniors have, maybe they would be a little more attentive to the cost affiliated with that. host: appreciate your call. .hank you appeared i yesterday it was the day the federal government officially hit the debt limit. nancy pelosi was on cnbc asking about the debt problems. here is the question and answer about medicare. >> one of the first things we should do is reverse the medicare giveaway to the prescription drug industry that was done in the bush year

amherst, massachusetts. normal on the independent line. what would you like to hear from the president regarding the middle east? caller: what i would like to see the president bring up, what i would like to see him do is stop the double standard. coming down on syria and yet men and bahrain are doing much worse. in bahrain, 56% of the people are slaves from india. that is what the u.s. fleet is defending, this slavery regime. not only that, 85% of the people who are not slaves are shiite muslims who have no rights, a protest of for the rights. shoong them, torturing them with tear gas. and the doctors who treat these people are then being persecuted and prosecuted. i would like to see t obama administration end of this double standard. host: dallas. denise on the democrats' line. caller: good morning. i wanted to make sure that -- i want to let the president know i am proud of him and i will be voting for him again. hello? ok, thank you, peter. could you please set up a democratic only line like you always do republicans when we are taugh