UCL Institute for Innovation and Public Purpose


Rethinking Capitalism

This module will provide students with a critical perspective on 'grand challenges' affecting Western Capitalism and introduce them to new approaches to economics and policy.


Credit: Chris Ison/PA

Capitalism is in crisis, ranging from the climate and ecological emergencies, to widening inequality and rising cost of living to financial instability.  This module will provide students with a critical perspective on these ‘grand challenges’ and introduce them to new approaches to economics and policy which challenge standard thinking. The module features globally leading economists and policy makers. Previous and current lecturers include Mariana Mazzucato, Ha Joon Change, Stephanie Kelton, Jayati Ghosh, Kate Raworth and Andy Haldane.

The module will help students develop their critical thinking to make the connections between economic theory and real-world policy issues. It will include a range of different economic perspectives, including Neoclassical, post-Keynesian, ecological, evolutionary, and Marxist and institutional economics theories and how their different assumptions link to different public policies.

Rethinking Capitalism module is taught in Term Two and is available to all postgraduate students at UCL who have some social science background. We will also make available up to 20 places for policy makers to also take the course in a non-assessed capacity.

Module Code: BASC0037

Who can take the module?

The module would be suitable as an elective to a range of MA and MSc programmes, including in the Economics, SSEES, School of Public Policy, Institute of Education, the Bartlett and Engineering departments. The module does not require formal training in economics or any other quantitative or technical skills.


Places available for economic and public policy makers on our 10-week Rethinking Capitalism course in 2023

IIPP is again making available up to 15 places for economic and public policy makers to attend our 10-week Rethinking Capitalism course in 2023. 

Term dates: 10-week course, 10 January-28 March 2023 (reading week 14-18 February) 

Times: Lectures (online): Tuesday, 4-6pm, seminars Gustave Tuck Lecture Theatre


  • £11000 for high income economy policy makers
  • £650 for policy makers for developing or emerging market economies

Closing date: 30th November 2022

To apply, please send your CV and one paragraph expression of interest to Dr. Josh Ryan-Collins (j.ryan-collins@ucl.ac.uk).  


Rethinking Capitalism lecturers

Mariana Mazzucato

Rainer Kattel

Josh Ryan-Collins

Watch past lecture: The market shaping forces of Capitalism 

YouTube Widget Placeholderhttps://www.youtube.com/watch?v=qSt5suImn78&t=1813s

Watch more lectures