Rethinking Capitalism undergraduate module
Week 6 academic lecture: Governing the digital economy by Rainer Kattel

This week's lecture focuses on the transformational impact of digital technology on business, government and society at large. The capitalism we experience in our everyday lives is dominated by data companies. Their domination has turned them into ‘platform capitalists’: other businesses are increasingly relying on digital infrastructure provided by world’s largest companies. Furthermore, global trade in data is larger than trade in goods. The digital economy is changing the way we perceive and expect to consume public services. It is having enormous impact on political debates from elections to tax policy to international relations.

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The Rethinking Capitalism undergraduate module provides students with a critical perspective on these ‘grand-challenges’ and introduces them to new approaches to economics and policy which challenge standard thinking.

The module draws on the book “Rethinking Capitalism”, edited by Mariana Mazzucato (Director of IIPP) and Michael Jacobs (Visiting fellow in the UCL School of Public Policy). It features guest academic lectures from some of the chapter authors. These academic lectures are combined with presentations by policy makers working at the frontline of the issues under discussion, including from the Bank of England, the UK Treasury and government departments dealing with innovation and climate change.

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