Rethinking Capitalism undergraduate module
Week 3 academic lecture: Economic rent, land and housing by Josh Ryan-Collins
This week’s lecture focuses on a much neglected issue in maintstream economics and the source of increasing concern in public policy: land and housing. The classical economists recognised that land had distinctive properties from capital and labour, the other two ‘inputs’ in the production process. Today, the main use of land is a site of housing, with housing affordability becoming a major issue of concern in advanced economies.
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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.
