W8 academic lecture - Josh Ryan-Collins: Money, credit and finance

Rethinking Capitalism undergraduate module
Week 8 academic lecture: Money, credit and finance by Josh Ryan-Collins

This week’s lectures will explore different theoretical approaches to money, credit and finance and look in particularly at the role of the banking system, including central banks and financial regulation. The global financial crisis of 2007-08 was a crisis not just for capitalism but also for macroeconomic and finance theory. The standard models used by economists and central banks failed to forsee the crisis. One of the main reasons for this was that they neglected the role of money and credit and the global interconnectedness of the banking system which meant that credit shocks in one part of the world could spread extremely rapidly to other economies.

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UCL Institute for Innovation and Public Purpose
The Bartlett Faculty of the Built Environment
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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.

Видео W8 academic lecture - Josh Ryan-Collins: Money, credit and finance канала UCL Institute for Innovation and Public Purpose