Institutions of Modern Capitalism: Markets, State, and Society

How do the rules of modern capitalism actually work, and who writes them? To truly understand our economic world, we must look beyond basic supply and demand to the institutions that structure and govern markets. This text-based course guides you through the foundational concepts of modern political economy, exploring the powerful interplay between state regulations, market dynamics, and urban planning. By reading through clear explanations and real-world examples, you will transition from seeing the economy as an abstract force to understanding it as a system of deliberate institutional design. What you'll learn: 1. Understand the core definitions, history, and foundational theories of modern capitalism. 2. Analyze the critical role of state institutions in regulating, stabilizing, and shaping markets. 3. Explore how urban planning, infrastructure, and spatial development reflect economic systems. 4. Examine modern economic shifts, including platform capitalism and the digital gig economy. 5. Evaluate the relationship between property rights, financial systems, and social equity. 6. Assess how contemporary global challenges, such as environmental sustainability, impact institutional design. This course begins with key terminology, basic concepts, and foundational definitions of political economy. From there, you will explore historical developments, state-market relations, and the modern digital landscapes that define our current era. This course is designed for beginners interested in economics, urban studies, sociology, or public policy, with no prior background in economics required. Start reading today to build a powerful framework for analyzing the economic structures that shape our daily lives.