Social Foundations of Modern Capitalism (ECOP2012)


Economic activity is 'embedded' within a broader social structure, making the study of institutional and social forces a crucial element in understanding the historical fabric and functioning of the economy. This unit looks at the institutions, such as of capital, labour, the family and the state that channel economic activity and also at the importance of class and other social struggles in the historical transformations of those institutions. It examines how governments respond to the imperatives for economic and social order, including how the state acts to regulate institutions, and socio-economic relations, to establish stability and maintain capital accumulation. Several illustrative case studies and policy areas are studied.

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Further unit of study information


2x1-hr lectures/week, 1x1-hr tutorial/week


2000wd essay (40%) and 1.5hr exam (40%) and 750wd equivalent tutorial presentation (10%) and tutorial participation (10%)

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Unit of study rules

Prerequisites and assumed knowledge

ECOP1001 and (ECOP1003 or ECOP1004)



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