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The Value of Everything: Making and Taking in the Global Economy by Mariana Mazzucato

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SKU: book-9780141980768 -da33504

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about the book

Who really creates wealth in our world? And how do we decide the value of what they do? At the heart of today's financial and economic crisis is a problem hiding in plain sight.

In modern capitalism, value-extraction is rewarded more highly than value-creation: the productive process that drives a healthy economy and society. From companies driven solely to maximize shareholder value to astronomically high prices of medicines justified through big pharma's 'value pricing', we misidentify taking with making, and have lost sight of what value really means. Once a central plank of economic thought, this concept of value - what it is, why it matters to us - is simply no longer discussed.
Yet, argues Mariana Mazzucato in this penetrating and passionate new book, if we are to reform capitalism - radically to transform an increasingly sick system rather than continue feeding it - we urgently need to rethink where wealth comes from. Which activities create it, which extract it, which destroy it? Answers to these questions are key if we want to replace the current parasitic system with a type of capitalism that is more sustainable, more symbiotic - that works for us all. The Value of Everything reigniteS a long-needed debate about the kind of world we really want to live in.

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General all

About Author
Mariana Mazzucato

Mariana Mazzucato is an economist with dual Italian and United States citizenship. She is a professor in the Economics of Innovation and Public Value and the director of the Institute for Innovation and Public Purpose at University College London (UCL) and the RM Phillips Chair in the Economics of Innovation at the University of Sussex. She is also a member of the Scottish Government's Council of Economic Advisers.

Mazzucato is the author of The Entrepreneurial State: debunking public vs. private sector myths and The Value of Everything: making and taking in the global economy. In 2016, Mazzucato co-edited a book, Rethinking Capitalism: Economics and Policy for Sustainable and Inclusive Growth with Michael Jacobs. In 2013 The New Republic called her one of "the three most important thinkers about innovation".

Book Review

A stimulating analysis of the underlying causes of inequality and growth which forces us to confront long-held beliefs about how economies work and who benefits. ... The book itself adds value by forcing us to confront these points. -- Martin Wolf ― Financial Times

As Mariana Mazzucuto's new book, published today, explains, our economy has been financialised and no longer rewards real value creation. -- Chi Onwurah ― New Statesman

Mariana Mazzucato offers an exposé of how value extractors and rent-seekers have been masquerading as value creators in the global economy. And, furthermore, how the conventional wisdom has indulged them in this. -- Fran Boait ― Prospect

General

AuthorMariana Mazzucato
Publisher‎ Penguin
Publication date4 April 2019
LanguageEnglish
Number of page384 pages
Product Dimensions 12.9 x 2.2 x 19.8 cm
BindingPaperback
ISBN9780141980768

Sales Package

In the box1 x Main product
Weight0.2770

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