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The Big Con

How the Consulting Industry Weakens our Businesses, Infantilizes our Governments and Warps our Economies
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Brief Description
A vital and timely investigation into how the consulting industry has made its way to the heart of our economies and governments—and what to do about it. There is an entrenched relationship between the consulting industry and hollowed-out, risk-averse governments and shareholder value-maximizing firms. Mariana Mazzucato... Read More
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The Big Con

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A vital and timely investigation into how the consulting industry has made its way to the heart of our economies and governments—and what to do about it.

There is an entrenched relationship between the consulting industry and hollowed-out, risk-averse governments and shareholder value-maximizing firms. Mariana Mazzucato and Rosie Collington show that our economies' reliance on companies such as McKinsey, Boston Consulting Group, Bain & Company, PwC, Deloitte, KPMG, and EY stunts innovation, obfuscates corporate and political accountability, and impedes our collective mission of halting climate breakdown.

The Big Con is possible in today's economies because of the unique power that consultancies wield through extensive contracts and networks—as advisors, legitimators, and outsourcers—and the illusion that they are objective sources of expertise and capacity. The Big Con weakens our businesses, infantilizes our governments, and warps our economies.

Mazzucato and Collington expertly debunk the myth that consultancies always add value to the economy. With a wealth of original research, they argue brilliantly for investment and collective intelligence within all organisations and communities, and for a new system in which public and private sectors work innovatively for the common good. We must recalibrate the role of consultants and rebuild economies and governments that are fit for purpose.

Book Details

INFORMATION

ISBN: 9781802060263

Publisher: Penguin Books Ltd

Format: Paperback / softback

Date Published: 29 February 2024

Country: United Kingdom

Imprint: Penguin

Audience: General / adult, Tertiary education, Professional and scholarly

DIMENSIONS

Spine width: 19.0mm

Width: 129.0mm

Height: 198.0mm

Weight: 272g

Pages: 368

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About the Author

Mariana Mazzucato (Author) Mariana Mazzucato is Professor in the Economics of Innovation and Public Value at University College London, where she is Founding Director of the UCL Institute for Innovation & Public Purpose. Her previous posts include the RM Phillips Professorial Chair at the Science Policy Research Unit at Sussex University. She is the winner of international prizes including the Grande Ufficiale Ordine al Merito della Repubblica Italiana in 2021, Italy's highest civilian honour, the 2020 John von Neumann Award, the 2019 All European Academies Madame de Stael Prize for Cultural Values, and the 2018 Leontief Prize for Advancing the Frontiers of Economic Thought. Most recently, Pope Francis appointed her to the Pontifical Academy for Life for bringing 'more humanity' to the world. As well as The Entrepreneurial State, she is the author of The Value of Everything- Making and Taking in the Global Economy (2018), Mission Economy- A Moonshot Guide to Changing Capitalism (2021), and The Big Con- How the Consulting Industry Weakens our Businesses, Infantilizes our Governments and Warps our Economies (2023). She advises policy makers around the world on innovation-led, inclusive and sustainable growth. Her current roles have included for example Chair of the World Health Organization's Council on the Economics of Health for All, Co-Chair of the Global Commission on the Economics of Water, Co-Chair of the Council on Urban Initiatives, and member of the South African President's Economic Advisory Council. Previously, through her role as Special Advisor for the EC Commissioner for Research, Science and Innovation (2017-2019), she authored the high-impact report on Mission-Oriented Research and Innovation in the European Union, turning 'missions' into a crucial new instrument in the European Commission's Horizon innovation programme, and more recently, authored a report with the UN's Economic Commission for Latin America and the Caribbean (ECLAC) on Transformational Change in Latin America and the Caribbean- A mission-oriented approach. Rosie Collington (Author) Rosie Collington is a PhD candidate at the UCL Institute for Innovation and Public Purpose, where she researches the political economy of outsourcing. She has written on consulting and other subjects for publications including the Guardian, OpenDemocracy and the Independent.

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