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The Value of Everything
Making and Taking in the Global Economy
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Check link for latest rating. ( 3,596 ratings, 399 reviews)
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Description
'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' Martin Wolf, Financial Times
Who really creates wealth in our world? And how do we decide the value of what they do?
In modern capitalism, value-extraction—the siphoning off of profits, from shareholders' dividends to bankers' bonuses—is rewarded more highly than value-creation, the productive process that drives a healthy economy and society. We misidentify takers as makers and have lost sight of what value really means.
Yet, argues Mariana Mazzucato in this penetrating and passionate book, if we are to reform capitalism, we urgently need to rethink where wealth comes from. Who is creating it, who is extracting it, and who is destroying it?
The Value of Everything will reignite a long-needed debate about the kind of world we really want to live in.
Book Hero Magic summarised reviews for this book. While it's new and still learning, it may not be perfect - your feedback is welcome! HOW HAS THIS BEEN REVIEWED?
The Value of Everything is praised for its stimulating analysis of the causes of inequality and economic growth, challenging long-held economic beliefs. Reviewers commend Mazzucato's critique of value extraction and her argument for rethinking wealth creation. The book urges a reevaluation of the distinction between real value creators and rent-seekers in the economy.
Book Details
INFORMATION
ISBN: 9780141980768
Publisher: Penguin Books Ltd
Format: Paperback / softback
Date Published: 04 April 2019
Country: United Kingdom
Imprint: Penguin Books Ltd
Audience: Tertiary education, Professional and scholarly
DIMENSIONS
Spine width: 21.0mm
Width: 129.0mm
Height: 198.0mm
Weight: 281g
Pages: 384
About the 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.
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