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The Value of Everything book cover

The Value of Everything

Making and Taking in the Global Economy

Mariana Mazzucato

This book examines the global financial system and how current economic values are determined. The author argues that value extraction, rather than value creation, is rewarded in modern economies and that this needs to change for a capitalism that works for everyone. Mazzucato uses case studies to illustrate the blurriness between value creation and extraction, and how this affects growth and GDP measurements. The urgent lesson is to rethink capitalism, public policy, and how we measure value to foster long-term economic growth and prevent future crises.
Publish Date
2018-09-11T00:00:00.000Z
2018-09-11T00:00:00.000Z
Goodreads Rating
4.09
ISBN
9781610396745
Recommendations
1
Recommendations
2019-01-01T00:00:00.000Z
She opens her book with an ironic reminder from Plato’s Republic: Our first business is to supervise the production of stories and choose those we think suitable and reject the rest. She reminds us that controlling the stories we are told is a prime instrument of power, and argues that one of those mind-shaping stories is about the source of value in the economy, where it comes from, who produces it, and who should get the benefits. It’s easy, Mazzucato argues, to believe the stories we have been told are simply true, and to no longer question them. And question them we must, because the stories that rule our economy today are often wrong and, at best, incomplete.      source