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


WINNER OF THE 2019 MADAME DE STAËL PRIZE AND THE 2018 LEONTIEF PRIZE FOR ADVANCING THE FRONTIERS OF ECONOMIC THOUGHT SHORTLISTED FOR THE FT & MCKINSEY BUSINESS BOOK OF THE YEAR 2018Who 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.

Amazon.co.uk Price: £8.99 (as of 22/10/2021 15:13 PST- Details)

WINNER OF THE 2019 MADAME DE STAËL PRIZE AND THE 2018 LEONTIEF PRIZE FOR ADVANCING THE FRONTIERS OF ECONOMIC THOUGHT SHORTLISTED FOR THE FT & MCKINSEY BUSINESS BOOK OF THE YEAR 2018Who actually creates wealth in our world? And the way will we determine the worth of what they do? On the coronary heart of as we speak’s monetary and financial disaster is an issue hiding in plain sight.In trendy capitalism, value-extraction is rewarded extra extremely than value-creation: the productive course of that drives a wholesome financial system and society. From firms pushed solely to maximise shareholder worth to astronomically excessive costs of medicines justified by huge pharma’s ‘worth pricing’, we misidentify taking with making, and have overpassed what worth actually means. As soon as a central plank of financial thought, this idea of worth – what it’s, why it issues to us – is just not mentioned. But, argues Mariana Mazzucato on this penetrating and passionate new e book, if we’re to reform capitalism – radically to rework an more and more sick system somewhat than proceed feeding it – we urgently have to rethink the place wealth comes from. Which actions create it, which extract it, which destroy it? Solutions to those questions are key if we wish to change the present parasitic system with a sort of capitalism that’s extra sustainable, extra symbiotic – that works for us all. The Worth of All the things reigniteS a long-needed debate in regards to the form of world we actually wish to dwell in.

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