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  • Published: 1 March 2018
  • ISBN: 9780241188828
  • Imprint: Penguin eBooks
  • Format: EBook
  • Pages: 256
Categories:

The Value of Everything

Making and Taking in the Global Economy




One of the world's foremost economists presents a major new analysis of the crisis in modern capitalism, and how to reform it

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 new 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.

  • Published: 1 March 2018
  • ISBN: 9780241188828
  • Imprint: Penguin eBooks
  • Format: EBook
  • Pages: 256
Categories:

About the author

Mariana Mazzucato

Mariana Mazzucato is Professor in the Economics of Innovation and Public Value at University College London where she is Founding Director of the Institute for Innovation and Public Purpose. Her award winning books include The Entrepreneurial State: Debunking Public vs. Private Sector Myths (2013) and The Value of Everything: Making and Taking in the Global Economy (2018). She advises policy makers around the world on innovation-led inclusive and sustainable growth, and has won many prizes including the 2020 John von Neumann award, the 2019 All European Academies Madame de Staël Prize for Cultural Values and the 2018 Leontief Prize for Advancing the Frontiers of Economic Thought.

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Praise for The Value of Everything

Praise for The Entrepreneurial State: Conventional economics offers abstract models; conventional wisdom insists that the answer lies with private entrepreneurship. In this brilliant book, Mariana Mazzucato...argues that the former is useless and the latter incomplete.

Martin Wolf, Financial Times

One of the most incisive economic books in years.

Jeffery Madrick, New York Review of Books