The Value of Everything (Hardback)
  • The Value of Everything (Hardback)
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The Value of Everything (Hardback)

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£18.99
Hardback 320 Pages / Published: 15/06/2017
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Modern economies reward activities that extract value rather than create it. This must change to insure a capitalism that works for us all. A scathing indictment of our current global financial system, The Value of Everything rigorously scrutinizes the way in which economic value has been accounted, and reveals how economic theory has failed to clearly delineate the difference between value creation and value extraction. Mariana Mazzucato argues that the increasingly blurry distinction between the two categories has allowed certain actors in the economy to portray themselves as value creators, while in reality they are just moving around existing value or, even worse, destroying it. The book uses case studies-from Silicon Valley to the financial sector to big pharma-to show how the foggy notions of value create confusion between rents and profits, reward extractors and creators, and distort the measurements of growth and GDP. In the process, innovation suffers and inequality rises. The lesson here is urgent and sobering: to rescue our economy from the next, inevitable crisis and to foster long-term economic growth, we will need to rethink capitalism, rethink the role of public policy and the importance of the public sector, and redefine how we measure value in our society.

Publisher: INGRAM PUBLISHER SERVICES US
ISBN: 9781610396745
Number of pages: 320


MEDIA REVIEWS
"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
"Mazzucato's mission is to overturn the now dominant neoclassical theory of value."
--George Eaton for New Statesman
"Mariana Mazzucato offers an expos? of how value extractors and rent-seekers have been masquerading as value creators in the global economy. And, furthermore, how the conventional wisdom has indulged them in this."
--Fran Boait for Prospect
"[Mazzucato's] passionate call to empower policymakers to understand that the state's role is not secondary to the private sector is infectious."--PROSPECT
"Mazzucato is fast emerging as one of the world's leading public intellectuals... [she] has offered the left a positive vision of growth based on innovation and profit-sharing, rather than sterile and counter-productive analysis based on the politics of resentment and expropriation."--SPECTATOR
"Mazzucato sides with the actual makers, those who struggle in an economy tilted in favor of the ultrawealthy... she expresses specific incredulity about the banking sector's self-serving statements about wealth creation... She is especially eloquent when commenting on arrogant tech-giant billionaires such as Peter Thiel, who claims that his wealth accumulation occurred in spite of, rather than because of, government presence."--KIRKUS REVIEWS
"Mazzucato's trenchant analysis is a compelling call to reinvent value as a key concept to help us achieve the world we all want."--NATURE

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