Title
The Value of Everything: Making & Taking in the Global Economy Economics Interested People Want Problems of Modernday Capitalis,New
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Modern economies reward activities that extract value rather than create it. This must change to ensure a capitalism that works for us all.Shortlisted for the FT & McKinsey Business Book of the Year AwardA 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 studiesfrom Silicon Valley to the financial sector to big pharmato 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 longterm 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.
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We provide a 2-year limited warranty, from the date of purchase for all our products.
If you believe you have received a defective product, or are experiencing any problems with your product, please contact us.
This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).
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Frequently Asked Questions
- Q: What is the main topic of 'The Value of Everything'? A: 'The Value of Everything' focuses on the distinction between value creation and value extraction in the global economy, highlighting how modern economies often reward activities that extract value rather than create it.
- Q: Who is the author of this book? A: The author of 'The Value of Everything' is Mariana Mazzucato, an economist known for her work on innovation and public policy.
- Q: What are the key themes explored in the book? A: Key themes include the critique of the current financial system, the confusion between rents and profits, the impact of economic theory on measuring value, and the need for rethinking capitalism to foster long-term growth.
- Q: Is the book suitable for someone without an economics background? A: Yes, 'The Value of Everything' is written in an accessible manner, making it suitable for readers without an extensive background in economics.
- Q: What type of case studies does the book include? A: The book includes case studies from various sectors, including Silicon Valley, finance, and pharmaceuticals, illustrating how value is created and extracted in different contexts.
- Q: When was 'The Value of Everything' published? A: 'The Value of Everything' was published on May 12, 2020.
- Q: How many pages does the book have? A: 'The Value of Everything' has a total of 384 pages.
- Q: What is the binding type of this book? A: This edition of 'The Value of Everything' is available in paperback binding.
- Q: Does the book have any awards or nominations? A: Yes, 'The Value of Everything' was shortlisted for the FT & McKinsey Business Book of the Year Award.
- Q: What edition of the book is available? A: The available edition of 'The Value of Everything' is the illustrated edition.