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The Value of Everything
Making and Taking in the Global Economy
Contributors
Formats and Prices
- On Sale
- May 12, 2020
- Page Count
- 384 pages
- Publisher
- PublicAffairs
- ISBN-13
- 9781541758247
Price
$18.99Price
$23.99 CADFormat
Format:
- Trade Paperback $18.99 $23.99 CAD
- ebook $12.99 $16.99 CAD
This item is a preorder. Your payment method will be charged immediately, and the product is expected to ship on or around May 12, 2020. This date is subject to change due to shipping delays beyond our control.
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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.
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A Strategy+business Best Book of the Year
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A Financial Times Business Book of the Year Award Finalist
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“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
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“Some economists merely interpret the world in various ways; others seek to change it. Mariana Mazzucato is an exemplar of the latter kind... Mazzucato’s mission is to overturn the now dominant neoclassical theory of value.”The New Statesman
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“A fundamental re-think of what constitutes real value in the economy.”Forbes
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“Someone should make a musical out of this book.”The Times
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“The way in which financialisation proved to be an anti-industrial strategy is admirably set out in leading economist Mariana Mazzucato’s new book TheValue of Everything.”The Independent
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“[Mazzucato] argues that we urgently need to rethink where wealth comes from to heal a sick system.”Management Today
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“[Mazzucato] excoriates the global financial industry. We need to rethink our ideas on value, and how financialisation has turned us away from value creation to value extraction.”Business Live
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“Mariana Mazzucato offers an exposé 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.”Prospect
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“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
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“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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“Mazzucato is sure the economic forces that affect our lives can serve the public interest again.”The Irish Times
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“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
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“A fresh look at the meaning of value to the economy... This organized and easy-to-read book will appeal to curious readers as well as those interested in economics, investing, and public policy.”Booklist
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“Mariana Mazzucato’s insights into the current state of the economy, and how to think differently about it, are essential. Her new book, The Value of Everything, is outstanding.”Tim O'Reilly, author of WTF?: What's the Future and Why It's Up to Us
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