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The value of everything

The value of everything

: Making and taking in the global economy

by Mariana Mazzucato
4th April, 2019

£10.99 £10.99 Save 0% | Paperback


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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 2018

Who 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.

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. Her current roles include being Chair of the World Health Organization's Council on the Economics of Health for All and a member of the Scottish Government's Council of Economic Advisors, the South African President's Economic Advisory Council, the UN High Level Advisory Board for Economic and Social Affairs, the UK's Innovation Expert Group, Argentina's Economic and Social Council, Vinnova's Advisory Panel in Sweden, and Norway's Research Council. She 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. In 2021, she received the Grande Ufficiale Ordine al Merito della Repubblica Italiana, Italy's highest civilian honour. She was named as one of the '3 most important thinkers about innovation' by The New Republic, one of the 50 most creative people in business in 2020 by Fast Company, and one of the 25 leaders shaping the future of capitalism by WIRED.

Details & Specs

Series: Penguin economics


Author: Mariana Mazzucato


Publisher: Penguin Books


Format: Paperback


ISBN: 9780141980768


Publication Date: 4th April, 2019


Pages: 358


Dimensions: 198 x 129 x 22 mm


Notes: illustrations (black and white)


Availability: Available, usually dispatched within 3 days


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