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Description
WINNER OF THE 2019 MADAME DE STAÃL PRIZE AND THE
2018 LEONTIEF PRIZE FOR ADVANCING THE FRONTIERS
OF ECONOMIC THOUGHT SHORTLISTED FOR THE FT
MCKINSEY BUSINESS BOOK OF THE YEAR 2018Who
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.