{"product_id":"the-value-of-everything-making-and-taking-in-the-global-economy-9781541758247","title":"The Value of Everything: Making and Taking in the Global Economy","description":"\u003cb\u003e\"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\" (\u003ci\u003eMartin Wolf, Financial Times)\u003c\/i\u003e\u003c\/b\u003e \u003cp\u003e\u003c\/p\u003e A scathing indictment of our current global financial system, \u003ci\u003eThe Value of Everything\u003c\/i\u003e 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. \u003cp\u003e\u003c\/p\u003e 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. \u003cp\u003e\u003c\/p\u003e 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.\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eMariana Mazzucato\u003c\/b\u003e is professor in the Economics of Innovation and Public Value at University College London (UCL), where she directs the Institute for Innovation and Public Purpose. She is the winner of the 2014 New Statesman SPERI Prize for Political Economy, the 2015 Hans-Matthö-Preis, and the 2018 Leontief Prize for Advancing the Frontiers of Economic Thought. She was named as one of the \"three most important thinkers about innovation\" by the \u003ci\u003eNew Republic\u003c\/i\u003e. \u003cp\u003e\u003c\/p\u003e She advises global policy makers on innovation-driven inclusive growth and is Special Advisor to the EU commissioner for research, science and innovation. She is a coeditor of \u003ci\u003eRethinking Capitalism: Economics and Policy for Sustainable and Inclusive Growth\u003c\/i\u003e and the author of the award-winning \u003ci\u003eThe Entrepreneurial State: Debunking Public vs. Private Sector Myths\u003c\/i\u003e.\u003cbr\u003e","brand":"PublicAffairs","offers":[{"title":"Default Title","offer_id":50614467428626,"sku":"9781541758247","price":13.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0831\/4771\/8930\/files\/img_6a7680cb-3249-4a85-81d4-282036f6427e.jpg?v=1758635554","url":"https:\/\/surprise-castle.myshopify.com\/products\/the-value-of-everything-making-and-taking-in-the-global-economy-9781541758247","provider":"Surprise Castle","version":"1.0","type":"link"}