The Value of Everything: Making and Taking in the Global Economy by Mariana Mazzucato
’’Modern economies reward activities that extract value rather than create it. This must change to ensure a capitalism that works for us all.’’
Who really creates wealth in our world? Who is creating it, who is extracting it, and who is destroying it? And how do we decide the value of what they do? Answers to these questions are key if we are to reform capitalism – to transform a system that does not work well.
The Value of Everything initiates a long-needed debate about what kind of world we want to live in. The book uses case studies to show how the foggy notions of value create confusion between rents and profits, a difference that distorts the measurements of growth and GDP.