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Books > Business & Economics > Economics > Microeconomics
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The Value of Everything (Hardcover)
Loot Price: R575
Discovery Miles 5 750
You Save: R157
(21%)
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The Value of Everything (Hardcover)
 (1 rating, sign in to rate)
List price R732
Loot Price R575
Discovery Miles 5 750
You Save R157 (21%)
Expected to ship within 10 - 15 working days
|
Modern economies reward activities that extract value rather than
create it. This must change to ensure a capitalism that works for
us all. Shortlisted for the FT & McKinsey Business Book of the
Year Award 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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