The Value of Everything by Mariana Mazzucato

The Value of Everything

Modern economies reward activities that extract value rather than create it. This must change to insure a capitalism that works for us all.In this scathing indictment of our current global financial system, The Value of Everything rigorously scrutinizes the way in which economic value has been determined and reveals how the difference between value creation and value extraction has become increasingly blurry. Mariana Mazzucato argues that this bl...

Details The Value of Everything

TitleThe Value of Everything
Release DateSep 11th, 2018
GenreEconomics, Nonfiction, Business, Politics, Finance

Reviews The Value of Everything

  • Dan
    Mazzucato's observations and conclusions won't surprise readers who've read more than one or two works of contemporary critical theory. But the fact that she is writing in a different register and for a largely different audience matters a great deal in this case, and I found the book very rewarding (and even rather moving in her concluding call for an "economics of hope").
  • Daniel
    Capitalism has a problem - and that is to confuse price with value. So not only we think a $6 apple must be nicer than a $2 one, we also think that someone earning $100k must be better than one earning $60k etc. Firms are also told to only maximise shareholder returns (a.k.a. ever lower Price/earning ratios), so they dutifully increase revenue (raise price), cut costs (outsource and sack staff). To boost stock price, they also buy back shares to ...
  • Tony Philpin
    Mariana is a post Keynesian, hence relies on observations of actual economic behaviour rather than doctrine and illogical theoretical assumptions (as did Keynes in his writings) and some of this book follows Keynes' discussions in his General Theory. She debunks the classicists in a comparable fashion. It is refreshingly entertaining writing.The whole book is readable, and is a logical sequel to her previous 'entrepreneurial state', developing si...
  • Jeff Kaye
    This is a follow-up to the Entrepreneurial State and is a consideration of how the public sector should be shown to be adding economic value rather than being seen as a drain on the economy.This is done via an analysis of rent seekers in the 21st C like banks that have taken over from land owners in their rent-seeking capacity. It then reviews the concepts of the previous book - how government adds value to research and risk-taking to enable comp...
  • Jesper Döpping
    Easy read with a strong argument for re-instating value as a key concernI bought this book because I read the entrepreneurial state. This book in my opinion in a very easy to understand way for non-economists argues that we have to return to a much more basic question - the question of value creation, what is it and what is it not? The book starts with a theory historical perspective that are incredible easy to understand on how value have been c...
  • Mike O'Brien
    A must read!"While wealth is created through a collective effort, the massive imbalance in the distribution of the gains from economic growth has often been more the result of wealth extraction, whose potential scale globalization has greatly magnified...I will argue that the way the word ‘value’ is used in modern economics has made it easier for value-extracting activities to masquerade as value-creating activities. And in the process rents ...
  • Romilly
    I fear that confirmation bias makes me a poor judge; the author articulates and explains what I have been feeling for years.She's a respected economist and writes accessibly. If you feel that something may be wrong with our rulers' views on the nature of value, read this book .
  • John Edgar Mihelic
    Mazzucato is one of the most interesting economists working today. I say this because her project in the last two books focus on a ground-up redetermination of what is important in the economy. To someone like me, who is interested in the social generation and distribution of resources but who think that policy makers went the wrong way in recent years (especially before 2008, see Bernanke to Friedman: “Let me end my talk by abusing slightly my...
  • Jason Harrop
    The author does a good job of drawing attention to the evils of rent seeking behaviour. Parasites!Although I agree there is a role for government in encouraging innovation, the author overstates government's contribution. This claim is stated repeatedly, but never treated in any depth.The government invented the Internet? It would have been interesting to discuss the great man theory of invention.In asserting government should get a larger share ...
  • Marco
    The value of everything addresses a vital question in today's economics. Where does value come from? What is it? Who creates it? Who extracts it? Mazzucato does a great job at exploring the conversation on value through the centuries and arrives at today's economy, touching upon finance, innovation, banking, investing, and the role of the public sector in shaping the long-term direction of our economies beyond being mere referees of the game. Thi...
  • Ayman
    The Value of EverythingThis new book by economist Mariana Mazzucato is an interesting take on the fundamentals of Economics 101. I believe, Some elementary finance and economics knowledge is necessary to follow and appreciate this book, however, here is my simplified layman summary:The book starts with a short background on the concepts of production boundary which is the scope of economic activities that are deemed "productive" as developed by c...
  • Theodore Kinni
    Our assumptions about what economic value is, how it is generated, and who generates it play a major role in determining the economic playing field we end up on, argues Mazzucato. Here she shows how today's assumptions give the few license to steal value generated by the many.
  • David Hallam
    Very readable (always a bonus for an Economics book) and very much on trend. As I was reading it I kept hearing news stories and discussions that pertained the same ideas.
  • Allan J
    A significant bookNot always an easy read but well worth reading cover to cover.Now amazon demands another eight words, seven, eight.