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International - The Value of Everything: Making & Taking in the Global Economy Economics Interested People Want Problems of Modern-day Capitalism to Improve Benefits 99% Financial Times Business Book

Description

Book Synopsis: 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.

Details

Discover the secrets behind a capitalistic society that works for everyone with "The Value of Everything: Making & Taking in the Global Economy." This thought-provoking book challenges the current economic system and offers powerful solutions to improve the problems of modern-day capitalism. Shortlisted for the prestigious FT & McKinsey Business Book of the Year Award, this eye-opening read is a must-have for anyone interested in economics.

Author Mariana Mazzucato's rigorous analysis exposes the flaws in our global financial system. By scrutinizing the way economic value is accounted for, she reveals how economic theory has failed to distinguish between value creation and value extraction. In captivating case studies, Mazzucato demonstrates the consequences of this blurred distinction, showing how it allows certain actors to portray themselves as value creators when they're actually just manipulating existing value or even destroying it.

From Silicon Valley to the financial sector and big pharma, Mazzucato illustrates how the foggy notions of value lead to confusion between rents and profits and distort the measurements of growth and GDP. The result? Innovation suffers, and inequality skyrockets. This urgent and sobering book delivers a powerful message: if we want to rescue our economy from future crises and foster long-term growth, we must rethink capitalism, redefine the role of public policy, and revolutionize how we measure value in our society.

Don't miss your chance to gain invaluable insights and participate in the transformation of our economic landscape. Learn how to reshape the global economy and create a fairer, more prosperous future for all. Get your copy of "The Value of Everything: Making & Taking in the Global Economy" today!

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