The Value of Everything: Making and Taking in the Global Economy

The Value of Everything: Making and Taking in the Global Economy

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 extra Modern economies reward activities that extract value rather than create it. This must change to insure a capitalism ...

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Title:The Value of Everything: Making and Taking in the Global Economy
Author:Mariana Mazzucato
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Genres:Economics
ISBN:The Value of Everything: Who Makes and Who Takes from the Real Economy
ISBN
Edition Language:English
Format Type:Hardcover
Number of Pages:384 pages pages

The Value of Everything: Making and Taking in the Global Economy Reviews

  • Gabriel C.
    Dec 10, 2018
    Somewhat tedious at points, very repetitive in its main messaging, often overly focused on economico-historical minutiae (particularly, I felt, anything touching Marx) or on the details of particular examples. But for all that clear and incisive about the main point, which is laid out ...
  • Mehrsa
    Dec 03, 2018
    A must-read for finance people and economists. This is an excellent history of bad ideas and theories in economics. Most especially, about how the government got removed and discounted as a creator of value. In fact, government investments create much of the value that the market uses ...
  • Mike O'Brien
    May 30, 2018
    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 w...
  • Wilte
    Mar 18, 2019
    Excellent book on how perpection of value has changed. It went from value determining the price of something, to price determining the value of something. And the way value is used in current economy, makes it easy for value-extracting activities (collecting rents) to masquerade as val...
  • Nils
    Feb 24, 2019
    Mazzucato makes the case that economists need to focus specifically on productive, value-creating activity, rather than equating and conflating things that actually enhance human well being and flourishing with unproductive activity that merely extract rents. She rightly notes that an ...
  • Eva
    Mar 23, 2019
    Something is amiss in our economies when the finance sector is allowed to contribute to the GDP even though it's simply pushing money around. Mazzucato's book is a call to reevaluate what counts as economic value and where we draw the line between value creation and value extraction wh...
  • Daniel
    Aug 16, 2018
    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 lowe...
  • Praveen
    Mar 01, 2019
    Mariana Mazzucato's The Value Of Everything - Making And Taking in The Global Economy. discuss on the distinction between value extraction and value creation which have far reaching consequences to the companies , their workers and beyond all in the whole societies. The social , econom...
  • Ayman
    Oct 03, 2018
    The Value of Everything This 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...
  • Kevin Y
    Oct 27, 2018
    Simply put: the book does what the author says - start a debate and dialogue about the concept of economic value. It is a good review of many past economic debates but also bringing forward the inherent built in assumptions. ...
  • Dan
    May 23, 2018
    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 ...
  • Graeme Newell
    Mar 01, 2019
    The author attempts to find exactly which players in the economy are productive and which are unproductive ?rent collectors.? Specifically, she takes a hard look at the role of banks. Are banks providing a vital service by making capital easier to obtain or are they merely rent col...
  • Romilly
    May 29, 2018
    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 . ...
  • Dominik
    Mar 23, 2019
    Wi?kszo?? tez autorki jest mi bardzo bliska, jednak t? ksi??k? jestem rozczarowany. Bardzo du?a jest w?tków dotycz?cych historii my?li ekonomicznej, które dla mnie s? ma?o interesuj?ce. Mazzucato porusza istotne problemy, ale ogranicza si? przede wszystkim do pokazania...
  • Wael Gamal
    Jan 16, 2019
    ?? ?????? ??? ?????? ?? ???????? ??? ??? 2015 ?????? ???? ?? ???? ?????? ?????? ?????? ?? ??? ???? ??? 13 ?? ?????? ?? ?????? ????? ???? ????? ???? ?????? ????? ...
  • Tom Gagne
    Jan 15, 2019
    I heard an interview with the author on the Brian Lehrer show. Her perspective on "value" leans a little more socialist than mine, but it's healthy to read opinions different from your own. Certainly, her opinions are different than mine, though I can hear echoes of her opinions in ...
  • Gustavo Herrera
    Apr 09, 2019
    This book was a huge challenge for me, not because its subject nor Mazzucato's writing style (which is exceedingly clear, engaging and friendly towards non economists), but because of how much it defies the notions of what we all understand about how economics, value and society in gen...
  • Jökull AuĂ°unsson
    Dec 15, 2018
    Milestone work for the new left movement Maybe it?s a case of just being too familiar with many of the arguments in this book, but I found the book stretch slightly too many words over the otherwise very important agenda and I found myself at times skimming sections. I had already...
  • Theodore Kinni
    Sep 08, 2018
    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. ...
  • MaurĂ­cio Linhares
    Nov 12, 2018
    How do we define value? Mariana goes through the multiple definitions of value and how we've tortured both the original economy texts and today's numbers to come up with today's reasoning about what a price is and where it comes from. The book also goes through how we ended up with...
  • John  Mihelic
    Aug 11, 2018
    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...
  • Jeff Kaye
    Jun 22, 2018
    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 f...
  • Richard Muthua
    Dec 30, 2018
    The last three chapters will probably become a reference point for many people (including myself) questioning the dominant political economic frameworks in use today. I would highly recommend to anyone (left, right, centre...) remotely interested in the fundamental questions of try...
  • Roo Phillips
    Feb 04, 2019
    Very interesting parts, questions, and lines of thought, mingled with a lot of complaining and meandering. The first section is basically a history lesson on the definition of economic "value" and how it has changed. This was very interesting. The second section was a gripe session...
  • Jason Harrop
    Sep 19, 2018
    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 de...
  • Jesper Döpping
    Jun 20, 2018
    Easy read with a strong argument for re-instating value as a key concern I 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 questio...
  • Tony Philpin
    Jul 07, 2018
    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 co...
  • Ola Helmich Borchgrevink Pedersen
    Dec 11, 2018
    I believe Mazzucato touches upon some of the central issues for our economy: the distinction between creating (profits on earned income) and extracting value (rents from unearned income). This has been a crucial debate and a central issue for economics for centuries. However, there is ...
  • Marco
    Aug 27, 2018
    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 financ...
  • Maciej Nowicki
    Feb 28, 2019
    The value of everything by Mariana Mazzucato is about value creation and value extraction, making versus taking, which is a subtitle of the book. We currently have corporate governance structures which are very much not just aimed at short-termism but actually very much centred around ...