The Value of Everything cover art

The Value of Everything

Makers and Takers in the Global Economy

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The Value of Everything

By: Mariana Mazzucato
Narrated by: Amy Finegan
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About this listen

Penguin presents the audiobook edition of The Value of Everything by Mariana Mazzucato, read by Amy Finegan.

Who really creates wealth in our world? And how do we decide the value of what they do? At the heart of today's financial and economic crisis is a problem hiding in plain sight.


In modern capitalism, value-extraction is rewarded more highly than value-creation: the productive process that drives a healthy economy and society. From companies driven solely to maximize shareholder value to astronomically high prices of medicines justified through big pharma's 'value pricing', we misidentify taking with making, and have lost sight of what value really means. Once a central plank of economic thought, this concept of value - what it is, why it matters to us - is simply no longer discussed.

Yet, argues Mariana Mazzucato in this penetrating and passionate new book, if we are to reform capitalism - radically to transform an increasingly sick system rather than continue feeding it - we urgently need to rethink where wealth comes from. Which activities create it, which extract it, which destroy it? Answers to these questions are key if we want to replace the current parasitic system with a type of capitalism that is more sustainable, more symbiotic - that works for us all. The Value of Everything will reignite a long-needed debate about the kind of world we really want to live in.

©2018 Mariana Mazzucato (P)2018 Penguin Audio
Economics International Politics & Government Theory Banking Capitalism Taxation Socialism US Economy Thought-Provoking Economic Inequality Economic disparity Tariff Great Recession Export Global Financial Crisis

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Critic reviews

A stimulating analysis of the underlying causes of inequality and growth which forces us to confront long-held beliefs about how economies work and who benefits. ... The book itself adds value by forcing us to confront these points. (Martin Wolf)
Someone should make a musical out of this book. That is quite unlikely, I grant you, but not as unlikely as it sounds. In 1893 the Savoy theatre staged Gilbert and Sullivan's penultimate operetta, Utopia, Limited ... It is time to rework the idea and Mariana Mazzucato is a candidate to write the libretto. (Philip Collins)
As Mariana Mazzucuto's new book, published today, explains, our economy has been financialised and no longer rewards real value creation. (Chi Onwurah)
Mariana Mazzucato ... argues that we urgently need to rethink where wealth comes from to heal a sick system. (Richard Kilgarriff)
Mariana Mazzucato offers an exposé of how value extractors and rent-seekers have been masquerading as value creators in the global economy. And, furthermore, how the conventional wisdom has indulged them in this. (Fran Boait)
In The Value of Everything, published last week, Mazzucato sharpens her focus, not only lauding the role of 'mission-oriented' public investment, but honing her critique of the private sector too. (Liam Halligan)
All stars
Most relevant
Good job with a complex subject. I listened twice. It was time well spent. Pope Francis did us all a favor by bringing it to our attention.

Very important book

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Loved authors view and proposals
Accretive exposure of current value philosophy
Overall good performance
Eloquent and contagious

good oversight a bit plain

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This book answered a lot of questions about how the modern economy operates and also served as a useful way to gain an understanding of the evolution of this area through various figures, without requiring a great deal of initial study. Its also pretty easy to understanding for a book in this area.

A greater understanding of how value is extracted from people, companies and the economy is certainly needed. Only recently I was shocked that a friend was about to take a loan at 50% APR, even though they are not really that bad a risk. And had VCs not sold the company I work for it would have gone under before much longer, starved of resources.

It is neither left wing or right wing to want an economy less prone to 'rent seeking' as the book goes over. The complexity of the financial and economic system means there are huge numbers of ways to twist the system to do that. Most likely the job of trying to steer the system in favour of valuable end products and results will be a long one and never end.

It is to some degree a moral question, for example do I seek to gain a patent simply to prevent anyone else working in this area, rather than to protect a legitimate invention? Do I sell houses to people with rip off lease hold contracts where the rent doubles every few years, just to make a higher profit? Will I fail to fix a problem with a car, knowing that it is dangerous and people will die as a result because I don't want to pay for a recall?

I think the author has done a great job researching and bringing these aspects to light and suggesting how things can work better and I am quite certain that we can do better economically with more thought and action in this area.

Valuable!

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Mazzucato clarifies what has been for me, a non economist, a bewildering field, and sets out a cogent elucidation of how we've arrived in a world of such glaring inequality and increasing powerlessness of governments to shape our lives. She offers a hopeful way forward.

Economics with clarity, humanity and hope.

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I must say it's one of the most boring books I listened recently. Basically the author tries to sell basic economic ideas with left leaning narrative and connect it to the economists of the past without any logical connection.

Extremely Boring

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