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 extraction has become increasingly blurry. Mariana Mazzucato argues that this blurriness allowed certain actors in the economy to portray themselves as value creators, while in reality they were just moving existing value around 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, a difference that distorts the measurements of growth and GDP.

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.

Title:The Value of Everything: Making and Taking in the Global Economy
Edition Language:English
ISBN:9781610396745
Format Type:

About Mariana Mazzucato

Mariana Mazzucato is an economist with dual Italian and United States citizenship. She is a professor in the Economics of Innovation and Public Value and the director of the Institute for Innovation and Public Purpose at University College London (UCL) and the RM Phillips Chair in the Economics of Innovation at the University of Sussex. She is also a member of the Scottish Government's Council of


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

  • 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...

  • Mehrsa

    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...

  • 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 ...

  • 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 earnin...

  • 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 do...

  • John  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 som...

  • 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-ec...

  • 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 gover...

  • 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...

  • 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 somethin...