14min
Entrepreneurs and companies often define themselves as "value creators", capable of carrying out activities that create wealth. But what if these were "stories" made up just to justify their income? And what is value really? The Value of Everything helps us understand what value is, the direction in which the world economy is moving, and how to change it.
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Analysis and key concepts
01.
Who are value creators?
02.
The difference between “value creators” and “value extractors”
03.
A brief history of value and the major schools of thought over the centuries
04.
How the concept of “revenue” has evolved
05.
How is the wealth of a nation measured?
06.
The financial sector and its changes
07.
The growth of the financial sector and the effects on the economy
08.
The impact of the financial sector on non-financial activities
09.
Extracting value through innovation economy
10.
The financial sector and the public sector
11.
The 2008 financial crisis and the economy of hope
12.
Quotes
13.
Take-home message
We often hear companies and entrepreneurs describe themselves as "value creators". But what does this mean exactly? They say they are productive members of the economy, who carry out activities that create wealth, those who run the greatest "risks". But what if these were nothing but stories created ad-hoc to convince our governments and our society to justify their turnover? This is particularly evident in the financial sector, which has experienced immense growth compared to the productive sectors, and exerts a strong influence on the rest of our economy.
It therefore becomes essential to establish exactly what we mean by "value", an essential notion to understand what path the world economy is on, and how to change it.
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The author
Mariana Mazzucato is Professor of Economics of Innovation and Public Value at University College London (UCL), where she is the Founding Director of the Institute for Innovation and Public Purpose. She is the author of the acclaimed book "The Entrepreneurial State: Debunking Public vs. Private Sector Myths", and winner of numerous awards in Political Economy. She has been defined as one of the 3 "most important thinkers" by the "New Republic".
Edition
Publishing house:
Penguin
Year:
2019
Pages:
384
ISBN:
978-1541758247