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

Mazzucato, Mariana

Couverture rigide

ISBN 10 : 161039674X ISBN 13 : 9781610396745

Editeur : PublicAffairs, 2018

A propos du livre

Revue de presse :

A finalist for the FT & McKinsey Business Book of the Year Award
"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"
―Martin Wolf, Financial Times

"Mazzucato's mission is to overturn the now dominant neoclassical theory of value."
―George Eaton for New Statesman

"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 for Prospect

"[Mazzucato's] passionate call to empower policymakers to understand that the state's role is not secondary to the private sector is infectious."―PROSPECT

"Mazzucato is fast emerging as one of the world's leading public intellectuals... [she] has offered the left a positive vision of growth based on innovation and profit-sharing, rather than sterile and counter-productive analysis based on the politics of resentment and expropriation."―SPECTATOR

"Mazzucato sides with the actual makers, those who struggle in an economy tilted in favor of the ultrawealthy... she expresses specific incredulity about the banking sector's self-serving statements about wealth creation... She is especially eloquent when commenting on arrogant tech-giant billionaires such as Peter Thiel, who claims that his wealth accumulation occurred in spite of, rather than because of, government presence."―KIRKUS REVIEWS

"Mazzucato's trenchant analysis is a compelling call to reinvent value as a key concept to help us achieve the world we all want."―NATURE

"A fresh look at the meaning of value to the economy...This organized and easy-to-read book will appeal to curious readers as well as those interested in economics, investing, and public policy."―Booklist

"A fundamental re-think of what constitutes real value in the economy."―Stephen Denning, Forbes.com

Présentation de l'éditeur :

A work of tremendous ambition, academic rigor, and originality, The Value of Everything argues that American companies have for too long been valued according to the amount of wealth they capture for themselves rather than for the value they create for the economy. In fact, Pfizer, Amazon, and countless other companies that claim to drive innovation are actually hopelessly dependent on public money, spend their resources on boosting share prices and executive pay, and reap ever-expanding rewards without offering the market real value. Such parasitic behavior is only getting worse: leading American companies are profiting from the redistribution of wealth and knowledge without giving anything back to the communities that have made them so profitable.

In her previous groundbreaking and controversial work, The Entrepreneurial State, Mariana Mazzucato argued that public investment has been the most significant driver of innovation and product development. The iPhone as it exists would not have been possible without government-sponsored technology like Siri, GPS, the Internet, and Touch ID. Yet Apple today, like numerous other technology and biotech companies, is engaging in a massive repurchase scheme, and for the first time has prioritized value-extraction practices such as spending to boost shareholder profit and lobbying to diminish the state and its tax policies-the very initiatives that funded their software.

If private companies continue down this path, they will succeed in diminishing the size of their largest and most successful investor-the state-and will destroy powerful opportunities, shrivel markets, and depress wealth. The lesson here is urgent and sobering: to rescue our economy from the next, inevitable crisis and foster long-term economic growth, we will need to rethink capitalism, rethink the state rather than downsize it, and redefine how we measure value in our society.

À propos de cette édition

• Éditeur: PublicAffairs
• Date d'édition: 2018
• ISBN 10: 161039674X
• ISBN 13: 9781610396745
• Reliure: Relié
• Nombre de pages: 384