WINNER OF THEMADAME DE STA L PRIZE AND THELEONTIEF PRIZE FOR ADVANCING THE FRONTIERS OF ECONOMIC THOUGHT SHORTLISTED FOR THE FT MCKINSEY BUSINESS BOOK OF THE YEAR 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 sightIn modern capitalism, value extraction is rewardedhighly 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 issustainable,symbiotic that works for us all The Value of Everything reigniteS a long needed debate about the kind of world we really want to live in

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