"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
Praise for The Entrepreneurial State
"Mazzucato's ideas are fuel for a growing political debate about what portion of the country's wealth pie should be taken by the private sector." —Rana Foroohar, TIME
"Read her book. It will challenge your thinking."-Bruce Upbin, Forbes
"It is one of the most incisive economic books in years." —Jeff Madrick, New York Review of Books
"Mariana Mazzucato makes a very convincing argument . . . . from the iPhone to solar power to nanotechnology to pharmaceuticals, government did much of the basic research before venture capitalists stepped in and took the profit." —Los Angeles Review of Books, Tom Streithorst
"Increasingly, however, economists and social thinkers are challenging the conventional wisdom on innovation... Mariana Mazzucato described the most notable technology innovations as coming from the government, not the private sector." —Quentin Hardy, New York Times
"This book has a controversial thesis. But it is basically right. The failure to recognise the role of the government in driving innovation may well be the greatest threat to rising prosperity." —Martin Wolf, Financial Times
"Mariana Mazzucato ... has built up an ever bigger following for The Entrepreneurial State,
which argues that government has played a big role in creating innovation . . . . It's a serious book, and its subject is an important one. Where innovation comes from is one of the most important, and perhaps least understood, topics in economics." —Matthew Lynn, The Telegraph
"[M]ost major technological advances of the last decades have been publicly financed. As Mariana Mazzucato shows in The Entrepreneurial State, all the major advances that made the iPhone possible were publicly funded, from the touch screen to GPS." —Doug Henwood, The Nation
"The iPhone exists—as Mariana Mazzucato demonstrated in her book—because various branches of the US government provided research assistance that resulted in several key technological developments . . . . " —Jill
Lepore, The New Yorker
The Value of Everything: Who Makes and Who Takes from the Real Economy
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 other companies are actually dependent on public money, spend their resources on boosting share prices and executive pay, and reap ever-expanding rewards without offering the market value.
In her previous 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 and Touch ID. Yet Apple today, like numerous other 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-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.
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In her previous 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 and Touch ID. Yet Apple today, like numerous other 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-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 Value of Everything: Who Makes and Who Takes from the Real Economy
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 other companies are actually dependent on public money, spend their resources on boosting share prices and executive pay, and reap ever-expanding rewards without offering the market value.
In her previous 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 and Touch ID. Yet Apple today, like numerous other 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-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.
In her previous 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 and Touch ID. Yet Apple today, like numerous other 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-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.
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Editorial Reviews
Product Details
| BN ID: | 2940170214013 |
|---|---|
| Publisher: | HighBridge Company |
| Publication date: | 09/11/2018 |
| Edition description: | Unabridged |
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