In "The Value of Everything - Making and Taking in the Global Economy," Mariana Mazzucato challenges conventional economic thinking by scrutinizing the concept of value in modern economies. She argues that the prevailing narratives often confuse value creation with value extraction, leading to misguided policies and an erosion of public wealth. The book delves into how economic activities are classified as productive or unproductive and critiques the assumptions underpinning these classifications.

• Value creation is distinct from value extraction: Mazzucato highlights how activities that genuinely produce wealth are often undervalued, while those that merely transfer...
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