The Value of Everything
by Mariana Mazzucato · first published 2018
20mentions
8recommended by
13HN commenters
2018–2024first – last mentioned
62% recommend38% neutral
Why HN recommends it
Argues that economies reward value extraction over value creation and traces how economic thinking has defined value. Readers call it well argued and jargon-light, useful for anyone questioning how value is measured.
Summarised by Claude from recommending comments
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The Value of Everything by Mariana Mazzucato may be of some interest: > In modern capitalism, value-extraction is rewarded more highly than value-creation: the productive process that drives a healthy economy and society. From…
on “The Value of Nothing: Capital versus Growth” ↗Based on your comment I think you'll really enjoy this book - I'm about 75% through it. https://www.penguin.co.uk/books/280466/the-value-of-everythi... The Value of Everything by Mariana Mazzucato. One of the best economics books I've read in a very long time, well argued and not too heavy in Jargon. The thrust of the argument is that we've misconstrued value and thus don't…
on “If the Robots Come for Our Jobs, What Should the Government Do?” ↗Right. I’m currently listening to Mariana Mazzucato’s ‘The value of everything’ which begins with a really excellent history of economics, placing Smith in exactly the context you describe.
on “Adam Smith and the Pin Factory” ↗"The Value of Everything" by Mariana Mazzucato. Great book. Central thesis: there are value creators and value extractors. Value creation is very connected with most people's idea of "progress". But value extraction is parasitic,…
on “YouTube-dl's repository has been restored” ↗I would suggest reading the book "The Value of Everything" by Mariana Mazzucato so that you can better understand the difference between wealth creation and wealth extraction.
on “Class Bullshitters” ↗…means that substantial profits can be obtained by extracting value from transactions, rather than creating value to society. Mariana Mazzucato has discussed this at length in her excellent book "The Value of Everything: Making & Taking in the Global Economy Economics" The point is that capitalism only works well for allocating resources when it happens to follow the goal of producing value for others, and in that sense…
on “Is shareholder capitalism a suicide pact?” ↗…lot further than that. For a much more thorough look at how our modern financial systems produce what naive thinkers would consider to be bizarre results, I highly recommend Mariana Mazzucato's "The Value of Everything." It's a challenging read, but it goes into the details of how economic and political thought has shifted over the centuries regarding the concept of wealth and value creation, and how the game really…
on “SpaceX Revenue Doubled to $4.6B in 2022 Versus 2021” ↗…are deployed to productive ends and not siphoned off to unproductive ones by rentiering. Go watch this talk by UCL economist and historian Mariana Mazzucato for better context. https://iai.tv/video/the-value-of-everything-mariana-mazzuca...
on “I joined landlord groups to persuade them to be better people to their tenants” ↗…programs designed to help offset costs for women who choose to work, but not a whole lot aimed at paying full-time stay-at-home parents for their contributions. I recently commented about the book, “The Value of Everything”. It does an incredible job at explaining the various ways in which we measure value. Today, right now, we tend to say that your value is what you earn. But it’s not the only model available, and there’s…
on “Women’s Unpaid Labor is Worth $10.9T” ↗…an interesting topic for a book. Is there no terminology yet or is the current terminology inadequate? Also do you have place to find out about the book ince it is ready? I am currently reading “The Value of Everything” which is great.
on “The Growth Ponzi Scheme” ↗Someone recently recommended the book, “The Value of Everything.” I’m part of the way through, and it’s super relevant to this conversation. What this comes down to is, what is value, and how do we measure it? The author of this post throws their hands up and says,…
on “Programmers Should Plan for Lower Pay?” ↗…it’s ideas were quite spread out over Europe and beyond (Way before the Russian revolution and after) Karl Marx ideas were very revolutionary for its time (a good primer can be found in the book The Value of Everything) and set a lot of ideas in motion. And there was also debate in that regard on how to institute communism. So communism could never reach the “evil” moniker like Nazism, even though it was apparent the…
on “Show HN: Explore Wikipedia edits made by institutions, companies and governments” ↗…used to value physical things that got built during a physical production process. I've seen this problem partially addressed by slightly leftish-leaning economists such as Mariana Mazzucato in "The Value of Everything" [1] and I'm sure there may be others like her, but afaik mainstream economics is still ignoring the issue, I think mainstream economists don't even acknowledge this as being an issue. [1] https://marianamazzucato.com/books/the-value-of-everything
on “The U.S. productivity slowdown: an economy-wide and industry-level analysis” ↗Books mentioned in the article: - How American Work, American Business, and the American Dream Became Temporary by Louis Hyman - The Value of Everything: Making and Taking in the Global Economy by Mariana Mazzucato - Winners Take All: The Elite Charade of Changing the World by Anand Giridharadas edit: formatting, copy paste issues (argh)
on “An Alternative History of Silicon Valley Disruption” ↗The book by Mazzucato is "The Value of Everything: Making and Taking in the Global Economy"
on “An Alternative History of Silicon Valley Disruption” ↗