How to retool our concept of value

| April 19, 2018 | Leave a Comment

Money Plant by Tax Credits | Flickr | CC BY 2.0

Item Link: Access the Resource

Media Type: News / Op - Ed

Date of Publication: April 18, 2018

Year of Publication: 2018

Publisher: Macmillan Publishers Limited, Springer Nature

Author(s): Robert Costanza

Journal: Nature

Volume: 556

Pages: 300-301

Categories:

Robert Costanza reviews Mariana Mazzucato’s recently published book, The Value of EverythingMaking and Taking in the Global Economy:

Mazzucato lays out disturbing implications of the marginalist approach. These include (mis)measuring national income and real wealth, confusing financial speculation with the production of value, perverting the patent system (which stifles, rather than rewards, innovation) and undervaluing government and public goods, including public infrastructure, ecosystems and social networks. Her engaging and insightful exploration reveals how embedded the marginalist approach has become, and how it distorts economies’ ability to foster innovation, equity and real progress.

The Value of Everything will be available April 26, 2018. Read the full review.

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