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The Value of Everything | Mariana Mazzucato

Who are the makers and takers in our economy? If we want sustainable and fair economic growth, Professor Mazzucato argues, we need to question the stories we've been told about value creation. In this myth-busting talk, Mariana takes us on a tour of economic thinking on value, highlighting how it has changed fundamentally throughout history. While the question of which activities create value - as opposed to moving, extracting, or even destroying it - used to be debated and contested, current thinking often states that 'value is in the eye of the beholder.' Mariana showcases some of the serious implications this thinking has for innovation, equality, and productivity. She argues that in order to steer our economy in the right direction, we need to re-open the debate around value creation, and start to see the public sector as an active player in shaping markets. About Mariana: Professor Mariana Mazzucato (PhD) holds the Chair in the Economics of Innovation and Public Value at University College London (UCL), and is Founder and Director of the UCL Institute for Innovation & Public Purpose. She is winner of the 2014 New Statesman SPERI Prize in Political Economy, the 2015 Hans-Matthöfer-Preis, and the 2018 Leontief Prize for Advancing the Frontiers of Economic Thought. She was named as one of the ‘3 most important thinkers about innovation‘ by the New Republic.She advises policy makers around the world on innovation-led inclusive growth and is currently a member of the Scottish Government’s Council of Economic Advisors; the UN Sustainable Development Solutions Network Leadership Council; and SITRA’s Advisory Panel in Finland. Her highly-acclaimed book The Entrepreneurial State: debunking public vs. private sector myths (Anthem 2013; Public Affairs, 2015) was on the 2013 Books of the Year list of the Financial Times. She is co-editor of Rethinking Capitalism: Economics and Policy for Sustainable and Inclusive Growth (Wiley Blackwell, July 2016). Her new book The Value of Everything: making and taking in the global economy is published by Penguin (Allen Lane, 2018). --- Filmed at Founders Pledge Forum in London, July 2018.

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