Redefining Economic Value | Mariana Mazzucato | RSA Replay

26 Apr 2018 01:01:39 36
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Economics is built on the concept of ‘value’, but what if we have lost sight of what this really means? In this RSA talk, renowned economist Mariana Mazzucato urges us to reconsider where wealth really comes from, and how we determine value in our economy. At the heart of the crisis in modern capitalism, she says, lies the blurred line between ‘taking’ and ‘making’; those who merely extract value are rewarded more highly than those who create it, generating perverse incentives and stifling a productive, healthy economy and society. In order to replace this broken system with a more sustainable, symbiotic capitalism, we must reconsider fundamental assumptions about what we value.

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