Bought her latest book “The Value of Everything” on the strength of an excellent short-section of her talk here:
Economist @MazzucatoM argues that when we confuse price with value, we end up with a form of capitalism that rewards value extraction activities over value creation, increasing inequality in the process. https://t.co/8yfQGNXCY9 pic.twitter.com/P0nuYysp53
â€” The Long Now Foundation (@longnow) August 12, 2019
As I said at the time, I love the style as well as the content, with discursive parentheticals and “air-quotes”. A great communicator.
Picking this up before a final review of my foray into Michael Gazzaniga couldn’t help notice the syllabic similarity in their names. But more significantly, early on, we discover that one of her mentors was / is Carlotta Perez of Freeman & Perez fame during my MBA Economics days. A lot of influential women in this story. Economics needs women.
As you’d expect lots, early on, on the price / value confusion and the objective / subjective confusion in distinguishing the one over the other. Real issue is about economic models allowed to exploit the confusion to counter-productive (low value) ends, rather than definitive arguments. Too soon to say, but on the right track. Reading on.