Mariana Mazzucato
Capitalism’s Greatest Weakness?
It confuses price with value
World Economic Forum, 2018
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The true engines of capitalism are nuanced and hiding in plain sight.
Recommendation
Does the CEO of a big tech company add more value to the economy than a teacher or a politician? Most people would say yes, and the reason hinges on the price-centric nature of today’s economic mind-set. Workers such as nurses and bureaucrats aren’t viewed as economic stimulators, even though the economy would certainly be worse off without them. Professor Mariana Mazzucato says that it’s time to view these engines of capitalism in a different light. getAbstract recommends this thought-provoking article for its alternative view of what makes capitalism tick.
Summary
About the Author
Mariana Mazzucato is a professor of economics at University College London.
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