Photo of Professor Mariana MazzucatoProfessor Mariana Mazzucato

The Value of Everything: Making and Taking in the Global Economy

5:00pm, Tuesday 30 October 2018
Lecture Theatre 5, The Diamond
The University of Sheffield

#knoop18

The Department of Economics at the University of Sheffield welcomed Professor Mariana Mazzucato, Founder and Director of the UCL Institute for Innovation & Public Purpose (IIPP) to give the 2018 Knoop Lecture - the department's annual public lecture.

Image of a book The Value of EverythingThe title of the lecture was The Value of Everything: Making and Taking in the Global Economy

The lecture shared the title of her book which is described as "a scathing indictment of our current global financial system".

The Value of Everything rigorously scrutinizes the way in which economic value has been determined and reveals how the difference between value creation and value extraction has become increasingly blurry.

Mariana Mazzucato argues that this blurriness allowed certain actors in the economy to portray themselves as value creators, while in reality they were just moving existing value around or, even worse, destroying it.

The book uses case studies–from Silicon Valley to the financial sector to big pharma to show how the foggy notions of value create confusion between rents and profits, a difference that distorts the measurements of growth and GDP.

Registrations the 2018 Knoop Lecture are now closed

Biography

Mariana Mazzucato is Professor 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 (IIPP). She advises policy makers around the world on innovation-led inclusive growth, including a special advisory role to the EC.

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.

Her highly-acclaimed book The Entrepreneurial State: debunking public vs. private sector myths was on the 2013 Books of the Year list of the Financial Times. Her new book The Value of Everything: making and taking in the global economy has just been released. It has been shortlisted for this year’s Financial Times and McKinsey Business Book of the Year prize.

Twitter @MazzucatoM