What happens when we confuse price with value? We end up undervaluing care. We pollute more. And the financial sector is allowed to brag about how productive it is—while often just moving around existing value, created by others. Most importantly we end up with a form of capitalism that rewards value extraction activities over value creation, increasing inequality in the process.
Steve Keen’s presentation to the OECD New Approaches to Economic Challenges forum. Watch here
Mariana Mazzucato, professor in the Economics of Innovation and Public Value at University College London (UCL), where she directs the Institute for Innovation and Public Purpose, and the author of The Value of Everything: Making […]
Richard Seymour joins me to discuss his new book, The Twittering Machine. The title is taken from Paul Klee’s 1922 painting in which the the bird-song of a diabolical machine acts as bait to lure […]