The Value of Everything

Explore the challenging perspectives of award-winning economist Mariana Mazzucato in this 55-minute talk from The Aspen Institute. Delve into the redefinition of capitalism, examining innovation-led, inclusive, and sustainable growth while uncovering the often misunderstood role of governments in fostering innovation. Investigate the concepts of value creation, extraction, and destruction, and learn why Mazzucato argues for an urgent rethinking of wealth origins and economic activities. Discover insights on topics such as the purpose of business and politics, climate challenges, productive vs. unproductive labor, and the implications of neoclassical economics. Analyze case studies like the National Institutes of Health and CLEAN OCEANS initiative to understand the government's role in innovation. Conclude by exploring the concept of sharing risks and rewards, and embracing an economics of hope for a reformed capitalist system.

Intro
Rediscovering purpose in business
Rediscovering purpose in politics
The State's problem (just patching things up?)
The climate problem
Taking vs. Making
Who takes? Who Makes?
Where does Value come from?
Physiocrats: value in the land
Productive and Unproductive Labour
Implications from Neoclassicals
What happens when value debate disappears?
Why value matters
National Institutes of Health, 1938-2018
Role of government?
CLEAN OCEANS
Sharing both risks and rewards
The Economics of Hope