Mariana Mazzucato on the Value of Everything

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4.7 • 4.3K Ratings

🗓️ 24 December 2018

⏱️ 68 minutes

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Summary

Economist and author Mariana Mazzucato talks about her book The Value of Everything with EconTalk host Russ Roberts. Mazzucato argues that economists have mismeasured value and have failed to appreciate the role of government as innovator. She argues for a more active role for government in the innovation process and for government to share in revenue proportional to its role in the creation of new technology.

Transcript

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0:00.0	Welcome to Econ Talk, part of the Library of Economics and Liberty.
0:08.0	I'm your host, Russ Roberts, of Stanford University's Hoover Institution.
0:12.6	Our website is econtalk.org where you can subscribe, comment on this podcast, and find
0:17.6	links and other information related to today's conversation.
0:20.5	We'll also find our archives where you can listen to every episode we've ever done going
0:24.8	back to 2006.
0:27.0	Our email address is mailadycontalk.org.
0:29.6	We'd love to hear from you.
0:33.8	Today is December 6, 2018.
0:35.4	My guest is economist and author, Mariano Mazzicato.
0:39.0	She holds the chair in the economics of innovation and public value at University College London,
0:44.9	and is founded and director of the University College London Institute for Innovation and Public
0:49.2	Purpose.
0:50.5	Her latest book is the value of everything making and taking in the global economy, which
0:55.2	is the subject of today's conversation.
0:57.1	Mariano, welcome to econ Talk.
0:59.5	Thank you so much.
1:00.5	Very happy to be here.
1:01.5	Underlying your book is the idea that the economics profession has misunderstood the
1:06.1	nature of what is valuable and how to think about it, and that in turn is hampered good
1:11.6	public policy.
1:13.0	Summarize your argument.
	...

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