The Modern Economy And Values
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Author | : Mariana Mazzucato |
Publisher | : Penguin UK |
Total Pages | : 384 |
Release | : 2018-04-26 |
Genre | : Business & Economics |
ISBN | : 0241188822 |
Who really creates wealth in our world? And how do we decide the value of what they do? At the heart of today's financial and economic crisis is a problem hiding in plain sight. In modern capitalism, value-extraction - the siphoning off of profits, from shareholders' dividends to bankers' bonuses - is rewarded more highly than value-creation: the productive process that drives a healthy economy and society. We misidentify takers as makers, and have lost sight of what value really means. Once a central plank of economic thought, this concept of value - what it is, why it matters to us - is simply no longer discussed. Yet, argues Mariana Mazzucato in this penetrating and passionate new book, if we are to reform capitalism - to radically transform an increasingly sick system rather than continue feeding it - we urgently need to rethink where wealth comes from. Who is creating it, who is extracting it, and who is destroying it? Answers to these questions are key if we want to replace the current parasitic system with a type of capitalism that is more sustainable, more symbiotic: that works for us all. The Value of Everything will reignite a long-needed debate about the kind of world we really want to live in.
Author | : Joel Mokyr |
Publisher | : Princeton University Press |
Total Pages | : 417 |
Release | : 2016-11-15 |
Genre | : Business & Economics |
ISBN | : 0691168881 |
Why Enlightenment culture sparked the Industrial Revolution During the late eighteenth century, innovations in Europe triggered the Industrial Revolution and the sustained economic progress that spread across the globe. While much has been made of the details of the Industrial Revolution, what remains a mystery is why it took place at all. Why did this revolution begin in the West and not elsewhere, and why did it continue, leading to today's unprecedented prosperity? In this groundbreaking book, celebrated economic historian Joel Mokyr argues that a culture of growth specific to early modern Europe and the European Enlightenment laid the foundations for the scientific advances and pioneering inventions that would instigate explosive technological and economic development. Bringing together economics, the history of science and technology, and models of cultural evolution, Mokyr demonstrates that culture—the beliefs, values, and preferences in society that are capable of changing behavior—was a deciding factor in societal transformations. Mokyr looks at the period 1500–1700 to show that a politically fragmented Europe fostered a competitive "market for ideas" and a willingness to investigate the secrets of nature. At the same time, a transnational community of brilliant thinkers known as the “Republic of Letters” freely circulated and distributed ideas and writings. This political fragmentation and the supportive intellectual environment explain how the Industrial Revolution happened in Europe but not China, despite similar levels of technology and intellectual activity. In Europe, heterodox and creative thinkers could find sanctuary in other countries and spread their thinking across borders. In contrast, China’s version of the Enlightenment remained controlled by the ruling elite. Combining ideas from economics and cultural evolution, A Culture of Growth provides startling reasons for why the foundations of our modern economy were laid in the mere two centuries between Columbus and Newton.
Author | : Steven Kates |
Publisher | : Edward Elgar Publishing |
Total Pages | : 264 |
Release | : 2020-06-26 |
Genre | : Business & Economics |
ISBN | : 1786433575 |
Economic theory reached its zenith of analytical power and depth of understanding in the middle of the nineteenth century among John Stuart Mill and his contemporaries. This book explains what took place in the ensuing Marginal Revolution and Keynesian Revolution that left economists less able to understand how economies operate. It explores the false mythology that has obscured the arguments of classical economists, providing a pathway into the theory they developed.
Author | : Larry Gonick |
Publisher | : |
Total Pages | : 0 |
Release | : 2018 |
Genre | : BUSINESS & ECONOMICS |
ISBN | : 9781620972823 |
Machine generated contents note: Companies mentioned and location: -- Advanced Technology Services, Peoria, IL Caterpillar, Peoria, IL World's Finest Chocolate, Chicago, IL Milwaukee Gear, Milwaukee, WI Ford Motor Company, St. Louis, MO Wunderlich Fibre Box Company, St. Louis, MO General Motors, St. Louis, MO; Wentzville, MO Anheuser-Busch, St. Louis, MO McDonald-Douglas, St. Louis, MO Industrial Engineering and Equipment Company (Indeeco), St. Louis, MO; Brentwood, MO; Boonville and Cuba, MO ASPEQ Holdings (a private equity firm), St. Louis, MO Emerson Electric, Ferguson, MO GlaxoSmithKline (manufacturing Tums), St. Louis, MO
Author | : Paul J. Zak |
Publisher | : Princeton University Press |
Total Pages | : 387 |
Release | : 2010-12-16 |
Genre | : Business & Economics |
ISBN | : 1400837367 |
Like nature itself, modern economic life is driven by relentless competition and unbridled selfishness. Or is it? Drawing on converging evidence from neuroscience, social science, biology, law, and philosophy, Moral Markets makes the case that modern market exchange works only because most people, most of the time, act virtuously. Competition and greed are certainly part of economics, but Moral Markets shows how the rules of market exchange have evolved to promote moral behavior and how exchange itself may make us more virtuous. Examining the biological basis of economic morality, tracing the connections between morality and markets, and exploring the profound implications of both, Moral Markets provides a surprising and fundamentally new view of economics--one that also reconnects the field to Adam Smith's position that morality has a biological basis. Moral Markets, the result of an extensive collaboration between leading social and natural scientists, includes contributions by neuroeconomist Paul Zak; economists Robert H. Frank, Herbert Gintis, Vernon Smith (winner of the 2002 Nobel Prize in economics), and Bart Wilson; law professors Oliver Goodenough, Erin O'Hara, and Lynn Stout; philosophers William Casebeer and Robert Solomon; primatologists Sarah Brosnan and Frans de Waal; biologists Carl Bergstrom, Ben Kerr, and Peter Richerson; anthropologists Robert Boyd and Michael Lachmann; political scientists Elinor Ostrom and David Schwab; management professor Rakesh Khurana; computational science and informatics doctoral candidate Erik Kimbrough; and business writer Charles Handy.
Author | : Avner Greif |
Publisher | : Cambridge University Press |
Total Pages | : 536 |
Release | : 2006-01-16 |
Genre | : Business & Economics |
ISBN | : 9780521480444 |
Author | : Gia Zoidze |
Publisher | : Cambridge Scholars Publishing |
Total Pages | : 121 |
Release | : 2022-09-27 |
Genre | : Business & Economics |
ISBN | : 1527589161 |
This book stems from the principle that each individual on our planet is of the highest value, arguing that each person should be recognized according to what dignity and what values they bear. It shows that the phenomenon of values is not what people want, but what people should want, highlighting that Europe and America have advanced most on this path. As such, the book pays special attention to European and Euro-Atlantic values. It describes how the value system, which society uses as a guide, has dictated the usual norms of behavior of a large number of people. These values are not equally acceptable to all, and some even violate them, but society has developed formal (laws) and informal (customs) institutions to uphold them. The issues discussed in this book, about the modern economy and values, will be interesting for all people who think about the fate of their country and humanity, regardless of their nationality, religious confession, race, profession, age, or worldview.
Author | : Mariana Mazzucato |
Publisher | : HarperCollins |
Total Pages | : 272 |
Release | : 2021-03-23 |
Genre | : Business & Economics |
ISBN | : 0063046261 |
Longlisted for the 2021 Porchlight Business Book Awards, Big Ideas & New Perspectives “She offers something both broad and scarce: a compelling new story about how to create a desirable future.”—New York Times An award-winning author and leading international economist delivers a hard-hitting and much needed critique of modern capitalism in which she argues that, to solve the massive crises facing us, we must be innovative—we must use collaborative, mission-oriented thinking while also bringing a stakeholder view of public private partnerships which means not only taking risks together but also sharing the rewards. Capitalism is in crisis. The rich have gotten richer—the 1 percent, those with more than $1 million, own 44 percent of the world's wealth—while climate change is transforming—and in some cases wiping out—life on the planet. We are plagued by crises threatening our lives, and this situation is unsustainable. But how do we fix these problems decades in the making? Mission Economy looks at the grand challenges facing us in a radically new way. Global warming, pollution, dementia, obesity, gun violence, mobility—these environmental, health, and social dilemmas are huge, complex, and have no simple solutions. Mariana Mazzucato argues we need to think bigger and mobilize our resources in a way that is as bold as inspirational as the moon landing—this time to the most ‘wicked’ social problems of our time.. We can only begin to find answers if we fundamentally restructure capitalism to make it inclusive, sustainable, and driven by innovation that tackles concrete problems from the digital divide, to health pandemics, to our polluted cities. That means changing government tools and culture, creating new markers of corporate governance, and ensuring that corporations, society, and the government coalesce to share a common goal. We did it to go to the moon. We can do it again to fix our problems and improve the lives of every one of us. We simply can no longer afford not to.
Author | : Daron Acemoglu |
Publisher | : Princeton University Press |
Total Pages | : 1009 |
Release | : 2008-12-15 |
Genre | : Business & Economics |
ISBN | : 1400835771 |
From Nobel Prize–winning economist Daron Acemoglu, an incisive introduction to economic growth Introduction to Modern Economic Growth is a groundbreaking text from one of today's leading economists. Daron Acemoglu gives graduate students not only the tools to analyze growth and related macroeconomic problems, but also the broad perspective needed to apply those tools to the big-picture questions of growth and divergence. And he introduces the economic and mathematical foundations of modern growth theory and macroeconomics in a rigorous but easy to follow manner. After covering the necessary background on dynamic general equilibrium and dynamic optimization, the book presents the basic workhorse models of growth and takes students to the frontier areas of growth theory, including models of human capital, endogenous technological change, technology transfer, international trade, economic development, and political economy. The book integrates these theories with data and shows how theoretical approaches can lead to better perspectives on the fundamental causes of economic growth and the wealth of nations. Innovative and authoritative, this book is likely to shape how economic growth is taught and learned for years to come. Introduces all the foundations for understanding economic growth and dynamic macroeconomic analysis Focuses on the big-picture questions of economic growth Provides mathematical foundations Presents dynamic general equilibrium Covers models such as basic Solow, neoclassical growth, and overlapping generations, as well as models of endogenous technology and international linkages Addresses frontier research areas such as international linkages, international trade, political economy, and economic development and structural change An accompanying Student Solutions Manual containing the answers to selected exercises is available (978-0-691-14163-3/$24.95). See: https://press.princeton.edu/titles/8970.html For Professors only: To access a complete solutions manual online, email us at: [email protected]
Author | : Mary Poovey |
Publisher | : University of Chicago Press |
Total Pages | : 523 |
Release | : 2008-04 |
Genre | : Business & Economics |
ISBN | : 0226675327 |
Banking, borrowing, investing, and even losing money - in other words, participating in the modern financial system - seem like routine activities of everyday life. This book looks at how this came to be the case by examining the history of financial instruments and representations of finance in 18th and 19th century Britain.