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Mariana Mazzucato: Rethinking Value

Long Now

CHAPTER

The Four Problems With Corporate Governance

David Ricardo, one of the first economists ever, in 1821, wrote a book called Principles of Political Economy. He was very worried about the effect that the rise of the machines would be having on employment and wages. But what we ended up having for basically 200 years, and it kind of stopped around the 1980s and onwards, was that as long as profits were being reinvested back into the economy, it kind of didn't matter. And this is just really important because there's so much talk today about the future of work and the robotsWhat's going to happen without actually putting these numbers and this data at the center of the picture? This is a corporate governance problem. So this

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