Mariana Mazzucato and Stella Creasy on Making and Taking in the Global Economy, PART 1
Intelligence Squared
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The Origins of Economic Value
Until the early 1900s, this idea of who's productive? Who's not? How can we steer the economy to really reward, nurture, and create more value creation activities was at the heart of economic reasoning. But that focus on objective conditions changed to subjective ones. It became an emphasis on prices being determined by what then earned price, including wages. So it's a huge revolution that most students don't even know happened because they don't come across it very often.
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