Philosophy For Our Times The price of everything, value of nothing | Politics series | Daniel Susskind, Abby Innes, Will Hutton, Richard Kibble
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Apr 11, 2025 
Join Abby Innes, a political economy expert, Will Hutton, a seasoned journalist, Richard Kibble, a former chief strategy officer, and Daniel Susskind, an AI economics researcher, as they dive into the intriguing relationship between price and value. They challenge the notion that market prices reflect true worth and explore how capitalism often fails to address social values like love and friendship. With discussions on wealth inequality, the flaws of economic ideologies, and the urgent need for a nuanced approach to resource allocation, their insights provoke thought on redefining value in our society.
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Dysfunctional Capitalism
- There's a gap between market prices and real value, causing dysfunction in capitalism.
- Some goods and services have little social value, creating a zero-sum game.
Flawed Economic Models
- Neoclassical economics assumes a computable world, leading to flawed policies.
- This approach, like Stalinist central planning, insists on a computable world, disregarding our imaginative capacity.
Tech-Driven Transparency
- Tech-driven transparency can empower individuals and organizations.
- This can lead to better societal solutions by leveling up power imbalances.
