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Mission Economy: A Moonshot Guide to Changing Capitalism | Mariana Mazzucato

Hidden Forces

NOTE

The Value of Everything

The shift from a collaborative to an individualistic mindset in Western society impacts value creation in the public and private sectors. Public investments play a significant role in developing innovative products. However, the current economic thinking has led to the confusion of prices with value, obscuring the distinction between value creation and value extraction. These misconceptions have influenced economic policies and partnerships. The analysis of economic history suggests the need for a fundamental shift in economic policies and corporate governance to address challenges like climate change and health crises.

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