Recent Reflections On Value
In a recent television spot the economist, Mariana Mazzucato briefly touched on something which whilst hugely important is often left out of the public debate on economics. Whilst, unfortunately, she was unable to create the space to expound on it fully at 31:00 the following exchange takes place Jo Coburn: What don’t we value enough? Mariana Mazzucato: Well, first of all, we confuse price with value, it used to be that there were big debates about value and that turned into the theory of price, we only put into GDP things that have a price, if you marry your cleaner GDP will go down,...