“In essence, we behave as economic actors according to the vision of the world of those who device the accounting conventions. The marginalist theory of value underlying contemporary national accounting systems leads to an indiscriminate attribution of productivity to anyone grabbing a large income and downplays the productivity of the less fortunate. In so doing, it justifies excessive inequalities of income and wealth and turns value extraction into value creation.”
Quote by Mariana Mazzucato
Work
The Value of Everything: Making and Taking in the Global Economy
Browse quotes and source details for this work. more
Author
Mariana Mazzucato
Mariana Mazzucato is an author specializing in economics and innovation. Born on June 16, 1968, she has made notable contributions to the field of economics, focusing on the state's role in economic development and the significance of innovation. more
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