Profits Now, Costs Later
David Woodruff: Mariana Mazzucato, 22 November 2018
The Value of Everything: Making and Taking in the Global Economy
by Mariana Mazzucato.
Allen Lane, 384 pp., £20, April 2018,978 0 241 18881 1 Show More
by Mariana Mazzucato.
Allen Lane, 384 pp., £20, April 2018,
“... growth, it directly contributes to rising inequality. A doctrine emerged in the 1970s which held that corporations should focus on maximising ‘shareholder value’, expressed in the price of shares. Tying managers’ pay to share price encourages them to focus on this, but results in gigantic differences in remuneration within companies. You don’t ... ”