full transcript

From the Ted Talk by Mariana Mazzucato: What is economic value, and who creates it?


Unscramble the Blue Letters


So the ruoletvion here is a change from objective to subjective, but also the logic is no lgenor one of what is value, how is it being determined, what is the reproductive potential of the economy, which then leads to a theory of price but rather the reverse: a theory of price and exchange which reveals value.

Now, this is a huge change. And it's not just an admeicac exercise, as fascinating as that might be. It affects how we measure growth. It acfefts how we steer economies to produce more of some activities, less of others, how we also remunerate some activities more than others. And it also just kind of makes you think, you know, are you happy to get out of bed if you're a value creator or not, and how is the pcrie system itself if you aren't demnnirtieg that?

Open Cloze


So the __________ here is a change from objective to subjective, but also the logic is no ______ one of what is value, how is it being determined, what is the reproductive potential of the economy, which then leads to a theory of price but rather the reverse: a theory of price and exchange which reveals value.

Now, this is a huge change. And it's not just an ________ exercise, as fascinating as that might be. It affects how we measure growth. It _______ how we steer economies to produce more of some activities, less of others, how we also remunerate some activities more than others. And it also just kind of makes you think, you know, are you happy to get out of bed if you're a value creator or not, and how is the _____ system itself if you aren't ___________ that?

Solution


  1. determining
  2. longer
  3. affects
  4. price
  5. academic
  6. revolution

Original Text


So the revolution here is a change from objective to subjective, but also the logic is no longer one of what is value, how is it being determined, what is the reproductive potential of the economy, which then leads to a theory of price but rather the reverse: a theory of price and exchange which reveals value.

Now, this is a huge change. And it's not just an academic exercise, as fascinating as that might be. It affects how we measure growth. It affects how we steer economies to produce more of some activities, less of others, how we also remunerate some activities more than others. And it also just kind of makes you think, you know, are you happy to get out of bed if you're a value creator or not, and how is the price system itself if you aren't determining that?

Frequently Occurring Word Combinations


ngrams of length 2

collocation frequency
goldman sachs 4
objective conditions 4
price system 3
net interest 3
interest payments 3
sachs workers 2
people lost 2
tableau economique 2
industrial labor 2
big revolution 2
financial sector 2
real estate 2
huge problem 2

ngrams of length 3

collocation frequency
net interest payments 3
goldman sachs workers 2


Important Words


  1. academic
  2. activities
  3. affects
  4. bed
  5. change
  6. creator
  7. determined
  8. determining
  9. economies
  10. economy
  11. exchange
  12. exercise
  13. fascinating
  14. growth
  15. happy
  16. huge
  17. kind
  18. leads
  19. logic
  20. longer
  21. measure
  22. objective
  23. potential
  24. price
  25. produce
  26. remunerate
  27. reproductive
  28. reveals
  29. revolution
  30. steer
  31. subjective
  32. system
  33. theory