12 Questions
According to Mazzucato's video, what was the focus of economic thinking in the 1800s?
Labour
What does Mazzucato suggest is a common misconception regarding value creation?
Having a higher income always indicates higher productivity
According to Mazzucato, why are innovators considered the drivers of economic growth?
Their new ideas and inventions lead to economic improvements
What role does the public sector play in relation to innovation, as highlighted by Mazzucato?
Research and development
In Mazzucato's view, why is it important to rethink how we measure value in society?
To consider contributions to society and the economy
What does Mazzucato criticize about some individuals' approach to making money?
Playing with numbers instead of creating value
What is the long-term goal of business sustainability according to the text?
Thriving societies and ecosystems
How does the concept of a 'circular economy' contribute to sustainability?
By reducing waste generation through reuse
What is a key challenge with Corporate Social Responsibility (CSR) mentioned in the text?
Defining who corporations should feel responsible to
Why is it mentioned that companies should replace shareholder capitalism with stakeholder capitalism?
To promote sustainable practices and consider various stakeholders
How can working with other organizations impact sustainability efforts?
Increase collaboration and knowledge sharing for better outcomes
What is a benefit of building a loyal customer base related to business sustainability?
Attracting and retaining more customers committed to sustainable practices
Test your understanding of the summary of Mazzucato's video on economic thinking from different eras regarding the concept of value creation. Explore the key ideas such as rethinking how we measure output, distinguishing value creation from extraction, and more.
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