Value Of Nothing
Why Everything Costs So Much More Than We Think
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5.0 • 3 Ratings
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- $11.99
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- $11.99
Publisher Description
As retirement funds shrink, savings disappear and houses are foreclosed on, now is a good time to ask a question for which every human civilization has had an answer: why do things cost what they do? The Value of Nothing tracks down the reasons through history, philosophy, neuroscience and sociology, showing why prices are always at odds with the true value of the things that matter most to us.
Damien Hirst’s diamond-encrusted skull sold for a record $100 million at auction. But if we account for the possibility that blood diamonds were used (as many suspect), the human cost is even greater. A Big Mac might seem like the best deal in these economic times, but after analyzing the energy to produce each burger, from field to Happy Meal, Patel argues the real price tag is a whopping $200. But it is easiest to see the gap between price and value by looking at things that are so-called free. Examining everything from Google to TV, from love to thoughts, The Value of Nothing reveals the hidden social consequences of our global culture of “freedom.”
PUBLISHERS WEEKLY
Expanding on his analysis and recommendations in Stuffed and Starved, which located the horrifying imbalance in the world's food system in its profit-driven framework, activist and academic Patel critiques "free market culture" at a moment of universal crisis, both economic and environmental. Beginning with a historically grounded account of market society's operative assumptions, "the way capitalism sets the terms of value," Patel takes aim at the notion of "Homo economicus": a vision of human beings as self-interested utility-maximizers integral to market society's dollar-valuation of everything. Through a shrewd and absorbing discussion, Patel exposes the flaws in the "model of the world in which people are... prepared to override their own better judgment in service of their selfish natures" and the nominal separation of the economy and the state, describing the relationship as compromised but also more "plastic" then we are often led to believe. With due attention to the developing world as well as Europe and North America, the author offers examples of the "countermovement" underway and urges us to build on a vision of ourselves far more extensive, generous and hopeful than that confined to market society's Homo economicus.
