Who really creates wealth in our world? And how do we decide the value of what they do? At the heart of todays financial and economic crisis is a problem hiding in plain sight.

In modern capitalism, value-extraction is rewarded more highly than value-creation: the productive process that drives a healthy economy and society. From companies driven solely to maximize shareholder value to astronomically high prices of medicines justified through big pharmas value pricing, we misidentify taking with making, and have lost sight of what value really means. Once a central plank of economic thought,...