Values
Building a Better World for All
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- USD 14.99
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- USD 14.99
Descripción editorial
NATIONAL BESTSELLER
A bold and urgent argument by economist and former bank governor Mark Carney on the radical, foundational change that is required if we are to build an economy and society based not on market values but on human values.
Our world is full of fault lines--growing inequality in income and opportunity; systemic racism; health and economic crises from a global pandemic; mistrust of experts; the existential threat of climate change; deep threats to employment in a digital economy with robotics on the rise. These fundamental problems and others like them, argues Mark Carney, stem from a common crisis in values. Drawing on the turmoil of the past decade, Mark Carney shows how "market economies" have evolved into "market societies" where price determines the value of everything.
When we think about what we, as individuals, value most highly, we might list fairness, health, the protection of our rights, economic security from poverty, the preservation of natural diversity, resources, and beauty. The tragedy is, these things that we hold dearest are too often the casualties of our twenty-first century world, where they ought to be our bedrock.
In this profoundly important new book, Mark Carney offers a vision of a more humane society and a practical manifesto for getting there. How we reform our infrastructure to make things better and fairer is at the heart of every chapter, with outlines of wholly new ideas that can restructure society and enshrine our human values at the core of all that we build for our children and grandchildren.
PUBLISHERS WEEKLY
Economist Carney, the former governor of the Bank of England, debuts with a powerful exploration of how the rise of "market fundamentalism" has been detrimental to economic systems and democratic values. He analyzes concepts of value espoused by Aristotle, Adam Smith, and Karl Marx; explains how 19th-century neoclassicists including William Jevons "shifted the axis of value theory from objective factors of production to the subjective perceived value of goods to the consumer"; and sketches the history of money and the banking system. Contending that the three major crises of the 21st century—the 2008 recession, Covid-19, and climate change—have their roots in the dominance of monetary value over all other forms of value, Carney shows how the privileging of "technologically empowered" financial institutions over retail investors undermines the "social fabric on which finance depends," outlines how the financial sector can help achieve a net-zero-carbon economy, and offers a 10-point framework for transitioning economies from Covid-19 relief to a "mission-oriented capitalism" that is equitable and green. Though Carney's history lessons are somewhat extraneous to his comprehensive and creative policy recommendations, this is an exhaustive and persuasive look at how and why the global financial system needs to be reformed.
