What do you value? Why is it that often the things we value the most – from frontline nurses to the natural environment to keeping children well fed and educated – seem of little importance to economic markets?
In Value(s), one of the great economic thinkers of our time examines how economic value and social values became blurred, how we went from living in a market economy to a market society, and how to rethink and rebuild before it's too late. The book will help arm the best in business, finance and government, and disarm the worst.
During his time as a G7 central banker and seven years spent as Governor of the Bank of England, Mark Carney witnessed the collapse of public trust in elites, globalisation, and technology; the challenges of the 4th Industrial Revolution and the existential threat of the growing climate emergency. Drawing on a truly international perspective to our greatest problems, Value(s) sets out a framework for the change needed for an economic and social renaissance in a post-COVID world. Embedding the values of sustainability, solidarity and responsibility into all decision-making is integral to his argument for how we can channel the dynamism of the market to turn intractable problems into enormous opportunities. His deeply researched and forward-looking manifesto goes to the heart of what we've got wrong in the past and offers action plans to set it right for individuals, businesses, investors and governments.
In short, Value(s) sets out how we can build a better world for all. It is a book that offers achievable solutions to global problems, building a future fit for our children, grandchildren and generations to come. 'The ten pages where he takes down routine market fables are worth the price of the book alone.' writes Will Hutton.
Mark Carney is currently the UN Special Envoy for Climate Action and Finance and Prime Minister Johnson’s Finance Adviser for COP26. Mark was previously Governor of the Bank of England (2013 to 2020), and Governor of the Bank of Canada (2008 to 2013).
Internationally, Mark was Chair of the Financial Stability Board (2011 to 2018). He chaired the Global Economy Meeting and Economic Consultative Committee of the Bank for International Settlements (2018-2020), and was First Vice-Chair of the European Systemic Risk Board (from 2013-2020). He is a member of the Group of Thirty, the Foundation Board of the World Economic Forum, as well as the boards of Bloomberg Philanthropies, the Peterson Institute for International Economics and the Hoffman Institute for Global Business and Society at INSEAD.
Mark was born in Canada in 1965. He obtained a bachelor degree in Economics from Harvard and masters and doctorate degrees in Economics from Oxford.
"This assault on the modern free market is a landmark achievement. It will help arm the best in business, finance and government and disarm the worst."
– Will Hutton, Observer
"A sweeping intellect [...] This is an important book"
– Evening Standard
"A stimulating read [...] offering hope that we can build a post-pandemic economy based on solid values"
– Daily Mail
"A radical book that speaks out accessibly as to how we get everyone involved in solving our problems. And this is what we need: 50 Shades of People for 50 Shades of Green"
"Mark Carney's indispensable new book asks how we can go from knowing the price of everything to understanding its true value [...] this is the essential handbook for 21st century leaders, policymakers and everyone who wants to build a fair and sustainable world"
– Christine Lagarde
"A roadmap to a fairer and more responsible, resilient world. Carney offers trenchant insights into our relationship with money and status, imagination and responsibility critical to our world's future. What do we invest in – profit or human potential? This book is irradiated with the inspiring and critical conviction that money can be transformed into a tool of collective good'
"A fantastic read for anyone interested in the most pressing issues facing us. The need for a world of profit with better purpose is explained in such a clear and persuasive style. I hope it gets read by many people"
– Jim O'Neill
"Thought-provoking and readable [...] As societies struggle to rebuild solidarity in the post-COVID world, it will be an essential guide"
– Raghu Rajan
"Mark Carney draws on his unique experience of running two central banks to offer original and thought provoking solutions to the world's biggest challenges – from COVID to climate change"
– Gordon Brown