Value(s): The must-read book on how to fix our politics, economics and values

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Carney, however, falls short of condemning perpetual growth or 'the market' and instead offers (at length and not massively convincing) ways in which markets can be made to, or will make themselves, work more in our favour.

Bankers never learn, and as soon as things settle down and the economy picks up, bankers start taking forbidden chances again. However, after reading numerous lists of actions for governments, society and corporations, I was left a bit cold. To Schelling, the intangible qualities associated with life were not that different form other consumer goods. First some thoughts on the book, and generated by the book are presented followed by a summary of the main sections of the book based on what I took from it.To be effective, the forms of money must be at least as efficient at large scale as they are at smaller ones. Carney loves citing the wisdom of others, and many of the numerous quotes throughout the book are worth highlighting. Compliance is a contribution to society's success, the reciprocal obligations in the social contract rather than a response to Hobbesian state coercion.

Biography: Mark Carney is currently the UN Special Envoy for Climate Action and Finance and Prime Minister Johnson's Finance Adviser for COP26. 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? The book therefore turns to the imperatives of how to recognise and reinforce these essential social foundations of the common good. We get a history of money, central banks, and the Bank of England, the value of humility, what true leadership is, and many of the lessons Carney learned operating at a very high level in the world financial system. Read as one of the great global thinkers of our time examines how what we value has become misaligned and how we can rethink and rebuild before it is too late.But what I loved is how he constantly pulls his readers back to basics--to the values we live for and by.

As former Governor for the Bank of England Mark Carney said to the BBC: 'The message from the financial markets is there's a limit to unfunded spending and unfunded tax cuts in this environment. These are determining your purpose and sticking to it obsessively; bringing diversity and inclusiveness to your team; engaging issues with evidence; using intuition, and empathy; applying ethical leadership; and leading with humility, humanity, and hope. The importance of the state and the costs of its failure were starkly emphasised by COVID; this is even more so with the third shock he examines, climate change. Despite knowing and working with the who’s who of finance, Carney is not about to criticize anyone else.Fundamentally, those organizations which through their actions have contributed to the climate crisis, must contribute to solving it. Kept zoning out, getting irritated with Carney's writing style, and I don't think there were any points or ideas that really grabbed me or added anything new to my way of thinking about things. That is his main argument and if he stuck to it and then just gave us the details it would be a better book.