Building a Better World for All
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.
About this Author
MARK CARNEY is currently the U.N. Special Envoy for Climate Action and Finance and the U.K.'s Finance Advisor for COP26. Mark was previously Governor of the Bank of England (2013-2020), and Governor of the Bank of Canada (2008-2013).
Internationally, Mark was Chair of the Financial Stability Board (2011-2018). 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 (2013-2020). He is a member of the Group of Thirty, the Foundation Board of the World Economic Forum, and the boards of Bloomberg Philanthropies, the Peterson Institute for International Economics, and the Hoffman Institute for Global Business and Society at INSEAD.
Mark obtained a bachelor degree in Economics from Harvard and masters and doctorate degrees in Economics from Oxford. Born in Fort Smith, NWT, he lives in Ottawa.
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