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

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We can continue to let financial valuation narrow our values or we can create an ecosystem in which society's values broaden the market's conceptions of value. 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. As money, "cryptocurrencies piggyback on the same institutional infrastructure that serves the overall financial system and therefore on the trust that it provides. He points out the risk that depositors become concerned about the bank's solvency and withdraw more funds than the bank can meet. 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.

The main concept is that value (monetary or how much something can be exchanged for) does not necessarily align with our values.To be effective, the forms of money must be at least as efficient at large scale as they are at smaller ones. This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. He concludes these chapters with a helpful summary: "economic theories of value went from objective, with value tied to factors of production and how production takes place, to subjective, with value being in the eye of the beholder and determined by preferences. Value(s) has two chapters on climate change, but neither one contains any thoughts on how to tame it. Finally, nations need to foster outward looking patriotism (distinct from inward looking nationalism): "The nation serves an essential economic role, but it is much more than a collection of marketplaces or a trade negotiator.

These questions, which vexed Carney during his time as the governor of the Bank of England, are those that he sets out to explore in this stimulating book. Soul enriching passage at the rear detailing how one should follow one's values and sense of fun when deciding upon a career/job to be more fulfilled.To address these lies Carney describes G20 reforms that are designed to make markets safer, simpler, and fairer. Fiscal responsibility’ can be achieved by investing in short-term public goods while setting the long-term direction for the economy by providing green energy incentives and developing policies to move us to net-zero.

Personally, I would like to see a better roadmap for achieving this; but recognize that there is only so much one can do in 600 pages. My thought was that all twelve make sense, but how they are implemented and enforced across countries make all the difference in their effectiveness.

He notes that there has been a contraction in supply and demand has fallen worldwide by about 10% by the middle of 2020.

His solutions are tangible action plans for leaders, companies and countries to transform the value of the market back into the value of humanity. The book provides an original condemnation of today’s economics as surrendering the quest for objective value grounded in the essence of our humanity.His book is essential reading for today's economic crisis and provides answers to your questions as well as solutions for the future. The reason I brought this book was the author, the handful of books I have read on economics are largely written by academics and journalists, who are merely observers. But through it all, the three lies continue to come back to bite the economies of countries again and again.