Value(s) has two chapters on climate change, but neither one contains any thoughts on how to tame it.

He presents a 10 point plan for governments to manage the transition which includes having clear goals to move from the old to the new economy; setting clear rules on spending and borrowing; tapering the emergency; maximizing government investments to support both short and long-term economic activities which support the new economy; concentrating new budget measures on green activities that are job heavy; using regulatory policy to establish future directions for the new economy; providing financial sector policies to drive the transition to net zero; providing a disciplined approach to developing resiliency in the economy; tracking the sustainability of current spending; and developing new institutions for how we will work tomorrow. We have moved from a market economy to a market society, and this is now undermining our basic social contract of relative equality of outcomes, equality of opportunity and fairness across generations. And although he doesn’t go there, they are constantly fighting today’s battles with yesterday’s new tools, designed for the last crisis, which was completely different. This means that it is "critical to recognise the extent to which their value theories and economics were unified aspects of a much larger world (indeed heavenly) view.As money, "cryptocurrencies piggyback on the same institutional infrastructure that serves the overall financial system and therefore on the trust that it provides. The third and last section of the book was weaker than what went before, and disappointingly reads more like fleshed out notes from public speaking engagements. To address these lies Carney describes G20 reforms that are designed to make markets safer, simpler, and fairer. things are different this time; excessive leverage; and mis-aligned incentives which promoted very short-term thinking. Bizarrely, he does not accord to crypto the forgiveness he offers on every disaster in economic history.

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. Carney is at his most sure-footed and convincing on the rise of a market society and the accompanying decline of values. First Emergency COVID spending; second, current spending on ongoing programs; and third, capital measures to boost long-term productive capacity in the economy. The solution to incomplete controls and imperfect incentives is to build a strong corporate culture of integrity and trust.

We had the financial meltdown of 2008 and while we may have recovered financially, emotionally our levels of trust in financial institutions still needs repair. The chapter concludes with a discussion of making a transition to net-zero and makes macro recommendations for accomplishing this such as using metrics which identify the percentage of assets with a net-zero plan, the percentage of the portfolio that is net-zero aligned, the percent deviation form a target and portfolio warming - an assessment of potential global temperature rise for a given company or portfolio.

In brief, the gold standard guaranteed the stability of currency and exchange rate but was limited by the fact that gold is a finite resource. The book therefore turns to the imperatives of how to recognise and reinforce these essential social foundations of the common good.It is hard to disagree with Carney's closing sentiments: "When bankers become detached from end users, their only reward becomes money, ignoring the satisfaction from helping a client or colleague succeed. What Carney attempts in this book, is to provide a fact-based intellectual framework for reforming our institutions and building trust, transparency, and fairness and a hopeful, trusting society.