In a sprawling new book, economist Mark Carney, the only person to serve as the central banker of Canada and of the United Kingdom, traces the relationship between value and values. He argues that our society’s deepest challenges are rooted in the narrowing of our values to market fundamentalism, examines the causes and responses to the three most significant crises of the 21st century—credit, COVID-19, and climate—and proposes a framework for countries to build value for all.
On June 7 at the Hutchins Center on Fiscal and Monetary Policy at Brookings, Carney talked with David Wessel, the Center’s director, about his new book, “Value(s): Building a Better World for All,” and his views on the social, economic, and climate challenges of our time. Carney, now vice chair and head of environmental, social, and governance (ESG) and impact investing at Brookfield Asset Management, was governor of the Bank of Canada from 2008 to 2013 and governor of the Bank of England from 2011 to 2018. Before that, he worked in Canada’s finance ministry and, for 13 years, at Goldman Sachs.
During the live event, viewers submitted questions for panelists at sli.do using the code #CarneyValues, or join the conversation on Twitter using the hashtag #CarneyValues.