Posted 20 hours ago

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

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Its not a bad chapter by any means, but, like some other stretches of this book, seems like it could have used a strong editor to give it cohesion.

As markets best reflect our subjective preferences, there is nothing to be done except surrender to their will. Values represent "principles or standards of behaviour; they are judgements of what is important in life," whereas value "is the regard that something is held to deserve - the importance, worth or usefulness of something. It just means banks will continue to be bailed out, currencies will continue to be manipulated, and debt will continue to rise. There will be losers from any new system and those who know they will lose will fight tooth and nail to keep what they have. Everything can be reduced to three, four or five points, with a couple of sevens in there along the way.Even for Alan Greenspan, whose hands-off administration led The Great Moderation of supposedly endless stability to the great financial crisis of 2008 (which for some has still not ended), Carney has no critique.

This is quite different to how our economies work today, so he turns next to consider subjective perspectives of value. We are at a pivotal moment in the fight against climate change – with the ultimate opportunity to reassess what society values and how we can better respond to future crises. He emphasises that the future is always uncertain, that we can’t predict everything, and that chance plays a large role in both success and failure.His book is essential reading for today's economic crisis and provides answers to your questions as well as solutions for the future. It is accepted by you that Daunt Books has no control over additional charges in relation to customs clearance.

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