Mark Carney (1965-)
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A Mark Carney (1965-) is a person.
- Context:
- It can typically lead central banking institutions through monetary policy decisions and financial stability measures.
- It can typically implement banking regulations through regulatory frameworks and supervisory mechanisms.
- It can typically advocate for climate-related financial disclosures through sustainable finance initiatives.
- It can typically shape international economic policy through global financial institution leadership.
- It can typically transition between public sector roles and private sector positions in the financial industry.
- It can typically influence political directions through party leadership and prime ministerial position.
- It can typically govern national economic policy through executive decision-making and cabinet leadership.
- ...
- It can often communicate government policy directions through press conferences and official statements.
- It can often collaborate with international leaders on global challenges through diplomatic engagements.
- It can often bridge economic expertise with political leadership through evidence-based governance.
- It can often advance climate policy agendas through international advocacy and domestic legislation.
- It can often represent Canadian interests in international forums through diplomatic presence.
- ...
- It can range from being a Central Bank Governor to being a National Political Leader, depending on its career progression.
- It can range from being a Financial Sector Executive to being a Public Sector Leader, depending on its career phase.
- It can range from being a Climate Finance Advocate to being a Head of Government, depending on its professional role.
- ...
- It can have academic credentials in economics from Harvard University and Oxford University for expertise establishment.
- It can form political coalitions with Liberal Party members for governance effectiveness.
- It can maintain diplomatic relations with international counterparts for global cooperation.
- It can develop policy platforms on economic issues and climate action for electoral appeal.
- ...
- Examples:
- Mark Carney Career Phases, such as:
- Mark Carney (2025-):
- Mark Carney (2020-2025):
- Mark Carney (2008-2020):
- Mark Carney (2013-2020), as Bank of England Governor navigating Brexit economic implications and financial stability concerns.
- Mark Carney (2011-2018), as Financial Stability Board Chair implementing post-financial crisis reforms.
- Mark Carney (2008-2013), as Bank of Canada Governor during the global financial crisis.
- Mark Carney (Pre-2008):
- Mark Carney (1990-2004), at Goldman Sachs in London, Tokyo, New York, and Toronto.
- Mark Carney Educational Backgrounds, such as:
- Academic Degrees, such as:
- Economics Doctorate from Oxford University (1995).
- Economics Master's Degree from Oxford University (1993).
- Economics Bachelor's Degree from Harvard University (1988).
- Academic Degrees, such as:
- Mark Carney Key Initiatives, such as:
- Climate Finance Initiatives, such as:
- Political Initiatives, such as:
- Liberal Party Leadership Campaign securing party leadership position.
- Prime Ministerial Transition succeeding Justin Trudeau.
- ...
- Mark Carney Career Phases, such as:
- Counter-Examples:
- Career Politicians, who typically follow traditional political paths rather than transitioning from financial leadership to political leadership.
- Economics Professors, who primarily engage in academic research rather than practical policy making and political governance.
- Corporate Executives, who typically focus on shareholder value rather than public interest and national governance.
- See: Prime Minister of Canada, Central Bank Governor, Financial Regulator, Climate Finance Leader, Bank of England, Bank of Canada, Goldman Sachs Executive, Liberal Party Leader.
References
2025
- (Wikipedia, 2025) ⇒ https://en.wikipedia.org/wiki/Mark_Carney Retrieved:2025-3-14.
- {{Mark Joseph Carney (born March 16, 1965) is a Canadian economist and politician who serves as the 24th prime minister of Canada and leader of the Liberal Party since March 2025. He previously served as the eighth governor of the Bank of Canada from 2008 to 2013 and the 120th governor of the Bank of England from 2013 to 2020.
Carney was born in Fort Smith, Northwest Territories, and raised in Edmonton, Alberta. He graduated with a bachelor's degree in economics from Harvard University in 1988, going on to study at the University of Oxford, where he earned a master's degree in 1993 and a doctorate in 1995. He held various roles at Goldman Sachs before joining the Bank of Canada as a deputy governor in 2003. In 2004, he was named as senior associate deputy minister for the Department of Finance Canada. In 2007, Carney was named Governor of the Bank of Canada, where he was responsible for Canadian monetary policy during the global financial crisis. He led the Canadian central bank until 2013, when he was appointed as Governor of the Bank of England, where he led the British central bank's response to Brexit and the early phase of the COVID-19 pandemic.
After leaving central banking, Carney served as chair and head of impact investing at Brookfield Asset Management and as chair of the board of directors for Bloomberg L.P.[1] He was also appointed the United Nations Special Envoy for climate action and finance. Carney also worked as one of many informal advisors to Canadian Prime Minister Justin Trudeau during the COVID-19 pandemic and was made chair of the Liberal Party's economic growth taskforce in September 2024. In early 2025, he announced his intention to seek the leadership of the Liberal Party of Canada, winning a landslide victory in March.
- {{Mark Joseph Carney (born March 16, 1965) is a Canadian economist and politician who serves as the 24th prime minister of Canada and leader of the Liberal Party since March 2025. He previously served as the eighth governor of the Bank of Canada from 2008 to 2013 and the 120th governor of the Bank of England from 2013 to 2020.
2025-03-14
- Perplexity.ai
- Question: What is Mark Carney's main literary work and how does it address the relationship between market values and societal values? Please analyze the structure, economic philosophy, and critical reception of his book "Value(s)", including its central themes and proposals for economic reform.
- Answer: Mark Carney, a former Governor of both the Bank of England and the Bank of Canada, has emerged as an influential voice in economic discourse through his major literary work "Value(s): Building a Better World for All." This comprehensive book, published in 2021, examines the fundamental distinction between market values and societal values, arguing that modern society has increasingly conflated price with worth, leading to significant social and economic crises. Through his writing, Carney offers a thoughtful critique of market fundamentalism while proposing concrete solutions to rebuild a more equitable economic system grounded in human values.
- Author Background:
- Economic Thinker:
- Mark Carney has established himself as a significant economic thinker with a unique perspective shaped by his experience in both public and private sectors.
- As an economist and former banker, Carney has spent his career in various financial roles, giving him valuable insights into how markets function and where they fall short.
- Bibliography:
- According to Goodreads, Carney has 10 books attributed to him, with "Value(s): Building a Better World for All" being his most popular work.
- His bibliography is set to expand with an untitled book scheduled for release on May 13, 2025.
- Economic Thinker:
- Book Structure and Content:
- Book Sections:
- "Value(s): Building a Better World for All" is a substantial work, spanning 608 pages and published by PublicAffairs.
- The book is divided into three distinct parts, each addressing different aspects of Carney's central argument.
- Part One establishes the case for how societal values have been eroded and replaced by market values.
- Part Two illustrates Carney's thesis by analyzing three major contemporary crises: the Financial Crisis of 2008, the COVID-19 pandemic, and climate change.
- Part Three presents Carney's recommendations for moving forward, outlining a proactive agenda spanning leadership and directions for a successful modern economy.
- Book Sections:
- Central Themes and Arguments:
- Value Confusion:
- The central premise of "Value(s): Building a Better World for All" is captured in its cleverly ambiguous title.
- Carney argues that modern society has confused the concepts of "value" (in the monetary sense) and "values" (in the moral and societal sense).
- As one reviewer summarizes: "In recent decades, subtly but relentlessly, we have been moving from a market economy to a market society."
- Market Fundamentalism:
- Throughout the book, Carney consistently returns to the thesis that market fundamentalism has corrupted our value systems.
- He argues that "unchecked market fundamentalism devours the social capital essential for the long-term dynamism of capitalism itself."
- This represents a sharp contrast to Milton Friedman-inspired free market views, positioning Carney as a centrist who believes in markets but acknowledges they require proper regulation.
- Value Confusion:
- Four Crises and Seven Values:
- Major Crises:
- Carney structures much of his analysis around four major crises facing modern society: the Global Financial Crisis, the Global Health Crisis (COVID-19), Climate Change, and the 4th Industrial Revolution.
- Through examining these challenges, he proposes responses that aim to transform market values back into human values.
- Essential Values:
- Underpinning Carney's vision for economic reform are seven essential values and beliefs he considers necessary for a successful modern economy.
- These are: dynamism, resilience, sustainability, fairness, responsibility, solidarity, and humility.
- These values recur throughout the book and form the foundation of his proposals for economic and social reform.
- Major Crises:
- Corporate Purpose and Leadership:
- Company Purpose:
- A significant portion of "Value(s): Building a Better World for All" addresses the role of companies and leadership in creating societal value.
- Carney questions what constitutes a company's purpose – what it stands for, what it does, and what it should be trusted to deliver.
- Shareholder Redefinition:
- Carney challenges traditional notions of shareholders as owners, describing them instead as "stakeholders who get paid after everyone else."
- While acknowledging that shareholder primacy is deeply rooted in corporate law, he suggests that building strong corporate cultures of integrity and trust can address the problems of incomplete controls.
- Carney emphasizes that companies driven by intrinsic purpose from which they derive profit tend to fare better over time.
- Company Purpose:
- Critical Reception:
- Positive Reception:
- "Value(s): Building a Better World for All" has received praise from some as "a landmark achievement."
- Will Hutton particularly commends Carney's diagnosis of early 21st-century banking as "gripping."
- Christine Lagarde, President of the European Central Bank, called it "the essential handbook for 21st century leaders."
- Critical Reception:
- Some reviewers find it "repetitive once you understand how he thinks" and critique Carney's writing style as bureaucratic.
- The book's extensive use of lists has been particularly noted by critics, with one review noting "There seems to be one [list] on every other page."
- Some publications have been harsher in their assessment, with the Daily Telegraph reportedly describing the book as "a muddled farce."
- Positive Reception:
- Carney's Economic Philosophy:
- Market Lies:
- Through "Value(s): Building a Better World for All," we gain insight into Carney's economic philosophy, which positions him as a moderate.
- Carney identifies "three lies of markets" that repeatedly lead to economic crises: "This time is different," "markets are always right/clear," and "markets are moral."
- Regulated Markets:
- Despite his critique, Carney remains committed to market economies.
- His position might best be described as advocating for regulated capitalism with a stronger emphasis on social values.
- Market Lies:
- Political Implications:
- Some reviewers have interpreted "Value(s): Building a Better World for All" as having political ambitions.
- One assessment suggests that the book "was his early application to be prime minister."
- Author Background:
- Citations:
[1] https://www.goodreads.com/book/show/54503528-value-s [2] https://www.thriftbooks.com/a/mark-carney/2123537/ [3] https://www.goodreads.com/book/show/55178183-values [4] https://www.policyalternatives.ca/news-research/mark-carneys-values-what-his-2021-book-reveals-about-the-leader-he-might-be/ [5] https://www.goodreads.com/author/list/15229021.Mark_Carney [6] https://www.linkedin.com/pulse/thoughts-mark-carneys-book-values-richard-irving [7] https://www.publicaffairsbooks.com/titles/mark-carney/values/9781541768710/ [8] https://www.good-governance.org.uk/assets/uploads/publication-documents/Books/Values-the-future-of-governance-and-society-GGI-book-review-July-2021.pdf [9] https://edmontonjournal.com/news/national/david-staples-mark-carneys-new-economic-promises-go-against-everything-he-values [10] https://en.wikipedia.org/wiki/Mark_Carney [11] https://www.penguinrandomhouse.ca/books/669023/values-by-mark-carney/9780771051579 [12] https://www.reddit.com/r/canadian/comments/1jamp8i/publication_of_mark_carneys_upcoming_book_will_be/ [13] https://canadiandimension.com/articles/view/i-read-mark-carneys-book-so-you-dont-have-to [14] https://sobrief.com/books/values [15] https://www.hachettebookgroup.com/contributor/mark-carney/ [16] https://www.nationalreview.com/2021/04/book-review-values-mark-carney/ [17] https://www.indigo.ca/en-ca/values-building-a-better-world-for-all/9780771051555.html [18] https://opencanada.org/book-review-values/
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