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About Reith 2020 Lecture 1 Transcript
This summary provides an overview of Dr. Mark Carney's first Reith Lecture on shifting from moral to market sentiments: 1) Carney traces the evolution from Adam Smith's focus on moral sentiments in 18th century Glasgow to today's prioritization of financial values over human values. 2) He discusses three paradoxes of value - why essentials like water are cheap while luxuries like diamonds are expensive, why financial markets highly value companies like Amazon but not the natural environment, and why some essential jobs are undervalued. 3) Carney argues that concepts of value have narrowed to focus on economic and financial theory, rather than broader values of fairness, sustainability, and resilience, contributing to today's
Detailed Information
| Author: | ['Huy Bui'] |
|---|---|
| Publication Year: | 2021 |
| Pages: | 16 |
| Language: | English |
| Format: | |
| Price: | FREE |
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