The demand for moral guidelines in economic discourse is more and more often noted. Mark Carney, the former head of the Central Bank of England and the author of Value (S): Building a Better World for All, actively attracted public attention to the “Crisis of Values” in modern capitalism. It calls for revising traditional economic models that are focused exclusively on GDP growth and financial profit, while often ignoring moral and ethical aspects. In this article, we will consider in detail how philosophy influenced the formation of the economic views of Carni, what ideas formed the basis of its concept and how these principles can be implemented in practice to build a more fair and sustainable world economy.
The philosophical roots of the economic thinking of Carni
Mark Carney draws inspiration in the writings of classics of moral philosophy and political economy. He turns to Adam Smith, whose observations of the “invisible hand” of the market are combined with a call for mercy and a social feeling. In the traditions of Kantic ethics, Karni emphasizes the significance of autonomy and respect for human dignity - it cannot be considered the economy only as a mechanism for the exchange of goods, not taking into account the rights and freedoms of individuals. From the philosophers of the 20th century, such as the Amartia Saint and Michael Sandel, Carney adopted the idea that economic success is inextricably linked with social justice and the possibility of the participation of each person in creating values. It was the synthesis of these approaches that allowed him to formulate the idea that the economy should serve society, and not vice versa.
The concept of the "Crisis of Values" in Value (S)
One of the central topics of Value (S) is the “Crisis of Values”, in which financial indicators became an end in itself. In his opinion, the focus on narrow technical indicators, such as the profit and value of shares, replaced the concepts of concern for the future generation, ecology and social solidarity. It emphasizes that in the absence of a stable system of values of the organization, the organization lose their long -term perspective, and investors miss the risks associated with the deterioration of environmental health and the impoverishment of the population. The book demonstrates how philosophical categories - debt, responsibility, justice - can and should be applied to economic strategies in order to return humanity to financial calculations and avoid social upheavals.
Morality and sustainable development
One of the key arguments of Carni is the need to integrate moral principles into the approach to sustainable development. Here he refers to the ideas of Edward Fredkinsen and “ethics of care”, according to which the concern for the near and careful attitude to nature should become a compass for business and public institutions. Carni supports the ESG concept (environmental, social and managerial factors), expanding it with a philosophical justification: issues of justice, intercoral responsibility and dignity of labor come to the fore. He is convinced that such socially oriented management will not only strengthen trust between market participants, but in the future will increase its effectiveness, minimizing the risks of natural and social disasters.
The practical application of philosophical ideas in politics and business
Carni emphasizes that the high morality of the economy is achieved not only by declarations, but also by specific tools. He proposes to expand the scope of assessment of companies, including indicators of social capital, the quality of human potential and environmental impacts in the financial reporting. At the level of states, he advocates international standards for disclosing non -financial information and the introduction of mandatory reports on climatic risks. For business, Carni proposes to move from volunteering to the integration of value indicators into the management system: creating ethical committees, formalizing the principles of sustainability, long -term planning taking into account the rights of consumers and workers. Thus, philosophical ideas are transformed into real managerial practices and standards.
The role of central banks as guardians of values
A special place in the book occupies the role of central banks. When Karni headed the Bank of England and the Canadian Bank, he in practice tried to introduce value guidelines in macroeconomic decisions in the appropriate format. He put forward the idea of “green quantitative mitigation” when the volume of bond ransom depends on climatic criteria. The philosophical basis of this approach is to recognize that financial stability is inextricably linked with the stability of ecosystems and social cohesion. The central banks, according to Karni, should not only regulate the money supply, but also take into account environmental and social risks as part of their mandatory responsibility to society.
Criticism and calls for introducing a value approach
Despite the deep argument, the ideas of Karni are criticized by adherents of the classical economic school. They believe that the introduction of intangible indicators will complicate market mechanisms, create additional costs and reduce the competitiveness of companies. Carni replies that such fears are ignored by hidden social and environmental costs, which later appear in the form of financial crises, protest movements and environmental disasters. He calls not to see the problem of excessive regulation in the “Crisis of Values”, but to consider it as an opportunity to move to a more balanced and sustainable model of economic development.
The future of economic thought: the synthesis of morality and numbers
To overcome the “crisis of values”, Carni proposes to create a new paradigm where traditional quantitative indicators complement qualitative characteristics. He sees the future of the economy in the combination of Big Data and ethical filters, machine learning and principles of “fundamental responsibility”. In this context, philosophy is not something abstract, but with a fundamental tool for analysis and forecasting-the impromptu financial reports are taken into account by impact on Human Well-Being, a long-term ecosystem and the community. In his book, Carni gives examples of successful companies and institutions that have already begun to use this integrated approach, demonstrating that the ethical economy can be profitable and highly innovative.
Prospects for international cooperation
Carni emphasizes the need for a global dialogue about values. Economic and financial standards are developing in conditions of cross-risks-pandemia, climatic changes, digital inequality. Philosophy here offers tools for developing generally accepted ethical norms that will become a catalyst for trust between countries and markets. The creation of the International “Code of Values” for business and institutions can be a response to growing cross -border challenges and the key to sustainable cooperation in the XXI century. As a result of the integration of economic and moral guidelines, the world will be able to avoid fragmentation and preserve the potential for general well -being.
Conclusion
The philosophy permitting the book of Mark Karni Value (S) derives economic thought beyond the narrow framework of technical analysis of costs and benefits. His concept of the “crisis of values” draws our attention to the need to reassess the priorities so that the economy again begins to serve man and nature. The integration of ethical principles into the work of central banks, the development of corporate strategies and international standards reveals the path to a more fair and sustainable development model. Carni is convinced: only a harmonious combination of moral guidelines and economic instruments will solve large -scale global problems and ensure well -being for everyone.
The ideas proposed by him are becoming a starting point for discussions about the future of the world economy. The combination of philosophy and financial literacy can overcome the gap between profit and social responsibility, between growth and concern for the planet. Anyone who can find the key to the synthesis of these principles will be able to bring humanity to a new level of collective well -being and moral maturity.
