Mark Carney, former governor of both the Bank of Canada and Bank of England, will release a book next spring on ways to build a more inclusive society in the wake of the COVID-19 pandemic.
The book will have the title “Value(s): Building a Better World for All” and will be published in the U.K. by William Collins Books, according to a Twitter post from the company on Wednesday. McClelland & Stewart will publish the book in Canada and PublicAffairs in the U.S. It’s due next spring.
Carney, 55, stepped down from the Bank of England in March after a term of almost seven years. He ran the Bank of Canada between 2008 and 2013 and has since moved back to Ottawa.
“In recent decades, many countries have been moving, subtly but relentlessly, from market economies to market societies, where the price of everything is becoming the value of everything,” Carney said in a statement released by McClelland & Stewart. “But when pushed during the Covid crisis, we’ve prioritized the health of the most vulnerable and supported each other, acting as an interdependent community not as independent individuals. Now, we have the chance for our values to shape our possibilities, creating a dynamic economy that works for all and sustainably over time.”
In Canada, Carney’s superstar status remains intact. The former Goldman Sachs banker is regarded as having been one of the nation’s most influential non-elected public servants on economic files.
He was an adviser to two governments before he took the helm of the central bank in 2008, putting it at the center of government decisions.
More recently, he’s turned his attention to climate change issues. Carney has taken up a role as special envoy at the United Nations, where he’s focusing on mobilizing private finance to help achieve the Paris climate goals.
He’s also advising U.K. Prime Minister Boris Johnson on environmental issues for the COP26 conference.
In an op-ed last week in the Guardian newspaper with Bank of England Governor Andrew Bailey, Bank of France Governor Francois Villeroy de Galhau, and Netherlands central bank’s Frank Elderson, Carney wrote that the current crisis “offers us a once-in-a-lifetime opportunity” to rebuild the economy in order to withstand the coming shock of a climate breakdown.