“Wine is many things. Grappa is one thing: alcohol. Grappa is wine distilled/ Humanity is many things. Market is one thing: self-interested. Market is humanity distilled/ Your job is to turn grappa back into wine, market back into humanity./ This isn’t theology. This is reality. This is the truth”
These powerful lines of Pope Francis to an elite gathering of global policy makers at the Vatican are part of the Introduction in Value(s) by Mark Carney, former governor of both Bank of England and Bank of Canada. This sets the context for the book.
This leads the reader to expect a profound dissection of the fallibilities of markets, finance and the broader neo-liberal economic thought, with a “mea culpa” of