In this first lecture, recorded with a virtual audience, Mark Carney reflects that whenever he could step back from what felt like daily crisis management, the same deeper issues loomed. What is value? How does the way we assess value both shape our values and constrain our choices? How do the valuations of markets affect the values of our society?

Carney argues that society has come to embody Irish writer Oscar Wilde's old aphorism: 'Knowing the price of everything but the value of nothing.'

A version for television of the programme first broadcast on BBC Radio 4 on Wednesday 2 December. Show less