- Hardcover: 224 pages
- Publisher: Allen Lane; 1st Edition edition (2 July 2009)
- Language: English
- ISBN-10: 1846142369
- ISBN-13: 978-1846142369
- Product Dimensions: 16.2 x 2.4 x 24 cm
- Average Customer Review: 3.8 out of 5 stars See all reviews (10 customer reviews)
- Amazon Bestsellers Rank: 586,814 in Books (See Top 100 in Books)
Good Value: Reflections on Money, Morality and an Uncertain World Hardcover – 2 Jul 2009
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'A remarkable book...Stephen Green weaves together his reflections on economics, geopolitics, history, philosophy, literature and religion against the background of the current crisis. Deeply challenging as he confronts the most vexed questions of our age.' -- Lord Griffiths, Vice Chairman of Goldman Sachs International
'An intensely intimate, refreshing and at times searing read ... Green's book should be required reading in business schools and boardrooms where flip charts and Powerpoint presentations dominate.' -- Evening Standard
'Entertaining, unpompous, clever, likeable ... Stephen Green is remarkably like his new book ... a stunning tour de force analysis of the state of the world.' -- Management Today
'In this very personal book Stephen Green offers a moral reading of the recent economic crisis, setting it in a 2,000 year sweep of scripture and economics, history and literature that runs from Isaiah to Faust.'
-- Neil MacGregor, Director of the British Museum
'There could hardly be a better moment for this book to be published.' -- Rowan Williams, Archbishop of Canterbury
'A remarkable book...Stephen Green weaves together his reflections on economics, geopolitics, history, philosophy, literature and religion against the background of the current crisis. Deeply challenging as he confronts the most vexed questions of our age.'See all Product Description
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Top Customer Reviews
Some of it is interesting, though occasionally it reads a bit like a school textbook, or a few paragraphs from several school textbooks - a brief history of civilization, a touch of the classics, the scriptures.
Written in a straightforward style, it's an easy enough read, with a very sound message about morals and corporate responsibility. Unfortunately the one thing that might have made this book stand out - a few revelations about life at the top of a large global bank, from this insider of the financial world - we don't get. The closest we come to anything really critical about banks and their role in the 2007/8 financial crisis (which I think is the peg for this book, though it's possible the author intended to write this anyway and the crisis came along while he was doing so) is a reminder that the sins of arrogance and greed are hard to forgive.
So in the end the most interesting thing about this book is the fact that the author, who was the chairman of HSBC bank when he wrote this in 2008/9, is also an ordained priest in the Church of England, and in 2010 became minister of state for trade and investment, joining the House of Lords as a baron.Read more ›
SG makes several "final" statements about the economic system that he believes to be true, which coming from a person with so much credibility should be accepted by all.
For example: "The Friedmanite (Milton Friedman) idea that the sole job of a business is to create profit for shareholders has proved insufficient to sustain value and-in the end- a bad deal for shareholders". Richard Lambert, the Director General of the CBI (Confederation of British Industry) still wrote in 2010 in the FT: "Business in some ways quite simple. It has clearly defined aims. The aim is to make money." And Lambert is far from the only one still holding this view.
Other example: "Government oversight, regulation and, in time of stress, intervention are essential". "Markets cannot be relied on to be stable and self-regulating". Good-bye to laissez faire and egocentric country sovereignty.
Other example: "Nor can the market be relied upon to be sufficient for a balanced social development (that is solve poverty problems)"
However, make no mistake SG consider the free market the prime force for the development of prosperity; he makes many suggestions how to channel it for the benefit of society at large.Read more ›
Most Recent Customer Reviews
A most interesting man . I found this book very thought provoking. Banking and morality are not often thought to go together. An excellent insight into the banking world.Published on 18 July 2010 by Carol Mackenzie
Depending on your perspective, HSBC Chairman Stephen Green's analysis of the global economy and the moral ambiguities that will inevitably shape society's evolution is either... Read morePublished on 5 April 2010 by Rolf Dobelli
Depending on your perspective, HSBC Chairman Stephen Green's analysis of the global economy and the moral ambiguities that will inevitably shape society's evolution is either... Read morePublished on 2 Nov. 2009 by Rolf Dobelli
Good Value is exactly what it says. Good messages that we would all do well to reflect upon.Published on 26 Sept. 2009 by Jim Trayer
This is an overview that is broad in scope that could probably not have been written by any other major Bank Chaiman/CEO because of the broad international reach of the HSBC. Read morePublished on 22 Aug. 2009 by J. Mason