Good Value: Reflections on Money, Morality, and an Uncertain World

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Grove Press, 2010 - Business & Economics - 232 pages
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Can one be both an ethical person and a banker? Stephen Green, an ordained priest and chairman of HSBC, thinks so. In Good Value, Green retraces the history of the global economy and its financial systems, from early government granaries in Alexandria to the Italian banks that flourished during the Renaissance, and argues that despite its recent lapses, the financial industry is more necessary than ever. Also necessary, however, are good business-people who look to their principles before their profit margins. By recognizing the precedence of moral and spiritual values over immediate profit, Green says, we have the opportunity to remake capitalism while also helping the less fortunate and finding meaning in our own lives. He backs up his ideas for a "new capitalism" with anecdotes about microfinance, green technology, and a number of remarkable individuals who have changed the world by using the lessons they've learned in the global bazaar. A timely, thoughtful, and contrarian analysis of the most pressing financial and moral questions we face, Good Value presents us with the heartening possibility that through good ethics comes good business, and through good business comes a richer, more rewarding world for us all.

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About the author (2010)

Stephen Green is Senior Economist, China, for Standard Chartered Bank, Shanghai, and formerly Head of Asia Programme at Chatham House (the Royal Institute of International Affairs) in London. He holds a First Class Honours degree from Cambridge University and a Ph.D. in Government from the London School of Economics and Political Science. He has also studied in Taiwan, at Fudan University in Shanghai and at Culture and Language University in Beijing. His articles have appeared in the Financial Times, the South China Morning Post, and the Asian Wall Street Journal and he is a regulator commentator on China for CNN and the BBC.

Dr Guy S. Liu obtained his PhD from Oxford University, and specialized in economics of industry with a particular interest to China's enterprise reform. He is a lecturer at Brunel University and professor of Sichuan University in China. He also lectures on the Chinese economy and industry for the visiting MBA/EMBA programme at Oxford University. He has been invited as a guest editor of a special issue on China's economy and enterprise reform for a number of journals including China Economic Review, Economics of Planning and Corporate Governance - An International Review. He has also been involved in policy advisory work on Chinese enterprise reform for both the British and the Chinese government. He is a regular commentator on China's economic affairs for the BBC and Free Asia.

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