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Lecture 3 “From Covid Crisis to Renaissance”

Mark Carney looks at the tensions between economic and human values during the Covid crisis. Can human life be assigned a monetary value? How do different states calculate that?

Mark Carney, the former Governor of the Bank of England, observes that the pandemic has forced states to confront how we value health, wealth and opportunity. During the first few months of the crisis, most states chose to value human life more than the economic well-being of the nation-state. But if that seems to be changing how do we assess value in this sense?

Dr Carney elucidates surprising differences in the financial value put on a human life in different nations – and goes on to argue that this reductionist approach fails to take into account deeper thinking about the worth of human existence

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