Global Agenda Council on Values in Decision-making 2011

We have failed to articulate and make explicit the values that currently drive our economic systems and which therefore lie behind the set of systemic and interlinked problems the world faces today. Even if our individual choices are ethical, the collective outcomes of these choices may not be. In order to articulate values for the global economic system, we need to engender a discourse about them and need systemic solutions based on agreed moral principles.

The current economic crisis – a crisis of values – presents an opportunity to realign our collective moral compass, in part by tapping into faith traditions, which serve as sources of identity and ethical orientation for individuals, families, communities and societies. To do so the Council on Values is proposing a new mindset for a more moral economy.