The Third Pillar: How Markets and the State Leave the Community Behind

by Raghuram Rajan

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Description

This incisive work examines how modern societies are shaped by three essential pillars: markets, the state, and the community—and argues that the third has been weakened by globalization, technological change, and political centralization. It explores how the retreat of local institutions and civic bonds has fueled economic insecurity, cultural division, and populist backlash. Blending economics, history, and political analysis, the book offers a compelling framework for understanding today’s social fractures and presents practical ideas for rebuilding vibrant, inclusive communities.

Available Editions

hardcover edition cover

hardcover

Penguin Press

Published Feb 26, 2019

464 pages

ISBN: 9780525558316

available

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Details

First Published

2019

Language

eng

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