TY  - BOOK
AU  - Rajan,Raghuram
TI  - THE THIRD PILLAR: HOW MARKETS AND THE STATE LEAVE THE COMMUNITY BEHIND 
SN  - 9780525558330
U1  - 306.3 23
PY  - 2020///
CY  - New York
PB  - Penguin Press
KW  - Economic development
KW  - Social aspects
KW  - Economics
KW  - Sociological aspects
KW  - Capitalism
N1  - Includes bibliographical references and index
N2  - Rajan offers up a magnificent big-picture framework for understanding how three forces-- the state, markets, and our communities-- interact, why things begin to break down, and how we can find our way back to a more secure and stable plane. The "third pillar" of the title is the community we live in. Economists all too often understand their field as the relationship between markets and the state, and they leave squishy social issues for other people. That's not just myopic, Rajan argues; it's dangerous. All markets are embedded in a web of human relations, values and norms. Throughout history technological phase shifts have ripped the market out of those old webs and led to violent backlashes, and to what we now call populism. Rajan argues for a return to strengthening and empowering local communities as an antidote to growing despair and unrest. -- adapted from back cover  Read less
ER  -