The Third Pillar

In this influential work, former Reserve Bank of India governor Raghuram Rajan argues that the balance between markets, the state, and local communities has been disrupted. He examines how technological change and globalization have weakened communities, leading to populism and social unrest. Rajan proposes solutions to restore this balance and strengthen the 'third pillar' of community to create a more inclusive and sustainable society. A thoughtful analysis of modern capitalism's challenges.