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The Third Pillar
The Third Pillar
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ISBN:
9780008276263
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Author
Raghuram Rajan
Format
Hardcover
Number of pages
464
Publisher
William Collins
Size
15.9 x 4.1 x 24
Year of publication
2019
Weight
0.50kg
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About the book The Third Pillar
In The Third Pillar he offers up a magnificent big-picture framework for understanding how three key forces – the economy, society, and the state – 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 society. Economists all too often understand their field as the relationship between the market and government, and leave social issues for other people. That's not just myopic, Rajan argues; it's dangerous. All economics is actually socioeconomics – all markets are embedded in a web of human relations, values and norms. As he shows, throughout history, technological innovations have ripped the market out of old webs and led to violent backlashes, and to what we now call populism. Eventually, a new equilibrium is reached, but it can be ugly and messy, especially if done wrong.
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Raghuram Rajan
Raghuram Rajan
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