01714nam a2200253 i 4500003000400000005001700004008004100021020003800062040002500100082001400125100003000139245009500169264003700264264001100301300003100312336002100343337002500364338002300389504005100412520090200463650004301365650003701408650001501445OSt20211028094239.0211028t20192020nyu    e      001 0 eng d  a9780525558330cRM59.95qpaperback  aPPAKbengcPPAKerda04223a306.31 aRajan, Raghuram,eauthor.14aTHE THIRD PILLAR :bHOW MARKETS AND THE STATE LEAVE THE COMMUNITY BEHIND /cRAGHURAM RAJAN 1aNew York :bPenguin Press,c2020 4c©2019  axxviii, 430 pages ;c21 cm  2rdacontentatext  2rdamediaaunmediated  2rdacarrieravolume  aIncludes bibliographical references and index.  aRajan 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 less10aEconomic development vSocial aspects.20aEconomicsvSociological aspects.20aCapitalism