01798nam a2200289 i 4500 OSt 20211028094239.0 211028t20192020nyu e 001 0 eng d 9780525558330 RM59.95 paperback PPAK eng PPAK rda 23 306.3 306.3 RAJ G Rajan, Raghuram, author. THE THIRD PILLAR : HOW MARKETS AND THE STATE LEAVE THE COMMUNITY BEHIND / RAGHURAM RAJAN New York : Penguin Press, 2020 ©2019 xxviii, 430 pages ; 21 cm rdacontent text rdamedia unmediated rdacarrier volume Includes bibliographical references and index. 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 Economic development Social aspects. Economics Sociological aspects. Capitalism ddc B 185744 185744 0 0 PPAK G 2021-11-14 1 306.3 RAJ A01709444 2023-07-08 10:01:18 2023-06-19 B