The Third Pillar

By Raghuram G. Rajan,

Book cover of The Third Pillar: How Markets and the State Leave the Community Behind

Book description

SHORTLISTED FOR THE FINANCIAL TIMES AND MCKINSEY BUSINESS BOOK OF THE YEAR AWARD 2019

From one of the most important economic thinkers of our time, a brilliant and far-seeing analysis of the current populist backlash against globalization and how revitalising community can save liberal market democracy.

Raghuram Rajan, author of…

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Why read it?

1 author picked The Third Pillar as one of their favorite books. Why do they recommend it?

Rajan’s book is an underappreciated perspective on what’s happening in markets today. Rajan is best known as the economist in 2005 who warned the financial community of the impending 2007 financial crash and was criticized for being misguided. In his 2019 book, he notes the problems of the first two pillars (Big Business and Government) in these financial crises and the importance of the third pillar (the Community) is solving the problem. Rajan and I agree on this notion, as the “Community-Based Supply Chain” is the foundation for my solutions needed in today’s communities and US economy.

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