The Third Pillar: How Markets and the State Leave the Community Behind
Author: Raghuram Rajan
Brand: Penguin Press
Color: White
Binding: hardcover
Number Of Pages: 434
Release Date: 26-02-2019
Part Number: 33431588
Details: Raghuram Rajan, distinguished University of Chicago Professor, former IMF chief economist, head of India's central Bank, and author of the 2010 ft-goldman-sachs book of the year fault lines, has an unparalleled vantage point onto the social and economic consequences of globalisation and their ultimate effect on our politics. In he offers up a magnificent big-picture framework for understanding how these three forces-thee state, markets, and our communities-interactt, why things begin to break down, and how we can find our way back to a more secure and stable plane. ≪ br/> 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 economics is actually socioeconomic - all markets are embedded in a web of human relations, values and norms. As he shows, throughout history, technological Phase shifts have ripped the market out of those old webs and led to violent backlash, and to what we now call populism. Eventually, a new Equilibrium is reached, but it can be ugly and messy, especially if done wrong. ≪ br/> right now, we're doing it wrong. As markets scale up, the state scales up with it, concentrating economic and political power in flourishing central hubs and leaving the periphery to decompose, figuratively and even literally. Instead, Rajan offers a way to rethink the relationship between the market and Civil society and argues for a return to strengthening and empowering local communities as an antidote to growing despair and unrest. Rajan is not a doctrinaire conservative, so his ultimate argument that decision-making has to be devolved to the grass roots or our democracy will continue to wither, is sure to be provocative. But even setting aside its solutions,
EAN: 9780525558316
Package Dimensions: 9.6 x 6.5 x 1.5 inches
Languages: English
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The Third Pillar: How Markets and the State Leave the Community Behind
The Third Pillar: How Markets and the State Leave the Community Behind
Author: Raghuram Rajan
Brand: Penguin Press
Color: White
Binding: hardcover
Number Of Pages: 434
Release Date: 26-02-2019
Part Number: 33431588
Details: Raghuram Rajan, distinguished University of Chicago Professor, former IMF chief economist, head of India's central Bank, and author of the 2010 ft-goldman-sachs book of the year fault lines, has an unparalleled vantage point onto the social and economic consequences of globalisation and their ultimate effect on our politics. In he offers up a magnificent big-picture framework for understanding how these three forces-thee state, markets, and our communities-interactt, why things begin to break down, and how we can find our way back to a more secure and stable plane. ≪ br/> 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 economics is actually socioeconomic - all markets are embedded in a web of human relations, values and norms. As he shows, throughout history, technological Phase shifts have ripped the market out of those old webs and led to violent backlash, and to what we now call populism. Eventually, a new Equilibrium is reached, but it can be ugly and messy, especially if done wrong. ≪ br/> right now, we're doing it wrong. As markets scale up, the state scales up with it, concentrating economic and political power in flourishing central hubs and leaving the periphery to decompose, figuratively and even literally. Instead, Rajan offers a way to rethink the relationship between the market and Civil society and argues for a return to strengthening and empowering local communities as an antidote to growing despair and unrest. Rajan is not a doctrinaire conservative, so his ultimate argument that decision-making has to be devolved to the grass roots or our democracy will continue to wither, is sure to be provocative. But even setting aside its solutions,
EAN: 9780525558316
Package Dimensions: 9.6 x 6.5 x 1.5 inches
Languages: English
Product Information
Product Information
Shipping & Returns
Shipping & Returns
Description
Author: Raghuram Rajan
Brand: Penguin Press
Color: White
Binding: hardcover
Number Of Pages: 434
Release Date: 26-02-2019
Part Number: 33431588
Details: Raghuram Rajan, distinguished University of Chicago Professor, former IMF chief economist, head of India's central Bank, and author of the 2010 ft-goldman-sachs book of the year fault lines, has an unparalleled vantage point onto the social and economic consequences of globalisation and their ultimate effect on our politics. In he offers up a magnificent big-picture framework for understanding how these three forces-thee state, markets, and our communities-interactt, why things begin to break down, and how we can find our way back to a more secure and stable plane. ≪ br/> 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 economics is actually socioeconomic - all markets are embedded in a web of human relations, values and norms. As he shows, throughout history, technological Phase shifts have ripped the market out of those old webs and led to violent backlash, and to what we now call populism. Eventually, a new Equilibrium is reached, but it can be ugly and messy, especially if done wrong. ≪ br/> right now, we're doing it wrong. As markets scale up, the state scales up with it, concentrating economic and political power in flourishing central hubs and leaving the periphery to decompose, figuratively and even literally. Instead, Rajan offers a way to rethink the relationship between the market and Civil society and argues for a return to strengthening and empowering local communities as an antidote to growing despair and unrest. Rajan is not a doctrinaire conservative, so his ultimate argument that decision-making has to be devolved to the grass roots or our democracy will continue to wither, is sure to be provocative. But even setting aside its solutions,
EAN: 9780525558316
Package Dimensions: 9.6 x 6.5 x 1.5 inches
Languages: English
