The Third Pillar,Used

The Third Pillar,Used

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SKU: SONG0008276307
Brand: Harper Collins UK
$9.94 $14.20
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SHORTLISTED FOR THE FINANCIAL TIMES AND MCKINSEY BUSINESS BOOK OF THE YEAR AWARD 2019From one of the most important economic thinkers of our time, a brilliant and farseeing analysis of the current populist backlash against globalization and how revitalising community can save liberal market democracy.Raghuram Rajan, author of the 2010 FT & GoldmanSachs Book of the Year Fault Lines, has an unparalleled vantage point onto the social and economic consequences of globalization and their ultimate effect on politics and society.In The Third Pillar he offers up a magnificent bigpicture 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.Right now, we're doing it wrong. As markets scale up, government 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

⚠️ WARNING (California Proposition 65):

This product may contain chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.

For more information, please visit www.P65Warnings.ca.gov.

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