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

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The Third Pillar: How Markets and the State Leave the Community Behind is a book by economist Raghuram Rajan that argues for restoring the role of local communities as a counterbalance to the power of markets and the state in modern society.

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Statements (46)

Predicate Object
instanceOf book ⓘ
advocates policies that support community-based solutions ⓘ
strengthening local civic institutions ⓘ
subsidiarity in governance ⓘ
author Raghuram G. Rajan ⓘ
linked to: Raghuram Rajan

Raghuram Rajan ⓘ
centralConcept three pillars of society ⓘ
countryOfOrigin United States ⓘ
criticizes excessive faith in unfettered markets ⓘ
over-centralization of political power ⓘ
top-down technocratic policymaking ⓘ
describes community as one pillar of society ⓘ
market as one pillar of society ⓘ
state as one pillar of society ⓘ
examines historical evolution of the relationship between markets, state, and community ⓘ
impact of technology and globalization on communities ⓘ
rise of populism in advanced economies ⓘ
role of education and skills in community resilience ⓘ
genre economics ⓘ
non-fiction ⓘ
political economy ⓘ
public policy ⓘ
language English ⓘ
mainSubject community institutions ⓘ
democracy ⓘ
financial crises ⓘ
globalization ⓘ
inequality ⓘ
local communities ⓘ
markets ⓘ
populism ⓘ
social cohesion ⓘ
state ⓘ
notableFor argument that community has been neglected in modern policy debates ⓘ
framework of three pillars: state, markets, and community ⓘ
originalPublisher Penguin Press ⓘ
proposes decentralization of power ⓘ
re-empowering local communities ⓘ
reforms to make markets more inclusive ⓘ
reforms to make the state more responsive to communities ⓘ
targetAudience economists ⓘ
general readers interested in economics and politics ⓘ
policy makers ⓘ
thesis ignoring the community leads to social and political backlash ⓘ
markets and the state have grown at the expense of local communities ⓘ
strong local communities are necessary to balance markets and the state ⓘ

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Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

Raghuram Rajan → notableWork → The Third Pillar: How Markets and the State Leave the Community Behind ⓘ
Fault Lines: How Hidden Fractures Still Threaten the World Economy → followedBy → The Third Pillar: How Markets and the State Leave the Community Behind ⓘ
Raghuram Govind Rajan → notableWork → The Third Pillar: How Markets and the State Leave the Community Behind ⓘ