The Third Pillar
How Markets and the State Leave the Community Behind
In The Third Pillar, acclaimed economist Raghuram G. Rajan offers a fundamental framework for understanding the intricate relationship between markets, the state, and the often-overlooked 'third pillar'—the community. Rajan argues that a disproportionate focus on the first two has led to societal breakdown, increased despair, and political unrest. He posits that all economics is inherently socioeconomics, deeply embedded in human values and norms, and neglecting the community's role is not only
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About the author
16 books · 12 followers
Raghuram G. Rajan is an accomplished author and educator whose published works and academic contributions are widely featured across schools, universities, and readers in Nepal.
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