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Chapter Overview
Chapter 1: AudiobookHub Recommendation
Chapter 2: The feudal manors across medieval Europe were absorbed by rising new nation-states.
Chapter 3: Free markets expanded rapidly for a time, then faced a widespread popular backlash across nations.
Chapter 4: World War II ushered in a period of extraordinary growth and prosperity, but it didn’t last long.
Chapter 5: Market deregulation created inequalities that subsequent technologies have further worsened.
Chapter 6: Social stratification set the stage for populist revolts sparked by recent major upheavals.
Chapter 7: So-called emerging markets confront their own challenges.
Chapter 8: Inclusive localism provides an alternative to populism and a way to rebalance the three pillars of our economies.
Chapter 9: Both the state and local communities play vital roles in renewing communities today.
Chapter 10: States ought to promote fair competition domestically and internationally.
Description
The Third Pillar (2019) traces the evolving relationship between the three “pillars” of human life – the state, markets and communities – from the medieval period to our own age. Economist Raghuram Rajan argues that, throughout history, societies have struggled to find a sustainable balance between these pillars. Today is no different: caught between uncontrolled markets and a discredited state, communities everywhere are in decline. That, Rajan concludes, is jet fuel for populist movements. But a more balanced kind of social order is possible.
Who Should Listen
- Anyone apprehensive about the rise of intolerant political movements
- Historians and economists
- Community organizers and neighborhood activists