The Third Pillar: How Markets and the State Leave the Community Behind, is an insightful and thought-provoking analysis of the current populist backlash against globalization with a proposal for an alternative, more secure, and peaceful path through empowering local communities.
Raghuram Rajan is a Distinguished Service Professor of Finance at the University of Chicago Booth School of Business. He was the Governor of the Reserve Bank of India, the Vice-Chairman of the Board of the Bank for International Settlements and the Chief Economist at the IMF. He is the author of the 2010 Financial Times Book of the Year, Fault Lines: How Hidden Fractures Still Threaten the World Economy.
