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

NUMBER ONE BESTSELLER IN INDIA

'Insightful and impressive ... As local governments get to work, they could certainly use the help of more thinkers of Mr. Rajan's calibre.' Wall Street Journal

'Skilfully unpicks the tensions between capitalism, democracy and community ... An important and timely new book' Financial Times

'An important contribution to understanding why, a decade after the crisis, the world's politics and economics remain so brittle' Times

'Rajan's account of corporate misbehavior is very well told' Project Syndicate

'Fresh, insightful and engaging. Offers a brilliant reckoning with one of today's most important and potentially crippling challenges ... [His] clear and compelling case goes well beyond protecting the vulnerable. It's also, critically, about enhancing the whole' Mohamed El-Erian, author of When Markets Collide and The Only Game in Town

'A strikingly insightful analysis of the penalties of neglecting the critically important role of community, by concentrating too much on the perceived efficacy of the markets and the state. Rajan brings out loudly and clearly why this imbalance needs urgent correction' Amartya Sen, Nobel Prize winner in Economic Sciences

'My parents lived through the Great Depression, the rise of Fascism, and World War II. I thought I was brought up in a world organized in a fundamentally different way. I was wrong. We all need to start thinking about this issue right now and this book is a place to begin' James A. Robinson, co-author of Why Nations Fail