Publisher's Synopsis
::::::::::::: DISCLAIMER::::::::::::: All ?f ?ur books ?r? ?nt?nd?d ?? companions' t?, n?t replacement f?r, th? original t?tl??. ContentPush is wholly responsible for all ?f th? content ?nd is not ???????t?d w?th the ?r?g?n?l authors' ?n ?n? w??.::::::::::::: ABOUT BOOK::::::::::::: The Third P?ll?r (2019) tr???? the ?v?lv?ng r?l?t??n?h?? b?tw??n the three "??ll?r?" ?f human l?f? - the ?t?t?, m?rk?t? ?nd ??mmun?t??? - fr?m the medieval period t? our ?wn ?g?. E??n?m??t R?ghur?m Rajan ?rgu?? that, thr?ugh?ut history, ?????t??? h?v? ?truggl?d t? find a sustainable balance b?tw??n th??? ??ll?r?. T?d?? is no d?ff?r?nt: caught b?tw??n uncontrolled markets ?nd a d???r?d?t?d state, ??mmun?t??? everywhere are ?n d??l?n?. Th?t, R?j?n ??n?lud??, ?? j?t fu?l f?r ???ul??t m?v?m?nt?. But a m?r? balanced k?nd ?f ?????l order ?? possible.::::::::::::: ABOUT TH? AUTH?R::::::::::::: R?ghur?m Rajan ?? ?n ???n?m??t ?nd Pr?f????r of Finance ?t th? Un?v?r??t? of Ch???g? B??th S?h??l ?f Bu??n???. H? w?? the Chief E??n?m??t ?nd Director ?f R????r?h ?t th? Int?rn?t??n?l M?n?t?r? Fund between 2003 ?nd 2006 ?nd th? G?v?rn?r of th? R???rv? Bank of Ind?? b?tw??n 2013 and 2016. His previous book, F?ult L?n?? H?w Fr??tur?? St?ll Threaten th? W?rld E??n?m? (2010), won the 2010 F?n?n???l Times & Goldman S??h? Bu??n??? Book ?f the Year Award.::::::::::::: INTRODUCTION::::::::::::: A blueprint for a b?tt?r world.Society rests on thr?? "??ll?r?" - the state, m?rk?t? ?nd ??mmun?t???. Each ??ll?r h?? a d?ff?r?nt r?l?. Th? ?t?t? gu?r?nt??? l?w and ?rd?r as w?ll as ?r?v?d?ng th? ?nfr??tru?tur? th?t makes social l?f? possible. M?rk?t? ?r?v?d? an ?utl?t for ?ng?nu?t? ?nd w??lth ?r??t??n. Finally, ??mmun?t??? ?r??t? a ??n?? of attachment, ?d?nt?t? ?nd solidarity. But societies ?nl? ?r??t? th? ??nd?t??n? f?r hum?n fl?ur??h?ng when ???h ?f these thr?? supports is equally ?tr?ng - und?rm?n? ?n? ??ll?r ?nd th? whole structure b?g?n? t? l??k pretty ?h?k?. Th?t balance h?? been historically ?lu??v?. Medieval society h?d strong communities but l??k?d both a ?t?t? ?nd markets. C?mm?r???l n?t??n? ?n th? ??ght??nth and nineteenth centuries, on the ?th?r hand, had thr?v?ng marketplaces but sorely l??k?d a state capable ?f ?r??t?ng a l?v?l ?l???ng f??ld. Today, we're suffering fr?m ?ur own ?mb?l?n???. Aft?r th? f??lur? ?f th? state-driven models, wh??h d?l?v?r?d unprecedented gr?wth ?n th? w?k? ?f th? Second W?rld War, W??t?rn societies ?tt?m?t?d to construct a n?w ?rd?r th?t emphasized efficiency ?nd profit-making. Th? r??ult? In??u?l?t? h?? exploded, ?r??t?ng a r???ntful ?l??? poorly ??u????d t? d??l w?th th? challenges ?f gl?b?l?z?t??n. Th?t, ?n turn, h?? fu?ll?d th? great ?nt?-??t?bl??hm?nt crusade of t?d??'? populists. But as Raghuram R?j?n ?h?w?, it doesn't h?v? t? be th?? way. In th??? summary, w?'ll explore h?? blu??r?nt for a better ?nd m?r? balanced w?rld. Al?ng the w??, ??u'll l??rn H?w th? nation-state ?v?ntu?ll? replaced th? m?d??v?l ?????l order; Why Ch?n? w?ll h?v? t? r?th?nk its current ???n?m?? m?d?l; and Wh?t an Ind??n city struggling w?th l?tt?r?ng ?
