‘The Third Pillar’: A conversation with Raghuram Rajan about markets, the state, and communities - Banter: An AEI Podcast

37:45
 
Share
 

Manage episode 230112946 series 1170011
By Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio streamed directly from their servers.

AEI
‘The Third Pillar’: A conversation with Raghuram Rajan about markets, the state, and communities

India’s former Reserve Bank of India Governor Raghuram Rajan, gestures during an interview with Reuters in New Delhi, India September 7, 2017. REUTERS/Adnan Abidi

“We are surrounded by plenty. Humanity has never been richer as technologies of production have improved steadily over the last two hundred fifty years.” So opens Raghuram Rajan’s new book, “The Third Pillar: How Markets and the State Leave Community Behind.” Yet despite this economic success, he writes, workers in developed countries are literally worried to death. What is causing this wave of anxiety?

Dr. Rajan writes that while economists understand the relationship between markets and the state, all too often they neglect the “third pillar,” the communities we live in. In this episode, we talk with Dr. Rajan about what’s causing the erosion of communities across the developed world, what can be done about it, and much more.

Raghuram Rajan is the Katherine Dusak Millar Distinguished Service Professor of Finance at the University of Chicago Booth School of Business. He was the twenty-third governor of the Reserve Bank of India from September 2013 to September 2016. From 2003 to 2006 Dr. Rajan was the chief economist at the International Monetary Fund.

You can subscribe to Banter on iTunes, Stitcher, or the podcast player of your choice, and archived episodes can be found at www.aei.org/feature/banter. This is Banter episode #356.

Learn More:

The third pillar: ‘Inclusive localism’ as the key to rebuilding American communities

‘The Third Pillar’: A conversation with Raghuram Rajan about markets, the state, and communities
Matt Winesett

138 episodes available. A new episode about every 7 days averaging 27 mins duration .