The Third Pillar - Raghuram G. Rajan

The Third Pillar by Raghuram G. Rajan

Markets and governments dominate how we think about progress—but what if the real missing piece is community? In The Third Pillar, former IMF chief economist and Reserve Bank of India governor Raghuram G. Rajan argues that modern capitalism has weakened local communities, creating economic insecurity, social fragmentation, and political anger. Rajan traces how rapid globalization, technological change, and centralized governance have tilted power away from families, towns, and local institutions. He makes a compelling case that restoring balance between markets, the state, and communities is essential for sustainable growth, social cohesion, and democratic stability. Clear, pragmatic, and deeply humane, this book offers a fresh roadmap for fixing capitalism without abandoning it. Buy in Kenya with fast delivery at Readers’ Republik.

What you’ll learn

• Why markets and governments alone can’t sustain society

• How globalization weakened local communities

• The economic roots of populism and social unrest

• Why place, identity, and dignity matter in economics

• Practical ways to rebalance capitalism

Who should read the book

• Readers interested in economics and public policy

• Business leaders and entrepreneurs

• Students of political economy

• Anyone concerned about inequality and social cohesion

• Readers of global development and governance

Why buy The Third Pillar from Readers’ Republik

• Buy in Kenya with fast delivery

• Curated books on economics and society

• Trusted Kenyan online bookstore