Raghuram Rajan on How Markets and the State Leave the Community Behind
- March 05, 2019
Join the Stigler Center for a conversation with Chicago Booth professor Raghuram Rajan – one of the most important economic thinkers of our time – on the current populist backlash against globalization and the release of his new book The Third Pillar: How Markets and the State Leave the Community Behind. The conversation will be moderated by Chicago Booth professor Luigi Zingales.
Raghuram Rajan has an unparalleled vantage point onto the social and economic consequences of globalization and their ultimate effect on our politics. In The Third Pillar he offers a magnificent big-picture framework for understanding how these three forces–the state, markets, and our communities–interact, why things begin to break down, and how we can find our way back to a more secure and stable plane.
The “third pillar” is the community we live in. Economists all too often understand their field as the relationship between markets and the state, and they leave squishy social issues for other people. That’s not just myopic, Rajan argues; it’s dangerous.
Raghuram Rajan is the Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago Booth School of Business. He was the 23rd Governor of the Reserve Bank of India between September 2013 and September 2016. Euromoney magazine named him Central Banker of the Year in 2014. Between 2003 and 2006, Dr. Rajan was the Chief Economist at the International Monetary Fund. He co-authored Saving Capitalism from the Capitalists with Luigi Zingales in 2003. He then wrote Fault Lines: How Hidden Fractures Still Threaten the World Economy, for which he was awarded the Financial Times-Goldman Sachs prize for best business book in 2010.
Luigi Zingales is the Robert C. McCormack Distinguished Service Professor of Entrepreneurship and Finance and the Charles M. Harper Faculty Fellow and Director of the Stigler Center at the University of Chicago Booth School of Business. He launched the Capitalisn't podcast with Katherine Waldock in January 2018.
5:00 p.m. Registration and reception
6:00 p.m. Discussion and Q&A
7:15 p.m. Adjournment and book signing
Gleacher Center, Room 621 - 450 N. Cityfront Drive, Chicago 60611