The Third Pillar: Are Communities Being Left Behind?

Raghuram Rajan, Katherine Dusak Miller Distinguished Service Professor of Finance, University of Chicago; Former Governor, Bank of India

The Third Pillar: Are Communities Being Left Behind?

We're doing it wrong. As government and the market economy, two highly debated and complex pillars of our society, become more sophisticated and powerful, the core of society, the community, the third pillar, is being lost. When the gap between communities and the political and economic elite grows too wide, it has manifested itself in violence and populism. With communities left out of the equation, Raghuram Rajan suggests that we are "doing it wrong." In an era of globalization and digital connectivity, what does a healthy third pillar look like? Will a shift to strengthening and empowering local communities be the answer to growing economic disparity and political unrest? 

Copies of Raghuram Rajan's new book The Third Pillar: How Markets and the State Leave the Community Behind will be available for sale and signing after the program from the Book Cellar. 

Speaker Bio


A global economy where no one is left behind
Laura Walters, Newsroom, November 20, 2018

Global Growth Cools, Leaving Scars of '08 Unhealed
Peter S. Goodman, The New York Times, December 1, 2018

UN chief: G-20 leaders need bolder action at critical time
Edith M. Lederer, Associated Press, Greenwich Time, December 2, 2018


5:15 pm

5:30 pm 
Presentation and Q&A

6:30 pm 
Adjournment and Book Signing