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- Title
The Third Pillar: The Revival of Community in a Polarised World.
- Authors
van Gils, Aart
- Abstract
Rajan appears to understand the inclusive kind of localism as a localism where communities are not given free rein but are checked by the other two pillars, the market and the state (285). On the other hand, the power of community seems to be rather limited, because Rajan also claims that "when inclusiveness [generated by the market and, ideally, protected by national governments] goes up against localism [generated and protected by communities], inclusiveness should always triumph" (286). In conclusion, Raghuram Rajan's I The Third Pillar i offers a fascinating discussion of the relation between governments, markets, and communities that raises many intriguing questions.
- Subjects
VIRTUAL communities; NONTARIFF trade barriers; ELECTRICITY markets
- Publication
Business Ethics Quarterly, 2020, Vol 30, Issue 3, p437
- ISSN
1052-150X
- Publication type
Book Review
- DOI
10.1017/beq.2020.17