UChicago economist Raghuram Rajan became infamous for predicting the 2008 financial collapse three years before it happened. Now, he’s warning that an imbalance in our society is threatening global stability.
UChicago economist Raghuram Rajan became infamous for predicting the 2008 financial collapse three years before it happened.
Rajan says that there are three pillars in our society: the state, the markets and the community. In his new book, he traces the history of how the state and markets have grown, while the community has weakened. He says these pillars need to be brought back to an equilibrium in order to address many of the global issues we face today.
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