Business Today

In Search Of New Ethos

A hard look at what may happen if equitable development is left out of the bigger framework dominated by governments and economic forces.

Students of IIM Ahmedabad are spoilt for choice when it comes to celebrity speakers. But very few academicians turn out to be charismatic crowd pullers like Raghuram Rajan. His earlier books addressed a larger audience, but The Third Pillar strongly underlines his new status as a public intellectual.

The 'third pillar', as the book lays out, is the community, which the author believes, has been neglected (at least by economists) vis a vis the

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