Until recently, economists have ignored the idea that communities matter for economic outcomes, leaving those questions to sociologists. But there is too much evidence to ignore: where you live has a profound influence on how you turn out. In a live conversation recorded at Penn Social, a bar in Washington DC, Raghuram Rajan, former chief economist of the International Monetary Fund and Governor of the Reserve Bank of India, talks about his new book, "The Third Pillar: How Markets and the State Leave Communities Behind". He is joined by Ashley Putnam, director of the Economic Growth & Mobility Project at the Federal Reserve Bank of Philadelphia, who has run community-level economic growth projects in New York City and across Philadelphia's Fed district. Brendan Greeley hosts.
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Nouriel Roubini on the US-China Thucydides Trap
Jay Shambaugh on the tools to fight the next recession
Joel Mokyr and the curse of Adam
Will Davies on populism, data and experts
Robert Kaplan on jobs, oil and credit
Ajay Royan searches for the next growth frontier
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Kimberly Clausing makes the case for open economies
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Andrew Keen on the internet: misery is not the answer
Waltraud Schelkle and Ashoka Mody: Is the eurozone fixable?
What China wants: Brad Setser, and Freya Beamish
Germany's China shock
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