Ideas And Insights EP208 Bardhan

Professor Rao interviews Prof. Pranab Bardhan, Distinguished Professor, Emeritus, of Economics at the University of California, Berkeley. Prof. Bardhan's new book, "A World of Insecurity: Democratic Disenchantment in Rich and Poor Countries", published by Harvard University Press this year, offers a nuanced analysis of the decay of democratic institutions and outlines concrete strategies for reversing this trend. He argues that insecurity, more than inequality, agitates people. It springs from many sources, such as state and market failures, a widespread resentment against the professional and cultural elites, and the anxiety of losing out.