Who is Raghuram Rajan?
Raghuram Rajan is the Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago Booth School of Business. Use Up/Down Arrow keys to increase or decrease volume.
Is Raghuram Rajan right about global stability?
Prof. Raghuram Rajan is well known 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.
What is Rajan’s latest concern?
(Break) Paul Rand: Rajan has spent his career looking for solutions to societies problems, his latest concern is that the three pillars, the state, markets and community have become imbalanced. Specifically, the community has become significantly weaker.
Who is Raghuram Rajan?
Paul Rand: As one of the world’s leading economists, Raghuram Rajan has always focused on finding real world solutions to the problems that hold our societies back. He says this drive was instilled in him at an early age growing up in India.
What is Raghuram Rajan's argument?
Rajan is arguing that the disempowerment of our communities is responsible for a whole host of problems: inequality , the opioid crisis and, perhaps most troubling, the rise of populist nationalism. Raghuram Rajan: So there are other people who have in cosmopolitan cities who got divorced from community.
What are Rajan's concerns?
Paul Rand: Rajan has spent his career looking for solutions to societies problems, his latest concern is that the three pillars, the state, markets and community have become imbalanced. Specifically, the community has become significantly weaker. But how do we empower the community, what does that actually look like?
Who is Paul Rand?
He was a Professor of Economics at the University of Chicago until 2003 when he was appointed the Chief Economist at the International Monetary Fund. Tape: While the downside risks have increased, global growth is still robustly above trend. Paul Rand: Then, in 2013, he became the Governor of the Reserve Bank of India.
Why did Paul Rand call the book The Three Pillars?
That’s because he’s specifically concerned with the community, or the lack of community. He argues that in order to have stability in the world, the state, markets and community need to maintain a carful equilibrium.
