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Raghuram G. Rajan

Raghuram G. Rajan

Writing for PS since 2003
92 commentaries
1 videos & podcasts

Raghuram G. Rajan, a former governor of the Reserve Bank of India and chief economist of the International Monetary Fund, is Professor of Finance at the University of Chicago Booth School of Business and the co-author (with Rohit Lamba) of Breaking the Mold: India’s Untraveled Path to Prosperity (Princeton University Press, May 2024).

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  1. Industrial Policy’s Deceptive New Clothes
    rajan94_Arvind YadavHindustan Times via Getty Images_indiasemiconductor Arvind Yadav/Hindustan Times via Getty Images

    Industrial Policy’s Deceptive New Clothes

    Sep 9, 2024 Raghuram G. Rajan sees little reason to support the case for renewed government interventions in the private sector.

  2. Bracing for a More Inflationary World
    rajan93_cienpiesGetty Images_inflation cienpies/Getty Images

    Bracing for a More Inflationary World

    Jul 11, 2024 Raghuram G. Rajan thinks central banks will remain under pressure to maintain tighter policies over the medium term.

  3. Raghuram G. Rajan and Rohit Lamba on Indian job creation, industrial policy, democracy, and more
    GettyImages-1166756409

    Raghuram G. Rajan and Rohit Lamba on Indian job creation, industrial policy, democracy, and more

    May 28, 2024 Raghuram G. Rajan & Rohit Lamba argue that India must place the highest priority on creating and owning intellectual property, advocate an alternative to interventionist industrial policies like subsidies, call for the decentralization of Indian governance at every level, and more.

  4. The Indian Election and the Country’s Economic Future
    op_rajan4_MANJUNATH KIRANAFP via Getty Images_Indiastartup Manjunath Kiran/AFP via Getty Images

    The Indian Election and the Country’s Economic Future

    May 24, 2024 Raghuram G. Rajan worries that the country will squander its massive potential by trying to emulate China's growth strategy.

  5. The Danger of Forgetting the 2023 Banking Crisis
    rajan89_Justin SullivanGetty Images_svb Justin Sullivan/Getty Images

    The Danger of Forgetting the 2023 Banking Crisis

    Feb 8, 2024 Raghuram G. Rajan & Viral V. Acharya worry that smaller banks’ troubles remain unresolved, and that the episode perpetuated moral hazard.

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  1. stain31_Jemal CountessGetty Images for the Peter G. Peterson Foundation_USdebt Jemal Countess/Getty Images for the Peter G. Peterson Foundation
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    The Debt That Shall Not Be Named

    Michael R. Strain warns that both US presidential candidates are ignoring one of the most pressing issues facing the country.
  2. adebajo10_Han XuXinhua via Getty Images_shipping Han Xu/Xinhua via Getty Images
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    Africa’s Place in the Emerging Global Order

    Adekeye Adebajo explains how the continent can navigate the Sino-American rivalry in a way that advances its interests.
  3. okonjoiweala30_Joe RaedleGetty Images_vaccines Joe Raedle/Getty Images
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    The Slow Mpox Response Is Another Pandemic Wake-Up Call

    Ngozi Okonjo-Iweala explains what world leaders need to do to prepare for future pathogens in light of the latest failures.
  4. haass172_Getty Images_putinxikimkhamenei Getty Images
    1

    The New Gang of Four

    Richard Haass

    China, Iran, North Korea, and Russia do not have a formal alliance committed to defending one another. But they have formed an alignment driven by shared antipathy toward the existing US-led world order, and there is no simple way for the United States and its allies to respond.

     proposes ways the US and the West can counter the entente between China, Iran, North Korea, and Russia.
  5. op_acemoglu5_Theo WargoWireImage_musk Theo Wargo/WireImage
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    Escaping the New Gilded Age

    Daron Acemoglu

    As wealth inequality in the United States has grown, so has the social status and influence of the superrich, many of whom parlay their economic success into an intellectual credential. Clearly, Americans need to have a serious conversation about what they, as a society, should value.

     thinks the social, cultural, and political influence wielded by the superrich has reached a dangerous level.
  6. tharoor194_Priyanka ParasharMint via Getty Images_india qork Priyanka Parashar/Mint via Getty Images
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    Overworked India

    Shashi Tharoor proposes ways to address a toxic work culture that is harming young people’s health and well-being.
  7. solana128_kamisoka_getty images_europe Kamisoka/Getty Images
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    Will the EU Heed Draghi’s Call for Integration?

    Lucrezia Reichlin questions whether the bloc will be able to muster the necessary political will to secure its economic future.
  8. zizek35_ YASUYOSHI CHIBAAFP via Getty Images_sudan war YASUYOSHI CHIBA/AFP via Getty Images
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    Global Capitalism and Perpetual War

    Slavoj Žižek highlights the economic dimension fueling conflicts like Sudan’s appalling and overlooked civil war.
  9. davies91_Dursun AydemirAnadolu via Getty Images_draghi Dursun Aydemir/Anadolu via Getty Images
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    The Missing Ingredient in European Competitiveness

    Howard Davies thinks the bloc's economic future depends heavily on its ability to achieve capital-market integration.

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