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Raghuram Rajan received his Ph.D. from MIT and has taught at Northwestern University's Kellogg School of Management and MIT in addition to the University of Chicago. He is a director of the American Finance Association and has consulted to a number of institutions, including the World Bank and the mehr anzeigen Fed. weniger anzeigen

Beinhaltet die Namen: Raghuram Rajan, Raghuram G Rajan

Bildnachweis: Photo courtesy of the University of Chicago Experts Exchange (link)

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I am very late in tha game at reading this text that is primarily looking at the context to the 2008 crisis, which we now know so much about.

But the book remains relevant, and even more important perhaps because the author identifies with foresight the collapse in rational policy making and politics that has afflicted the US in the last years.

The author even offers some very rarional policy answers to reduce the tension of these growing fault lines, some of which were even attempted years after the book was released. But all the solutions proposed rely on: rational decision making that is often bi-partisan something impossible to see in US politics today (2022).

What happened instead is we have been relying more and more on fractioned tribal thinking in which the irrational cause can act as a symbol for cohesion and beats drums in echo chambers.

I think the key point one gets to from this work and the reality of what the world is like after the fact is we need to address higher education so that it is useful for everyone at any point in their career…
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yates9 | 7 weitere Rezensionen | Feb 28, 2024 |
Raghu ex IMF Chief Economist , ex Reserve Bank top dog and a fervent critique of disastrous policies of the Govt which now has bought the Indian economy to its knees , takes one on an anthropological path since barter , feudal system to current times where an emphasize no how of community which was the backbone for “State” and “Market” ( and primary purpose was to serve the community ) has slowly been eroded over centuries as state and corporate nexus have taken a strangle hold in most developed / developing regions and the illusion has been sold as free market ; while an ever increasing wealth gap , ideologically disparate immigration, rampant automation making inroads into the once save havens of mid to senior level white collar jobs eventually making large swathes susceptible to populism as we further drift back to falling on our primal instincts , chaos seems to be the new norm .Personally I thought the book was too slow almost like a PhD thesis with too many chapters devoted to giving historical aspect rather than future path and solutions with glimpses of astuteness .… (mehr)
 
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Vik.Ram | 1 weitere Rezension | Aug 12, 2022 |
This is a very dry book, and it took me significantly longer to finish than usual; but it has a lot of useful and important ideas. The premise is that strong communities is every bit as important to a country as a strong economy and good government. I would like to go through it again in the future and take notes. One bit I really liked is the recommendation for bureaucrats to "focus on the thin folders" ie. to try to solve relatively new or obscure problems rather than ones that have already become politicized or otherwise intractable.… (mehr)
 
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Rachel_Hultz | 1 weitere Rezension | Aug 15, 2020 |
i haven't read all chapters but chapters on income inequality in US and potential for India are so well written and full of deep insights.. really helps you appreciate the big picture perspective a world quality economist needs to have.
 
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Mayank_Jain | 7 weitere Rezensionen | Jul 28, 2019 |

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