The Pragmatic Economist


A very interesting article appeared in Bloomberg BusinessWeek last week about Chicago Booth Professor Raghu Rajan, Eric J. Gleacher Distinguished Service Professor of Finance, and former Chief Economist at the International Monetary Fund: Charting the Economic Fault Lines.

In 2005, while at the IMF, Professor Rajan gave a presentation that warned of a “catastrophic meltdown" of the United States financial system. Although heavily criticized at the time, his warnings came true three years later. The article discusses the period before the crash and the inspirations and influences on his ideas then and more recently. His latest book, Fault Lines: How Hidden Fractures Still Threaten the World Economy, has won the Financial Times and Goldman Sachs Business Book of the Year Awards for 2010.

Students joining the Executive MBA Program at Chicago Booth will have the chance to have lunch with and hear from Raghu during the very first week of their program in Chicago. Raghu, along with Gary Becker, University Professor of Economics and Sociology, and Sunil Kumar, Dean and Professor of Operations Management are all part of the speaker series during Kick-off Week for the Executive MBA Program.

For more information about Professor Rajan, visit the article Economist seeks lessons from crisis by Patricia Houlihan, in the University of Chicago’s online newsletter.

- Richard Johnson