Economic experts from Booth and beyond discussed the ways in which our economic systems are evolving as expectations about the role of business in society change. Held on September 30, this was the inaugural event in Booth’s new Future of Capitalism series, which explores the evolution of capitalism from the perspective of investors, academics, entrepreneurs, health care professionals, and other thought leaders.
Our lineup of esteemed speakers included Booth professor Raghuram G. Rajan, former governor of the Reserve Bank of India and a current member of the Group of Thirty. Rajan frequently appears in the media to comment on global economic issues. We also welcomed Baroness Minouche Shafik, a leading economist whose career has straddled academia and public policy. She previously served as deputy governor of the Bank of England and was the youngest ever vice president of the World Bank. Randall S. Kroszner, a former governor of the Federal Reserve and deputy dean at Booth, moderated their discussion.
Raghuram G. Rajan is the Katherine Dusak Miller Distinguished Service Professor of Finance at Booth. He was the 23rd governor of the Reserve Bank of India from September 2013 to September 2016. Between 2003 and 2006, he was the chief economist and director of research at the International Monetary Fund. Rajan’s research interests are in banking, corporate finance, and economic development, especially the role played by finance.
Raghuram G. Rajan
Nemat (Minouche) Shafik has been the director of the London School of Economics and Political Science since September 2017. She currently serves as a trustee of the British Museum, the Supervisory Board of Siemens, the Council of the Institute for Fiscal Studies, and the Economy Honours Committee. In July 2020, Shafik was made a cross-bench peer in the House of Lords.
Her new book, What We Owe Each Other: A New Social Contract for a Better Society, was released in April 2021.
Randall S. Kroszner is Deputy Dean for Executive Programs and Norman R. Bobins Professor of Economics at Booth. As a former governor of the Federal Reserve System, he took a leading role in developing responses to the financial crisis and in undertaking new initiatives to improve consumer protection and disclosure, including rules related to home mortgages and credit cards.
Randall S. Kroszner
