Our goal should be to make decision makers internalize the full consequences of their decisions, rather than prevent them from making decisions altogether.
Raghuram Rajan QuotesShowing all quotes
Because the free market system is so weak politically, the forms of capitalism that are experienced in many countries are very far from the ideal. They are a corrupted version, in which powerful interests prevent competition from playing its natural, healthy role.
|Birth:||3rd February, 1963|
Raghuram Govinda Rajan is the current and the 23rd Governor of the Reserve Bank of India, having taken charge of India's central banking institution on 4 September 2013, and succeeding Duvvuri Subbarao. Rajan was chief economic adviser to India's Ministry of Finance during the previous year and chief economist at the International Monetary Fund from 2003 to 2007.
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