Raghuram G. Rajan
Indian economist and academic; former Governor of the Reserve Bank of India (2013–2016), former Chief Economist of the International Monetary Fund, and professor at the University of Chicago Booth School of Business. Author of works on financial systems and economic policy.
Books
This list of books are ONLY the books that have been ranked on the lists that are aggregated on this site. This is not a comprehensive list of all books by this author.
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1. Fault Lines
How Hidden Fractures Still Threaten the World Economy
A trenchant analysis of the structural weaknesses that produced the global financial crisis, arguing that deep imbalances—stagnant wages and rising household debt in advanced economies, large capital flows from surplus emerging markets, a deregulated and incentive‑skewed financial sector, and weak social safety nets—created interconnected “fault lines” that allowed shocks to cascade; the book explains how misguided policy choices and short‑termist behavior amplified risks and recommends a mix of financial regulation, macroeconomic rebalancing, stronger social protections, and better global coordination to reduce vulnerability and restore sustainable growth.
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2. The Third Pillar
How Markets and the State Leave the Community Behind
Argues that healthy societies require a balance among markets, the state, and local communities — with community institutions acting as the social “root” that anchors economic activity — and warns that globalization, technological change, and financialization have eroded those roots, widened inequality, and fueled populist backlash; to repair this, the book recommends policy and institutional reforms that strengthen local social and economic institutions, promote inclusive entrepreneurship and retraining, improve housing and infrastructure, and realign markets and government to support shared prosperity and democratic stability.