“A forced equalization of wages that disregards the marginal contributions of different workers will deaden incentives and lead to a misallocation of resources and effort.” — Raghuram G. Rajan Copy Share Image
“Policy making invariably involves taking measured risks in the face of uncertainty, for one has neither a prior template nor the luxury of indecision.” — Raghuram G. Rajan Copy Share Image
“it is not because of the benevolence of the baker that we eat fresh bread every morning but because of his desire to make… — Raghuram G. Rajan Copy Share Image
“We have all been hacked, the only question is whether you know it or you don’t’.” — Raghuram G. Rajan Copy Share Image
“The personal checks and balances that most of us bring to bear when we are employed in other activities - we ask ourselves if… — Raghuram G. Rajan Copy Share Image
“Nationalism, coupled with great faith in the power of the government to enact domestic bargains between labor and capital, has been seen before: it… — Raghuram G. Rajan Copy Share Image
“The bottom line was that the scheme was a measured risk, with a probability that the RBI would lose money, a certainty that the… — Raghuram G. Rajan Copy Share Image
“Policy making invariably involves taking measured risks in the face of uncertainty, for one has neither a prior template nor the luxury of indecision.… — Raghuram G. Rajan Copy Share Image
“It involves considerable change, and change is risky. But as India develops, not changing is even riskier. We have to keep what is good… — Raghuram G. Rajan Copy Share Image
“firms do not borrow as much to invest when rates are higher and individuals stop buying durable goods against credit and, instead, turn to… — Raghuram G. Rajan Copy Share Image
“Autobiographies are always written as if the author had it all mapped out with perfect foresight, ignoring the risks and uncertainties at that time.… — Raghuram G. Rajan Copy Share Image
“As spontaneous organizations of the distressed emerge, professional politicians and political parties attempt to capture their energy toward their own electoral gain. Franklin Roosevelt,… — Raghuram G. Rajan Copy Share Image
“the single most important task in management is to pick good deputies,” — Raghuram G. Rajan Copy Share Image
