Raghuram G. Rajan

“Policy making invariably involves taking measured risks in the face of uncertainty, for one has neither a prior template nor the luxury…

— Raghuram G. Rajan

“it is not because of the benevolence of the baker that we eat fresh bread every morning but because of his desire…

— Raghuram G. Rajan

“We have all been hacked, the only question is whether you know it or you don’t’.”

— Raghuram G. Rajan

“The personal checks and balances that most of us bring to bear when we are employed in other activities - we ask…

— Raghuram G. Rajan

“Nationalism, coupled with great faith in the power of the government to enact domestic bargains between labor and capital, has been seen…

— Raghuram G. Rajan

“The bottom line was that the scheme was a measured risk, with a probability that the RBI would lose money, a certainty…

— Raghuram G. Rajan

“Policy making invariably involves taking measured risks in the face of uncertainty, for one has neither a prior template nor the luxury…

— Raghuram G. Rajan

“It involves considerable change, and change is risky. But as India develops, not changing is even riskier. We have to keep what…

— Raghuram G. Rajan

“firms do not borrow as much to invest when rates are higher and individuals stop buying durable goods against credit and, instead,…

— Raghuram G. Rajan

“Autobiographies are always written as if the author had it all mapped out with perfect foresight, ignoring the risks and uncertainties at…

— Raghuram G. Rajan

“As spontaneous organizations of the distressed emerge, professional politicians and political parties attempt to capture their energy toward their own electoral gain.…

— Raghuram G. Rajan

“the single most important task in management is to pick good deputies,”

— Raghuram G. Rajan

“the rule of thumb’ referred historically to the maximum width of the stick with which a man could beat his wife without…

— Raghuram G. Rajan

“A forced equalization of wages that disregards the marginal contributions of different workers will deaden incentives and lead to a misallocation of…

— Raghuram G. Rajan

“Not taking risks one doesn't understand is often the best form of risk management.”

— Raghuram G. Rajan

“Do not believe that you can find a universal remedy for evil conditions or immoral practices in effecting a fundamental change in…

— Raghuram G. Rajan

“Autobiographies are always written as if the author had it all mapped out with perfect foresight, ignoring the risks and uncertainties at…

— Raghuram G. Rajan

“And more than the quality of its institutions, what distinguishes a developed country from a developing one is the degree of consensus…

— Raghuram G. Rajan

“The picture of bankers slavering after bonuses soon after they had been rescued by government bailouts was not only outrageous but also…

— Raghuram G. Rajan