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Raghuram G. Rajan

Raghuram G. Rajan

Writing for PS since 2003
84 commentaries
1 videos & podcasts

Raghuram G. Rajan, former governor of the Reserve Bank of India, is Professor of Finance at the University of Chicago Booth School of Business and the author, most recently, of The Third Pillar: How Markets and the State Leave the Community Behind (Penguin, 2020).

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  1. The Populist Advantage
    rajan84_Alex WongGetty Images_mmt Alex Wong/Getty Images

    The Populist Advantage

    Aug 18, 2023 Raghuram G. Rajan explains why so many previously discredited economic policies have become easier to sell to the public.

  2. Not Buying Central Banks’ Favorite Excuse
    rajan83_Kevin DietschGetty Images_federalreserve Kevin Dietsch/Getty Images

    Not Buying Central Banks’ Favorite Excuse

    May 26, 2023 Raghuram G. Rajan shows why monetary policymakers must bear some of the blame for the latest banking-sector turmoil.

  3. The Fed’s Role in the Bank Failures
    rajan82_BRENDAN SMIALOWSKIPOOLAFP via Getty Images_jeromepowell Brendan Smialowski/Pool/AFP via Getty Images

    The Fed’s Role in the Bank Failures

    Mar 28, 2023 Raghuram G. Rajan & Viral V. Acharya show how the US central bank's liquidity policies created the conditions for runs on uninsured deposits.

  4. Will the Fed Overdo It?
    rajan81_GRAEME JENNINGSPOOLAFP via Getty Images_jeromepowell Graeme Jennings/Pool/AFP via Getty Images

    Will the Fed Overdo It?

    Jan 24, 2023 Raghuram G. Rajan considers the central bank's limited options as it navigates an increasingly perilous economic environment.

  5. Deglobalization Is a Climate Threat
    rajan80_BRENDAN BANNONAFP via Getty Images_climaterefugees Brendan Bannon/AFP via Getty Images

    Deglobalization Is a Climate Threat

    Nov 18, 2022 Raghuram G. Rajan shows how a world of fragmentation and mutual suspicion will impede effective responses to global warming.

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  1. zizek23_Leonardo CendamoGetty Images_leaypi Leonardo Cendamo/Getty Images

    Freedom Without Justice

    Slavoj Žižek

    At the end of European Communism, there was a widespread, euphoric hope that freedom and democracy would bring a better life; eventually, though, many lost that hope. The problem, under both Communism and the new liberal dispensation, was that those pursuing grand social projects had embraced ideology instead of philosophy.

    considers what an Albanian Marxist philosopher can tell us about liberty in today's world.
  2. kisilowski8_ Zuzana GogovaGetty Images_fico Zuzana Gogova/Getty Images

    Can National Reconciliation Defeat Populism?

    Maciej Kisilowski & Anna Wojciuk

    For the US, Slovakia's general election may produce another unreliable allied government. But instead of turning a blind eye to such allies, as President Joe Biden has been doing with Poland, or confronting them with an uncompromising stance, the US should spearhead efforts to help mend flawed democracies.

    reflect on the outcome of Slovakia's general election in the run-up to Poland's decisive vote.
  3. nye247_ LEAH MILLISPOOLAFP via Getty Images_blinkenchina Leah Millis/POOL/AFP via Getty Images

    Not Destined for War

    Joseph S. Nye, Jr. rejects historical analogies implying that zero-sum conflict between the US and China is inevitable.
  4. james210_KAY NIETFELDPOOLAFP via Getty Images_scholzxi Kay Nietfeld/Pool/AFP via Getty Images

    Is “Peace Through Commerce” Dead?

    Harold James doubts that new conflicts and rivalries justify a full-scale rejection of European-style economic engagement.
  5. khrushcheva171_MIKHAIL METZELPOOLAFP via Getty Images_putinkim Mikhail Metzel/Pool/AFP via Getty Images

    Putin and Kim’s Cartoon Summit

    Nina L. Khrushcheva thinks that Russia's recent meeting with North Korea was intended primarily as a warning to the South.
  6. haykel18_MANDEL NGANAFP via Getty Images_mbs Mandel Ngan/AFP via Getty Images

    Saudi Arabia’s New Nationalism

    Bernard Haykel explains the reasoning behind the Kingdom's ongoing domestic- and foreign-policy transformation.
  7. wagner22_Lukas SchulzeGetty Images_pollution Lukas Schulze/Getty Images

    The Green Growth Mindset

    Gernot Wagner sees doctrinaire debates about capitalism as irrelevant or even deleterious to the decarbonization effort.
  8. mallochbrown17_GIANLUIGI GUERCIAAFP via Getty Images_africawomenpolitics Gianluigi Guercia/AFP via Getty Images

    Africa Is the Future of Multilateralism

    Mark Malloch-Brown explains why the continent should be at the forefront of efforts to bring about international reforms.
  9. op_yi2_PEDRO PARDOAFP via Getty Images_chinahousing Pedro Pardo/AFP via Getty Images

    A Chinese Bubble Long in the Making

    Yi Fuxian traces the long roots of the country's mounting economic and financial problems.

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