Raghuram Rajan
Showing 1–3 of 3 transcripts.
- Milken Institute57 min
The Future of Capitalism
Zanny Minton Beddoes, Rebecca Henderson, David Hunt, Ronald O'Hanley, Raghuram Rajan, Zadie Minton-Bedders
A panel of four prominent economists and business leaders critically reexamines the legacy of Milton Friedman's shareholder primacy model, diagnosing deepening market failures such as unpriced externalities, rising inequality, and eroded public trust. The group reached a consensus that pricing carbon and reforming antitrust regulations are essential prerequisites for sustainable growth, while debating the precise boundaries between corporate social provision and government responsibility. Ultimately, the discussion identified climate change, strengthening democracy, and rebuilding institutional resilience as the defining challenges for the future of capitalism.
- Milken Institute1h 15m
India: In the Eye of the Tiger Economy
Andrew Morse, Sanjay Patel, Raghuram Rajan, Ryan Pinto, Gaurav, Eddy Moretti, John McCutchan, David Levinson, Rodney, Amit Singhal
Experts including Sanjay Patel and Raghuram Rajan warn that India's economic growth has stalled between 5% and 7% due to government complacency, infrastructure deficits, and institutional gaps that prevent the realization of its demographic dividend. While the Reserve Bank of India has cut rates and valuations have fallen to 8x EBITDA following a credit downgrade, high inflation and a severe skills gap continue to constrain the labor market and deter private capital investment. Despite geopolitical tensions and high corporate leverage, the long-term outlook remains positive, prompting investors to adopt a patient strategy focused on domestic demand and reforms in sectors like retail, aviation, and the Goods and Services Tax.
- Milken Institute7 min
Raghuram Rajan on the U.S. Economy and Financial Regulation
Raghuram Rajan, Jennifer Manfre
Economic recovery since mid-2009 has been characterized by sluggish job creation and a "boring" trajectory, prompting calls for policy shifts toward long-term competitiveness through education and infrastructure reforms. While the U.S. fiscal position remains distinct from Greece, growing political polarization and unfunded liabilities significantly constrain the ability to enact necessary debt or tax measures. Furthermore, experts argue that isolated financial regulations fail to address the fundamental macroeconomic fault lines identified in the book *Fault Lines*, necessitating a broader structural approach to prevent future crises.