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Quote by Raghuram Rajan

“Because the free market system is so weak politically, the forms of capitalism that are experienced in many countries are very far from the ideal. They are a corrupted version, in which powerful interests prevent competition from playing its natural, healthy role.”

Book:Saving Capitalism From The Capitalism

Work

Saving Capitalism From The Capitalism

This book delves into the complexities of capitalism, analyzing its strengths and weaknesses, and proposes ways to address its challenges. more

Author

Raghuram Rajan

Raghuram Rajan is a distinguished Indian economist and academic, recognized for his expertise in monetary policy and financial regulation. He served as the Governor of the Reserve Bank of India from 2013 to 2016, implementing several significant reforms. Rajan has held positions at the University of Chicago and the International Monetary Fund, and has authored numerous books and articles on economic issues. more

“I think the willingness to listen is really a matter of confidence. You can't be so superconfident in your abilities that you ignore what others say, and you can't be so diffident in your abilities that you think that if they say something, you will be so taken in that you will do the wrong thing. When you are confident about your abilities and also fully aware of what you don't know you are willing to listen to outside experts with the full sense that if you don't find it worthwhile you will ignore it.”

Ifs Thinking Knows Matter Ability Taken Willing Listening Experts Willingness Worthwhile Wrong Things

Author:Raghuram Rajan

“For nearly two centuries, scholars and politicians have debated the future of capitalism. Its critics, most prominent among them Karl Marx, have seen capitalism as intrinsically unstable, full of contradictions that will lead eventually to its collapse. Its supporters see it as the best way to allocate resources and rewards. Some even hint that the democratic capitalistic society is not just a phase in the historical evolution of economic systems but its ultimate end.”