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Journalism of Courage
Raghuram G Rajan is probably used to the critical acclaim that his works elicit from his peers,but when his two teenaged children took to the podium at the India launch of his book Fault Lines: How Hidden Fractures Still Threaten the World Economy (Harper Collins,Rs 499) at the India Habitat Centre,even he could not suppress a chuckle. The book is pretty good,though we cant say we totally understood it, said Tara,his daughter. Or read it, added son Akhil.
In this new book Rajan,Eric J. Gleacher Distinguished Service Professor of Finance at the Graduate School of Business,University of Chicago and the economic advisor to the Prime Minister of India,has written about the economic crisis that hit the US and the rest of the world in 2008 and also on what one can look out for in the coming years. The India edition of the book,which was released earlier this year in the US,has,apart from a flashier cover,a chapter dedicated to the Indian economy,where Rajan broadly outlines the necessary reforms and the changes India can expect next.
Rajan is one of the few people who spotted the cracks in the US economy long before the crisis hit. This book is not just well-written,it also gives a comprehensive over-view of the problem, said Ahluwalia,while Jalan added that the book would appeal to even those who did not follow economics closely because the narrative took one to the core of the issue in an interesting and thought-provoking manner,but without being simplistic or pedantic.
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