Raghuram Rajan has written a profound, compelling book. His analysis of what went wrong, and what needs to be done to address the structural flaws that caused the financial crisis, should be essential reading for policy makers and practitioners alike.
2010 Business Book Award
Raghuram G. Rajan won the 2010 Financial Times and Goldman Sachs Business Book of the Year Award for Fault Lines: How Hidden Fractures Still Threaten the World Economy.
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Raghuram G. Rajan won the 2010 Financial Times and Goldman Sachs Business Book of the Year Award for Fault Lines: How Hidden Fractures Still Threaten the World Economy, published by Princeton University Press. The book analyses the flaws in the economy that led to the current financial crisis, and warns of changes essential for economic recovery.
The Award was presented at a dinner on October 27, 2010 in New York by Lionel Barber, editor, Financial Times, and Lloyd C. Blankfein, Chairman and Chief Executive Officer, Goldman Sachs. The keynote speaker was Vartan Gregorian, President, Carnegie Corporation of New York.
The judging panel for the 2010 Award included:
Lionel Barber, Editor, Financial Times
Liaquat Ahamed, Author
Helen Alexander, President, CBI
Lynda Gratton, Professor, London Business School
Mario Monti, President of the Bocconi University of Milan and the first Chairman of Bruegel
Jorma Ollila, Chariman, Nokia; Chairman, Royal Dutch Shell plc
Shriti Vadera, Adviser to the G20 Presidency, Korea
The 2010 shortlist included:
The Art of Choosing
Sheena Iyengar (Little, Brown, Twelve/Hachette Group)
The Facebook Effect: The Inside Story of the Company That Is Connecting the World
David Kirkpatrick (Simon & Schuster)
The Big Short: Inside the Doomsday Machine
Michael Lewis (Allen Lane/Penguin Press UK, WW Norton & Co US)
More Money than God: Hedge Funds and the Making of a New Elite
Sebastian Mallaby (Bloomsbury, Penguin Press)
Fault Lines: How Hidden Fractures Still Threaten the World Economy
Raghuram Rajan (Princeton University Press)
Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System – and Themselves
Andrew Ross Sorkin (Allen Lane/Penguin Press UK, Viking/Penguin US)
Read More about the Shortlisted Books [PDF, 130 KB]