PM`s economic advisor bags Financial Times book award

New Delhi, Oct 29 (PTI) Indian Prime Minister Manmohan
Singh's economic adviser Raghuram Rajan has won the 2010
Financial Times and Goldman Sachs Business Book Award.
Rajan's "Fault Lines: How Hidden Fractures Still
Threaten the World Economy" won the 30,000-pound award beating
five other authors including Columbia University professor
Sheena Iyengar.
The Indian-origin professor of finance at the
University of Chicago was presented with the award on October
27 at a ceremony in New York.
The award, instituted in 2005, is given to the book
that "provides the most compelling and enjoyable insight into
modern business issues".
Each of the five runners-up was given a cheque of
10,000 pounds.
"Fault Lines", published by HarperCollins India, is a
perceptive, detailed look at where answers to questions that
were raised during the financial collapse of 2007 and the
'great recession' that followed may lie.
Rajan was the economic counselor and director of
research (chief economist) at the IMF from 2003-2007. He
co-authored (with Luigi Zingales) a book entitled "Saving
Capitalism from the Capitalists". PTI