Chicago’s Rajan Wins $47,500 FT/Goldman Prize for ‘Fault Lines’
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Raghuram G. Rajan’s “Fault Lines,” a look at why the financial order is prone to blowing bubbles, won the Financial Times and Goldman Sachs Business Book of the Year Award, defeating Andrew Ross Sorkin and other authors on the financial crisis.
Rajan, a former International Monetary Fund chief economist who teaches at the University of Chicago, overcame competition from Sorkin’s “Too Big to Fail,” Michael Lewis’s “The Big Short” and other finalists to claim the award of 30,000 pounds ($47,414) during a dinner last night at the Pierre hotel in Manhattan.