Raghuram Rajan
![Rajan in 2004](https://upload.wikimedia.org/wikipedia/commons/d/d5/Raghuram_Rajan%2C_IMF_69MS040421048l.jpg)
At the 2005 Federal Reserve annual Jackson Hole conference, three years before the 2008 crash, Rajan warned about the growing risks in the financial system, that a financial crisis could be in the offing, and proposed policies that would reduce such risks. Former U.S. Treasury Secretary Lawrence Summers called the warnings "misguided" and Rajan himself a "luddite". However, following the financial crisis of 2007–2008, Rajan's views came to be seen as prescient, and he was extensively interviewed for the Academy Awards-winning documentary ''Inside Job'' (2010).
In 2003, Rajan received the inaugural Fischer Black Prize, given every two years by the American Finance Association to the financial economist younger than 40 who has made the most significant contribution to the theory and practice of finance. His book, ''Fault Lines: How Hidden Fractures Still Threaten the World Economy'', won the Financial Times/Goldman Sachs Business Book of the Year award in 2010. In 2016, he was named by ''Time'' in its list of the '100 Most Influential People in the World'. Provided by Wikipedia