Rodrik: Fed needs paradigm shift


Dani Rodrik, a prominent economist at Harvard University, has argued that the next chairman of the Federal Reserve needed to have a greater appreciation of the dangers posed by the modern financial system.

In an article published in Business Standard, an Indian business daily, Rodrik, who is a professor at Harvard's Kennedy School of Government, argues that it is time for "finance skeptics" to take the helm at the Federal Reserve.

The term of Ben Bernanke, the current chairman of the central ban

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