Speaking here at a University of Chicago debate on corporate social responsibility (CSR), Rajan said, "I think what was supposed to be maximised in the history, that has changed" and ideally, a trader should not charge anything beyond the just price, otherwise he will have his reckoning with God.

Stating that the meaning of the maximising of shareholders' value has gone through a change, Rajan gave example of "a bunch of employees contributing a huge value to a firm", but the benefits of the value actually going to the shareholders.

Speaking about the role of central bankers in the ongoing turmoil in global markets, Rajan maintained that the monetary policy may not do everything, but still there may be central bankers saying they have everything at their command and they will take all necessary steps.

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