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Modern markets - that bring together parties at arm's length - are neither spontaneous, nor self-sustaining. They need a set of supporting conditions and institutions to function, in the absence of which traditional relationship and identity based institutions persist, limiting opportunities especially for the historically marginalized. Prateek studies how free and inclusive markets evolve(d) in history, and in developing countries. Prateek is an Assistant Professor in Strategy at the Indian Institute of Management Bangalore (IIMB) and IIMB Young Faculty Research Chair, leading the IIMB Inclusive Markets Project. He is also a Junior Fellow at the Stigler Center for the Study of the Economy and the State at the University of Chicago Booth School of Business.

Prateek earned his doctorate from University College London (UCL) in 2018, where he continues to be an Honorary Research Associate. During his PhD, he was affiliated to the Center for Economic History and Kellogg School of Management at Northwestern University (2015-2018) as a Visiting Predoctoral fellow and the Stigler Centre at the University of Chicago as a Research Associate (2016-2018). Prior to his PhD, he earned his B.Tech. in Production and Industrial Engineering from Indian Institute of Technology Delhi (IITD) in 2010. He worked as an operations consultant for clients in metals and mining industry (2010-2012), and has also taught operational research methods at the London School of Economics (LSE) (2012-2015).

​Contact me at prateekraj@iimb.ac.in
Updates:
  1. Article: “How should a manager balance responsibility towards shareholders and society?”, Forbes India, 21 September 2021
  2. Article: “Universal Basic Wealth is a better option to protect the vulnerable poor”, Forbes India, 3 September 2021 (Patrika), 31 Aug, 2021)
  3. Article: “What America’s dramatic turnaround can teach India”, Forbes India, 17 June 2021 (with Anjul Khadria, Caltech) (Patrika, 30 June, 2021)
  4. ​Article: "How to Manage Large-Scale Public Crises", Stanford Social Innovation Review, Summer 2021 (with Haritha Saranga, IIMB)
  5. Article: "याद रखें नागरिक धर्म और बुनियादी मुद्दों में रुचि लें", ProMarket, 8 May, 2021
  6. Article: "How Twitter weakened India's information ecosystem", ProMarket, 7 May 2021
  7. Talk: "Indian healthcare in the broader development context", World Health Parliament, 21 January 2021, Linked article (Patrika, 1 February 2021)
  8. Article: "भारत की वीआइपी संस्कृति ही है इसके लिए अभिशाप", Patrika, 24 December 2020
  9. Podcast: "Why narratives matter?", Puliyabaazi Podcast, 24 December 2020
  10. Article: “TN’s sui generis development model”, Hindu Business Line, 16 December 2020 (with Prassanna Venkatesh B, IIMB)
  11. ​Article: “क्या हम रूढ़ियों से उठ मानवता की रक्षा कर पाएँगे”, Patrika, 3 December 2020
  12. Article: “धर्म या जाति - हम दोनों का चुनाव नहीं कर सकते”, Patrika, 6 November 2020
  13. Grant: Awarded a grant to study the Enablers and Obstacles for UK-India Trade: Banks and Diasporas, by the UK's Econonomic and Social Research Council (ESRC) and Indian Council of Social Science Research (ICSSR) for their call to study the future of UK-India trade. 21 Oct 2020 (with co-PIs based at King’s College London)
  14. Article: “युवाओं का भविष्य नीतियों के केंद्र में, तो ही विकास”, Patrika. 15 October 2020
  15. Article: “Gandhi’s relevance in a populist world”, Forbes India. 7 October 2020 (with Kamini Gupta, King's College London)
  16. Update: Evolution of Business and Markets - How free and inclusive societies emerge?. 6 October 2020
  17. Article: “विकास का बुनियादी सिद्धांत है सतत मूल्य सृजन”, Patrika. 22 September 2020
  18. ​​​Article: “हिंदी समाज दक्षिणी प्रांतों से क्या सीख सकता है?”, Patrika. 28 August 2020
  19. Podcast: “The Indian economy in the wake of COVID-19”, IIMB Podcast. 12th July 2020
  20. Article: “India’s Covid-19-led reverse migration could be an opportunity for its Hindi heartland”, Quartz. 16th June 2020 (Republished in Scroll.in, 21 June 2020) (with Rishikesha Krishnan, IIMB)
  21. Seminar: “Restarting Hindi heartland - opportunities in the post COVID-19 world”, IIMB Webinar. 16th May 2020 (slide deck)
  22. Article: Why do migrants get such a raw deal?, Hindu Business Line. 12th May, 2020 (with  Manaswini Bhalla and Trilochan Sastry, IIMB)
  23. Article: Need to Improve Emergency Funding in India, BW Business World. 17th Apr, 2020
  24. Article: Age of Human Dignity, Deccan Herald. 1st Feb, 2020
  25. Paper: Is What's Good for Business Also Good for the Market​, 30th Oct, 2019
  26. Article: "Reimagining India into economic clusters to boost growth", Deccan Herald. 14th Oct, 2019
  27. Article: "South India's growth model is worth emulating", Hindu Business Line. 14th Sept, 2019
  28. Article: "Fighting forces that shackle Dalit businesses", Hindu Business Line. 1st Aug, 2019 (with Pankaj Anand, IIMB)
  29. Article: "We need to deal with WhatsApp's misinformation problem", ProMarket. 8th Jul, 2019
  30. Report: "Protecting journalism in the age of digital platforms", Stigler Center. 1st Jul, 2019
  31. Article: "To stop Lynchings...North India needs investments", Hindu Business Line. 1st Jul, 2019
  32. Article: "A Brief History of the Marketplace for ideas", Milken Institute Review. 26th Jun, 2019
  33. Article: “Real Indian priorities that politics does not prioritize”, Mint. 19th Jun, 2019
  34. Article: “Politics of substance”, Hindu Business Line. 30th May, 2019
  35. Article: "What do voters want? Better job opportunities tops the list", Hindu Business Line. 18th Apr, 2019 (with Trilochan Sastry, IIMB)
  36. Paper: Role of socialisation in business: Lessons from Dalit entrepreneurs, SSRN, 14th Apr, 2019 (slides)  
  37. Article: ​"Hindi Heartland needs a urban revolution", Hindu Business Line. 13th Mar, 2019.
  38. Article: Feature by ET's Dinesh Narayanan on “The Missing Metro - The key to India's growth story lies hidden in the hindi heartland”, Economic Times. 15th Nov, 2018.
  39. Grant: Awarded a grant to study the 2019 Kumbh Mela held at Prayagraj, by the Government of Uttar Pradesh, Jan-May 2019.
  40. Grant: Received seed grant for "IIMB Quality of Governance"project at IIM Bangalore for Oct'18-Sept'19 to study historical determinants of governance. 
  41. Lecture: Evolution of Business and Markets Mini-Lectures, IIM Bangalore, 22nd, 26th & 29th Oct, 2018
  42. Paper (Updated): Emergence of Impersonal Exchange, SSRN, 25th Aug, 2018
  43. Paper (Updated): Origins of Impersonal Markets in Commercial and Communication Revolutions of Europe, Stigler Center Working Paper, 25th Aug, 2018
  44. WEHC2018: Origins of Impersonal Markets in Commercial and Communication Revolutions of Europe (slides). 1st Aug, 2018
  45. WEHC2018: Supply Chain Gridlocks: Story of India's Electrification (slides). 30th July, 2018
  46. Joined IIM Bangalore on 18th July 2018 as Assistant Professor in Strategy and IIMB Young Faculty Research Chair.
  47. Received PhD in Management ​on 28th July 2018 from University College London.
  48. CAGE2018: Census and Salience of caste: India's Imagined Communities (slides). University of Warwick,27th June, 2018
  49. Thesis: The Friends we Make - Introduction, UCL, 21st June, 2018
  50. ​Model: Intergenerational transmission of Social Identity, UCL, 21st June, 2018
  51. ​Slides: Internet and the Business Model of Journalism. Hoover Institution (Stanford University), 30th May, 2018
  52. Case: "How Lübeck faded, while Hamburg survived trade disruption from the Dutch" LSE Business Review. 12th Feb, 2018
  53. Podcast: "This explains why modern markets developed where they did", Bloomberg, 15th Jan, 2018
  54. Article: “The role of trade and information technology in the decline of merchant guilds”, VoxEU. 4th Jan, 2018