Prof. Varadarajan V. Chari is Paul Frenzel Land Grant Professor of Liberal Arts in the University of Minnesota and adviser at the Federal Reserve Bank of Minneapolis. He is also the Founding Director of Heller-Hurwicz Economics Institute. He earned his B.Tech. degree in Chemical Engineering from IIT Bombay in 1974 and PhD degree from Carnegie-Mellon University in 1980.nnAfter graduating from IIT Bombay, Prof. Chari worked as a Production Engineer at Union Carbide (India) Limited from 1974 to 1976. After completing his Ph.D. degree from Carnegie-Mellon University in 1980, he joined the J. L. Kellogg Graduate School of Management, Northwestern University as an assistant professor of managerial economics. In 1986 he moved to the Federal Reserve Bank of Minneapolis where he eventually became senior research officer and economic advisor. In 1992 he returned to the Kellogg Graduate School of Management as Harold H. Hines, Jr. Professor of Risk Management.