Anand Swamy | Ideas for India

Anand Swamy
Williams College
Anand V. Swamy is Professor of Economics at Williams College, Williamstown, MA 01267, U.S.A., where he is also associated with the Center for Development Economics.

Swamy works in development economics and Indian economic history. His work has been published in American Economic Review, Journal of Development Economics, Journal of Development Studies, Economic Development and Cultural Change, Explorations in Economic History, and Public Choice. 
Articles By Anand Swamy
Regulating land markets: The colonial inheritance
Posted On: 10 Feb 2016

Topics:   Land

State intervention in markets is usually thought of as a post-independence phenomenon. However, this column demonstrates that extensive State intervention in land and credit transactions can be traced back to policies adopted by the British Raj in India, beginning in the late 19th century.
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Microfinance and predatory lending: The same old story?
Posted On: 19 Sep 2012

Once hailed as a near-miraculous way of lending money to the poor, microfinance is now often seen as exploitation – and governments are stepping in. This column looks at another point in India’s history where lawmakers have intervened in lending practices: following the Deccan Riots between farmers and moneylenders in 1876. It argues that in hindsight this was an overreaction – and perhaps there is a lesson for today.
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