Thursday, June 16, 2011

SUBRAMANIYA SWAMY

Born on September 15, 1939, Dr. Swamy is today a nationally known leader, who is widely respected for his conviction and commitment to furthering democracy and market economy. Infact, the Reform programme which Dr. Swamy had been promoting for nearly two decades has become today the mainstream thought and ideology in the country. Currently he is the President of the JANATA PARTY, a party founded by Lok Nayak Jayaprakash Narayan in 1977. A look into his past achievement can provide some insight into what makes him so different from his political contemporaries. He is a political leader with a difference. Presently he represents the historic city of Madurai in Lok Sabha, his faith term in Parliament, elected in 1998.
Academic Background:

Dr. Swamy has impressive scholarly credentials, having earned a doctorate in economics from the prestigious Harvard University in 1964, after having worked with Nobel Laureate Simon Kuznets, and jointly authored papers with another Nobel Laureate, Paul.A Samuelson.

At Harvard, Dr. Swamy taught Economics for a number of years (1963-69, 1971, 1985-86). From 1969-91, that is, for 22 years, Dr.Swamy was professor of Economics at the Indian Institute of Technology, New Delhi, till he resigned the post in 1991, while he was Cabinet Minister for Commerce, Law & Justice. Dr. Swamy is a linguist and is proficient in Tamil, Hindi, English and Chinese. Before going abroad for Ph.D. at Harvard, Dr.Swamy completed his Master in Statistics at the Indian Statistical Institute, Calcutta. It is here, that he challenged the authenticity of research done by ISI director Prof. Mahalanobis. For his scholarship, he was invited to enroll for Ph.D research at Harvard.

Contribution as an Economist:

Some of Dr. Swamy's research work carried out at Harvard and afterwards in India, have earned him a high standing in the field of Economics. Dr. Swamy published his first book in 1971 when he presented a clear alternative economic strategy, in his book Indian Economic Planning - An Alternative Approach (Vikas Publishers). The then Prime Minister Mrs. Indira Gandhi took the unprecedented step of critically reviewing the book on the floor of the Lok Sabha during her reply to the Budget Debate.

His work Economic Growth in China and India 1952-1970: A Comparative Appraisal (University of Chicago Press, 1973) has received wide scholarly acclaim in the field. His jointly authored papers with Nobel Laureate Paul A Samuelson on the 'Theory of Index Numbers' published in the American Economic Review (1974) and the Royal Economic Society's Economic Journal (1984) are regarded as path-breaking research in economic theory. He is also the author of a well-known study on Indian's nuclear on China with his second book Comparative Appraisal of China and India (1870-1986), published by Vikas in 1989.

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