Anush Kapadia

Assistant Professor, HSS (Humanities and Social Sciences), IIT Bombay


I work on the politics of financial systems, trying to understand how system-design choices are also political choices, and how these choices lead to macro-social outcomes such as growth or crises. I have done both theoretical and empirical work in case studies covering Indian bond markets, the US shadow-banking system, the EU, and the global reserve system.

Research Areas

– Sociology and political economy of finance

– Political economy of development

– Indian political economy

– Theories of money

– Classical political economy

– New and old Institutionalism 

– History of economic thought

Academic Background

– B.A. Political Science, Amherst College, 2000

– M.A. Anthropology, Columbia University, 2001

– M.Phil. Anthropology, Columbia University, 2007

– Ph.D. Anthropology, Columbia University, 2009


Journal Articles:

The Structure of State Borrowing: Towards a Political Theory of Control Mechanisms, Cambridge Journal of Regions, Economy and Society, Volume 10, Issue 1 1 March 2017.

Money and Demonetisation: The Fetish of Fiat, Economic and Political Weekly, Vol. LI, Issue No. 51, 17 December, 2016.

Europe and the logic of hierarchy, Journal of Comparative Economics, 41, 436–446, 2013.

Co-authored with Arjun Jayadev, When the Facts Change: How Can the Financial Crisis Change Minds? Economic and Political Weekly, Vol. 44, Issue No. 13, 28 Mar, 2009.

Co-authored with Arjun Jayadev, The Credit Crisis: Where It Came From, What Happened, and How It Might End, Economic and Political Weekly, Vol. 43, Issue No. 49, 06 Dec, 2008.

Book Chapters:

Encyclopedia Plutonica, (review of Piketty’s Capital in the twenty-first centurty), Hau: Journal of Ethnographic Theory 5 (1): 509–516, 2015.

The Death of the Social, (Review of) Behind the Beautiful Forevers: Life, Death, and Hope in a Mumbai Undercity by Katherine Boo, Anthropology Now, Vol. 5, No. 1, pp. 108-111, April 2013.




– Assistant Professor, Department of Humanities and Social Sciences, IIT Bombay, 2016-

– Lecturer on International Politics, City University, London, 2013-2016

– Lecturer on Social Studies, Harvard University, 2011-2013

– Postdoctoral Research Scholar, Committee on Global Thought, Columbia University, 2009- 2011