A History of Indian Economic Thought (Routledge History of by Ajit K. Dasgupta

By Ajit K. Dasgupta

The background of Indian fiscal concept presents wealthy insights into either financial matters and the workings of the Indian brain. A background of Indian monetary idea presents the 1st assessment of financial notion within the sub-continent. Arguing that it'd be irrelevant to depend on formal fiscal analyses it attracts on a variety of assets; epics, non secular and ethical texts for the early interval and public speeches, addresses, and newspaper articles for controversies from the 19th century onwards. What emerges is a wealthy mosaic reflecting India's diversified cultures and civilizations. Hinduism, Buddhism and Islam all tackle monetary concerns and British colonial rule had a deep influence, either in propagating Western monetary principles and in scary Indian theories of colonialism and underdevelopment. the writer concludes with chapters on Ghandian economics and on Indian monetary concept due to the fact Independence.

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Quoted in Karwal op.

Among the former was Kamandaka whose Nitisara, a work modelled on Kautilya’s, and written probably in the fifth century AD, describes him as ‘that learned man who had reached the limits of knowledge…useful in the acquisition and maintenance of the earth’ and again as one, ‘who churned the nectar of the science of policy from the ocean of political sciences’ (quoted in Karwal 1966:392–3). More typical perhaps is the verdict of Vana the author of Kadambari, one of the best-known plays in Sanskrit literature: Is there anything that is righteous for those, for whom the science of Kautilya, merciless in its precepts, rich in cruelty, is an authority;… whose desire is always for the goddess of wealth that has been cast away by thousands of kings…?

In earlier times the view had been expressed that a small mine yielding products of high value such as diamonds etc. was to be preferred. 14–16). All mines are clearly state property, but not all of them are to be worked directly by the state. 22). 28). 2). 21), and Kautilya’s Arthasastra: economics and polity 31 their wives and children held as hostages to prevent the men from going over to the enemy. As always, Kautilya was greatly concerned with the income the state could derive from its activities.

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