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Kautilya's 'Arthashastra' and Modern Economics
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Kautilya’s ‘Arthashastra’ is fundamentally a book of state management. Arthashastra comprises of fifteen books. Of these, the first five deals with internal administration, the next eight deals with relations with bordering states and rest two are miscellaneous in character. Arthashastra by Kautilya put emphasize on two broad objectives: Resource maximization and also their optimum management. This paper is an attempt to relate his economic thoughts which he suggested in Fourth Century B.C. and its application in modern days. The entire study shows that economic ideas of Kautilya is based on certain scientific principles. Arthashasra is a great expression of setting guidelines for state management. His economic ideas are still pertinent in modern times. Hence, this great philosopher as well as statesman must have a prominent place among the gems of the history of economic thoughts.
Title: Kautilya's 'Arthashastra' and Modern Economics
Description:
Kautilya’s ‘Arthashastra’ is fundamentally a book of state management.
Arthashastra comprises of fifteen books.
Of these, the first five deals with internal administration, the next eight deals with relations with bordering states and rest two are miscellaneous in character.
Arthashastra by Kautilya put emphasize on two broad objectives: Resource maximization and also their optimum management.
This paper is an attempt to relate his economic thoughts which he suggested in Fourth Century B.
C.
and its application in modern days.
The entire study shows that economic ideas of Kautilya is based on certain scientific principles.
Arthashasra is a great expression of setting guidelines for state management.
His economic ideas are still pertinent in modern times.
Hence, this great philosopher as well as statesman must have a prominent place among the gems of the history of economic thoughts.
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