What are the basic concepts in economics as discussed in relation to Kautilya and the Arthashastra?
Understand the Problem
The question is referencing basic concepts in economics, discussing categories of sciences, and mentioning Kautilya and the Arthashastra. It seeks to understand the foundational definitions and perspectives on economics.
Answer
Crucial role of the state, wealth extraction for welfare, efficient administration, political ideas.
Key concepts in Kautilya's Arthashastra include the crucial role of the state or government, the extraction of wealth as a means to ensure welfare, efficient administrative machinery, and the compilation of political ideas.
Answer for screen readers
Key concepts in Kautilya's Arthashastra include the crucial role of the state or government, the extraction of wealth as a means to ensure welfare, efficient administrative machinery, and the compilation of political ideas.
More Information
Kautilya, also known as Chanakya, authored Arthashastra, an ancient Indian treatise that combines aspects of statecraft, economic policy, and political science. It provides timeless economic principles relevant even today.
Sources
- Arthashastra - Wikipedia - en.wikipedia.org
- Kautilya's Arthashastra and Modern economic theory: A comparative ... - linkedin.com
- Social, Political & Economic Landscapes in Kautilya's Arthashastra - worldhistory.org
