Question

economics in Indian thought.............​

Answer 1

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Economic Thoughts of India:

Classical economic thoughts of India are based on the ideas of Vedas, Upanishads, Epics etc. ... Most of the classical economists of the world broadly accepted the ideas of Kautilya as a base for productivity of labour, exchequer (Revenue), tax, price determination, agriculture etc.

Answer 2

Classical economic thoughts of India are based on the ideas of Vedas, Upanishads, Epics etc. During the reign of Chandragupta, i.e., on 300 B.C., Kautilya wrote a valuable book on economics entitled “Arthashastra”. This book depicts a complete picture of the rural and agrarian economy of ancient India relating to its agriculture, land relations, cottage industries, economic structure etc.

Most of the classical economists of the world broadly accepted the ideas of Kautilya as a base for productivity of labour, exchequer (Revenue), tax, price determination, agriculture etc. Kautilya’s “Arthashastra” and various other ethics were primarily’ concerned with the problem of production and exchange while the other religious discourses primarily dealt with the problem of consumption and distribution. ...

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