Ancient Indian social philosophy of dharmashatra and arthashastra. Kautilya's Arthashatra is basically the science of wealth and is the representative of the ancient economic thought. Kautilya's Arthashatra (Economics) was a mixture of economic ideas and politics. It divides economic matters into 3 heads. The first head deals with the relation between the power of State and the wealth.The second head covers the treasury and taxation. The third head covers pricing. Kautilya's Arthashatra is a precursor of the the classical economics.
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