KAUTILYANOMICS

India was an economic power to reckon with until its economic decline in the 18th century. What explains this long period of prosperity? The answer might lie in a framework of social and economic thought that lies buried in our ancient heritage, says Sriram Balasubramanian, of which Kautilya’s Arthashastra is a major example. Kautilyanomics for Modern Times seeks to do three things—first, to provide a structure and a context for Kautilya’s economic thoughts; second, to examine his work’s relevance today; and third, to do it in a way that a lay reader can follow and grasp easily. Kautilya’s thought is mainly articulated through the prism of dharmic capitalism and its components—some examples include his views on global economic outlook, state-market dynamics, and sustainable growth through observance of environmental, societal and familial responsibilities. Fathoming India’s rich economic and philosophical heritage and making use of it, Balasubramanian argues, would prove to be a great asset in India’s/the country’s/the nation’s ascent again.