3 Review(s)

Throughout the history of economic thought, different political ideas have often been associated with different schools of thought about how economies operate. For example, Adam Smith used his theories of trade and division of labour to argue for laissez-faire economic policies, particularly against the mercantilism. Similarly, Marx developed his theories, which focused on production and labour, to advocate socialism and communism. Preclassical thoughts, which had appeared in Vedas dating a millennium prior to the Greek writings, had culminated into the treatise, Arthashastra, by Kautilya in the fourth century BCE. The work while outlining the various ancient Indian texts and the economic thoughts expressed therein, delves into the reasons why they went unnoticed, especially the economic policies laid down by Kautilya; it shows how these policies exemplify the pragmatic application of the modern economic principles and brings out, in a bold respite, the contribution of this pre-classical literature. This book deals with the history of economic ideas, revealing the economic and political contributions of different schools of thought. This book will provide an in depth analysis of the contributions made by plentiful thinkers.ContentsAdam Smith David Ricardo Thomas Robert Malthus J. B. Say Robert Owen, Proudhon Karl Marx Kautilya Modern Indian Economic Thought.