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The social contract in Kautilya's Arthasastra and the Mauryan empire of ancient India
The taxation base articulated in Kautilya's Arthasastra has attracted renewed interest by economists. Their assessments have generally been positive. That it coheres with modern taxation principles and is indicative of the benign social contract Kautilya devised for his idealized state of territory-cum-people or janapada. The developmental hegemonic Kautilya-Mauryan state was in fact a domain as well as a tax state, endeavouring to monetize, marketize and expand the economy, However, its over-extensive public sector, close alignment with the higher classes, excess socio-economic regulation and revenue needs, resulted in a combined property, taxation and transfer regime that likely retarded entrepreneurship, private capital accumulation and long-run economic growth prospects. Thus the social contract subsisting in the Kautilya-Mauryan state was not as benign as frequently portrayed, despite laws, principles and doctrines in Dharmasastra and Arthasastra delimiting the constitutional metes and bounds of monarch and state.
Funding
Category 1 - Australian Competitive Grants (this includes ARC, NHMRC)
History
Volume
4Issue
2Start Page
325End Page
344Number of Pages
20ISSN
0972-5784Location
New DelhiPublisher
Serial PublicationsLanguage
en-ausPeer Reviewed
- Yes
Open Access
- No
External Author Affiliations
Faculty of Business and Law; TBA Research Institute;Era Eligible
- Yes