English, Article edition: Kautilya on economics as a separate science Balbir S. Sihag

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Bookmark: http://trove.nla.gov.au/version/29053
Physical Description
  • article
Language
  • English

Edition details

Title
  • Kautilya on economics as a separate science
Author
  • Balbir S. Sihag
Physical Description
  • article
Notes
  • Purpose – The purpose of this paper is to explore the origin of economics as a separate science. Design/​methodology/​approach – A very comprehensive approach is presented for determining the origin of economics as a science. Three kinds of inter-related issues are discussed: how to interpret and evaluate earlier, particularly ancient, writings, the specification of the requirements for declaring economics as a science and the definition, scope and methodology of economics. Findings – Application of the most stringent requirements for declaring economics as a separate science to Kautilya's Arthashastra validated A.K. Sen's claim that it is the first book on economics. Research limitations/​implications – According to Kautilya, economics is a separate science but not independent of other disciplines and particularly of ethics. Whereas, most of the current research ignores this inter-dependence and consequently does not fully capture reality. Practical implications – It implies that the inter-dependence between economics and other disciplines should be encouraged and vigorously explored. Originality/​value – It validates Redman's assertion, “The history of economics as a science is, in my view, still waiting to be properly written”.
  • Economics, Optimization, Sciences
  • RePEc:eme:humpps:v:25:y:2009:i:1:p:8-36
Language
  • English
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