Overview

The basic objective of this study is to investigate into the essential features of price control mechanism in Arthaśāstra of Kauṭilya and its relevance for the Indian economy at present. The pertinent question in this regard has been put forward in the form of the following hypothesis: i) There is a systematic and coherent price control mechanism implicit in Arthaśāstra of Kauṭilya. ii) In contrast to the price control mechanism in Arthaśāstra, the 'administered price policy', pursued in India during the plan period, is inconsistent and ad hoc in nature. iii) The method (in modified form), as available in Arthaśāstra, may be utilized to devise a coherent 'administered price policy' in a democratic set up as in India at present.

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The author of this volume Dr. Ratan Lal Basu is a Ph. D. in Economics (on Arthaśāstra, the treatise on political economy and statecraft composed by a Brāhmaṇa scholar Kauṭilya around 300 B. C.). He retired as principal from a Government-Sponsored College at Kolkata, and after retirement got fully occupied with research and publishing activities pertaining to Indology, ancient economics, modern economic problems, economic history, yoga and tantra cult, statecraft, international relations and espionage, ethics and morality and also fiction in English and Bengali (his mother tongue).

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