Public Finance in Ancient India

Public Finance in Ancient India

Author: K.R. Sarkar

Publisher: Abhinav Publications

Published: 2003-06

Total Pages: 296

ISBN-13: 9788170170723

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This book is an attempt to focus the attention on the sound economic ideas, magnificent financial management prevalent in ancient India. To start with a comparative position of ancient India and other ancient seats of civilization in this regard has been highlighted. The principles of Taxation, classification of Revenues–both from tax and non-tax sources and various taxes in vogue such as Land Revenue, Customs, Excise Duty, Sales Tax, Excess Profits Tax, Octroi etc. and also revenue from non-tax sources feature in the few subsequent chapters. The principles of expenditure and classification of State expenditure–Military, Civil and Welfare-oriented expenditures–are dealt with in the next few chapters. Financial Administration and methods of Accounting and also Budget including performance budget have been discussed. The findings of this book are based not only on the literary sources but also on the epigraphical evidences.


A Free Nation Deep in Debt

A Free Nation Deep in Debt

Author: James MacDonald

Publisher: Princeton University Press

Published: 2006-05-22

Total Pages: 580

ISBN-13: 9780691126326

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For the greater part of recorded history the most successful and powerful states were autocracies; yet now the world is increasingly dominated by democracies. In A Free Nation Deep in Debt, James Macdonald provides a novel answer for how and why this political transformation occurred. The pressures of war finance led ancient states to store up treasure; and treasure accumulation invariably favored autocratic states. But when the art of public borrowing was developed by the city-states of medieval Italy as a democratic alternative to the treasure chest, the balance of power tipped. From that point on, the pressures of war favored states with the greatest public creditworthiness; and the most creditworthy states were invariably those in which the people who provided the money also controlled the government. Democracy had found a secret weapon and the era of the citizen creditor was born. Macdonald unfolds this tale in a sweeping history that starts in biblical times, passes via medieval Italy to the wars and revolutions of the seventeenth and eighteenth centuries, and ends with the great bond drives that financed the two world wars.


A Study

A Study

Author: R. P. Kangle

Publisher: Motilal Banarsidass Publ.

Published: 1992

Total Pages: 320

ISBN-13: 9788120800410

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Kautilya's Arthashastra

Kautilya's Arthashastra

Author: Kau?alya

Publisher: Jaico Publishing House

Published: 2009-01-01

Total Pages: 206

ISBN-13: 8184950292

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Kautilya, also known as Chanakya, is India s most illustrious political economist of all time. He regarded economic activity as the driving force behind the functioning of any political dispensation. In fact, he went to the extent of saying that revenue should take priority over the army because sustaining the army was possible out of a well-managed revenue system.Kautilya advocated limiting the taxation power of the State, having low rates of taxation, maintaining a gradual increase in taxation and most importantly devising a tax structure that ensured compliance. He strongly encouraged foreign trade, basing it on the premise that for a successful trade contract to be established, it had to be beneficial to all. He emphasised State control and investment in land, water and mining. Kautilya was a true statesman who bridged the gap between experience and vision. For Kautilya, good governance was paramount. He suggested built-in checks and balances in systems and procedures for the containment of malpractices. Many postulates of Kautilya s philosophy of political economy are applicable to contemporary times.


Age of the Nandas and Mauryas

Age of the Nandas and Mauryas

Author: K.A. Nilakants Sastri

Publisher: Motilal Banarsidass

Published: 1967-01-01

Total Pages: 486

ISBN-13: 8120804651

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The present work deals with the period c. 400-185 B.C. which saw grat changes in the political, economic and artistic life of India. Alexander, Chandragputa, Chanakya and Asoka dominate the period. We get vivid pictures of the outstanding events of the period--as of Alexander's conquests and their influence on the cultural life of India, of the fusion of Brahma-Ksatra in the early Mauryan rule after the overthrow of the Nandas and of the rule of Asoka and his successors.The work consists of eleven chapters contributed by eminent historians. The reader would find the chapters on Mauryan Polity, Industry, Art, Religion, Language, and Literature very interesting and instructive.