Skewed wealth ownership continues. India's billionaires reportedly own 20 per cent of its overall wealth. Mukund digs out interesting models. In Tamilakam, south of Deccan, wealth was often donated or kept in trusteeship in temples to legitimise it, socially sanctify its owners, and used in development. This is quite contrary to the situation today, where wealth is squirreled offshore to tax havens in Europe and South America. India's black wealth exceeds the combined offshore black wealth of the US and China. If 50 per cent of our wealth was black money two decades ago, today it is a staggering 84 per cent, as per some estimates.
In one way, federalism in India has abetted such practices. Tamilakam rulers tended to treat bureaucracy as a variable cost — increasing its size during economic boom times and reducing it during times of slump. While fiscally profitable, this approach tended to make bureaucracy "patronage-dependent", with loyalties towards vested interests.
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India has always been a weak state with a strong society while China has been a strong state with a weak society. Social change in India is brought about more by the society, and by the government in China. The Agent Raj Roy's interestingly researched book says colonial exploitation of India had been hugely overstated. For instance, colonial export of cloth to England did not account for more than 0. The East India Company expanded our trade potential by legal enforcement of law of contract and by the use of a network of agents. Commerce grew from being only intra-family and intra-community to inter-family and inter-community.
A typical Indian company is a crossbreed of widely-held shareholding and a proprietorship concern wherein the owner family looms large despite professionalism. Ganguly ". The fascinating story of the network that made modern India The railways brought modernity to India. Its vast network connected the far corners of the subcontinent, making travel, communication and commerce simpler than ever before. Even more importantly, the railways played a large part in the making of the nation: by connecting historically and geographically disparate regions and people, it forever changed the way Indians lived and thought, and eventually made a national identity possible.
This engagingly written, anecdotally told history captures the immense power of a business behemoth as well as the romance of train travel; tracing the growth of the railways from the s when the first plans were made to Independence, Bibek Debroy and his co-authors recount how the railway network was built in India and how it grew to become a lifeline that still weaves the nation together. This latest volume in The Story of Indian Business series will delight anyone interested in finding out more about the Indian Railways.
This book is a definitive introduction to the classic text, the Arthashastra, the world's first manual on political economy. The year-old treatise is ascribed to Kautilya, prime minister to King Chandragupta Maurya, and is as important to Indian thought as Machiavelli's The Prince is to Europe.
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Arthashastra, or 'the science of wealth', is a study of economic enterprise, and advises the king-entrepreneur on how to create prosperity. Thomas Trautmann's exploration of this seminal work illuminates its underlying economic philosophy and provides invaluable lessons for the modern age. The tale of the Tamil merchant is a fascinating story of the adventure of commerce in the ancient and early medieval periods in India.
The early medieval period saw an economic structure dominated by the rise of powerful Tamil empires under the Pallava and Chola dynasties. This book marks the many significant ways in which the Tamil merchants impacted the political and economic development of south India.
This groundbreaking study examines how the East India Company founded an empire in India at the same time it started losing ground in business. But in the late s, its career took a dramatic turn, and it ended up being an empire builder. In this fascinating account, Tirthankar Roy reveals how the Company's trade with India changed it—and how the Company changed Indian business.
Fitting together many pieces of a vast jigsaw puzzle, the book explores how politics meshed so closely with the conduct of business then, and what that tells us about doing business now. Three Merchants of Bombay is the story of three intrepid merchants who traded out of Bombay in the nineteenth century—Tarwady Arjunjee, Jamsetjee Jeejeebhoy and Premchand Roychand—founding pioneering business empires based on trade in cotton and opium. Set against the backdrop of global and local economies undergoing rapid and unforeseen change, these stories stand as a microcosm for the history of indigenous capitalism in western India.
Kautilya on institutions, governance, knowledge, ethics and prosperity. Humanomics 23 1 : Therefore please create and write about the Arthashastra's contribution to economics by referring to the above-mentioned economic papers. If anyone know the language in which the Arthashastra is originally written, they are requested to update that information in the article. Please change "professor" and "university" into different terms. These are anachronistic and serves to undermine the contents sense of factuality. Also they might mislead uneducated readers.
I have seen a modern literature section in here off and on. Keeps getting reverted in the name of trivia. However, the author Brad Thor has an article, the mentioning of Arthashastra is an uncommon topic in modern literature and in the book several true recipes for poisons, bio-warfare and chemical warfare are mentioned. All gleaned from Arthashastra.
I do not care to get into a silly edit war and considering the people watching this article for this fact Modern Literature "trivia nonsense" alone, I would also ask for an outside opinion. It seems to be another example of apocryphal quotes in wikipeida. You can personally check it here. I have just added archive links to one external link on Arthashastra.
Please take a moment to review my edit. I made the following changes:.
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When you have finished reviewing my changes, please set the checked parameter below to true to let others know. Y An editor has reviewed this edit and fixed any errors that were found. Wujastyk: The source you added is already in the article.
I have standardized the format, and updated the links to sources you added. I am puzzled by your proposed changes to the lead. Why delete the Olivelle's source? I will leave it your way for now, may be move it to the main article after check, if need be, as it feels undue in the lead.
The opinion piece is WP:Primary and I can't figure out who wrote that opinion piece his or her qualifications. So, the burden is on you to prove it WP:RS. The link is also inappropriate because the linked article is a stub full of OR, that I can't verify what you added there. Please don't edit war.
Get consensus here. Kautilya3 : , thank God you found a book. Now, this journal war will stop as I said before. I have just modified one external link on Arthashastra. If you have any questions, or need the bot to ignore the links, or the page altogether, please visit this simple FaQ for additional information. Nightbat : Welcome to wikipedia.
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Please do not edit war and explain your edit here, "after reviewing the content policies and guidelines ". Hello Sarah. I've been on Wikipedia nearly a decade longer than you. So, hey, welcome to Wikipedia. Nightbat talk , 30 April UTC. I doubt you have read the sanskrit manuscript of Arthasastra, it is obviously a Hindu text.
Your OR above is unacceptable basis for your edit. You are attacking WP:RS. You have not answered Kautilya3 's remarks above. I do not want to go down the level of Nightbat 's level of OR debates, but he doesn't seem to know that all religions have evolved a variety of philosophies guiding all aspects of human life. His knowledge of religion is superficial, and not scholarly. Let me do that for a moment and speak with you at your level of intellect. You accuse me of OR. These are not blogs or forums. They include one book, and 4 peer-reviewed, academic papers from international journals.
How is that OR?
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Do you define OR as anything that you don't agree with? Nightbat talk , 1 May UTC. After I provided 5 references, she removed my edit again, without reason.
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