Auctions in Kautilya’s Arthasastra

Babu, P. G. and Kumar, Vikas (2023) Auctions in Kautilya’s Arthasastra. In: Axes of Sustainable Development and Growth in India. Springer Nature, Singapore, pp. 311-332.

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Abstract

The chapter delves into the intricate system of auctions in ancient India as outlined in the Kautiliya Arthasastra, a treatise on statecraft and economic activities. It compares these auctions to modern mechanisms, emphasizing the focus on just prices and the state's role in market regulation. The text also discusses the differences between auctions for goods and land, highlighting the distinct approaches to competition and price discovery. Additionally, it provides insights into the historical context of these auctions and their relevance to modern economic theory.

Item Type:	Book Section
Authors:	Babu, P. G. and Kumar, Vikas
Editors:	Editors Email ORCID Tiwari, Piyush UNSPECIFIED UNSPECIFIED Parikh, Kirit UNSPECIFIED UNSPECIFIED
Document Language:	Language English
Subjects:	Social sciences > Economics History & geography History & geography > History of Asia
Divisions:	Azim Premji University - Bengaluru > School of Development
Full Text Status:	None
URI:	http://publications.azimpremjiuniversity.edu.in/id/eprint/6856
Publisher URL:	https://doi.org/10.1007/978-981-19-9756-3_15

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