Open Access



Economic Thought of Kautilya (The First Indian Economist)

Mr. Virendrabhai A. Patel

DIP: 18.02.008/20180301

DOI: 10.25215/2455/0301008

Received: January 11, 2018; Revision Received: February 12, 2018; Accepted: March 21, 2018


When we asked about first economist then Adam Smith is named by all people. But even before Adam Smith, Kautilya had given the idea of ​​economics in India.  Kautilya wrote a book titled ‘Arthshastram‘ in Sanskrit, expressing his economic ideas. Kautilya has used the scriptures, Purano, Upanishado as well as the writings of Manu, Shukracharya, Yagnavalkya etc. in his book. In the economics of Kautilya he does not study the wealth of nations, nor discusses its nature and causes. But he gives such advice to the king. That the power or wealth of the State should be as well as maintain and increased. Thus, the economics given by Kautilya is not ‘pure and complete economics’. But it is a blend of economics, politics, ethics and theology. Kautilya’s economic ideas can be called ‘political economics’. The sections on the administrative system, described by Kautilya, provide important ideas on taxation, the “Fourth Hierarchy,” as well as the seven organs of state power that include the swami (lord), Amatya (committee members of state administration), Durg (fort), rajkosh (treasure of state), janpad (people of state), dand (fines) and mitro (friends). Which he had never mentioned before in any of the ancient Indian political literature, and I have addressed these matters in most of my research papers. Have tried to light it.

The authors profoundly appreciate all the people who have successfully contributed to ensuring this paper in place. Their contributions are acknowledged however their names cannot be mentioned.

The author declared no conflict of interest.

This is an Open Access Research distributed under the terms of the Creative Commons Attribution License (, which permits unrestricted use, distribution, and reproduction in any Medium, provided the original work is properly cited.

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Article Overview

ISSN 2348-5396

ISSN 2349-3429

DIP: 18.02.008/20180301

DOI: 10.25215/2455/0301008

Published in

Volume 03, Issue 1, January – March, 2018

  • 247Downloads
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