IV (3). Centrally directed economic systems 3. Akbarnama There was also some kind of central direction during the Moghul rule (1526-1707) ABUL FAZL, the prime minister of emperor Akbar, propounds a theory of monarchy approved by the emperor in the…
Blog Archives
MECHANISMS TO SOLVE ECONOMIC PROBLEMS – IV (2)
IV. Centrally directed economic systems 2. Arthashastra Some examples of central direction is also found in Kdautilya’s “Arthashastra” which consists of 150 chapters or 6000 shlokas composed in the interested of the Maurya King Kautilya also known as Vishnugupta or…
MECHANISMS TO SOLVE ECONOMIC PROBLEMS – IV (1)
IV. Centrally directed economic systems 1 Introduction: Central direction as a mechanism to solve the economic problem was resorted to by the olden kings even in India. The political organisation was headed by the king i.e.a hereditary institution under the…