Unit 1B: Chinese and Indian Economics Flashcards
He was born in 517 BC. Was a prominent Chinese statesman, military strategist, diplomat, economist, philanthrophist, taoist, and founder of Chuism.
Fan Li
Father of Chinese Commercial Business
Fan Li
Fan Li was considered as ___________?
Wealthiest citizen in the five thousand years of Chinese history
He was an acnient Indian teacher, philosopher, economist, jurist, and royal advisor. Known as “Kautilya” or “Vishnugupta”
Chanakya
Chanakya authored this ancient indian political treatise called ?
Artashastra
He was considered the pioneer in the field of political science and economics
Chanakya
Artha; wealth
Shastra; ?
Science
Artashastra is trasnlated as?
The science of Politics
Artashastra is written in?
Sanskrit
T OR F
Artashastra includes books on the nature of government, law, civil and crinimal court systems, ethics, economics, markets, etc.
TRUE
Artashastra is likely to be made by several authors
T OR F
TRUE
Artashastra was dates to 2nd or 3rd BC, was influential until 12th century, when it dissapeared and was rediscovered in 1905 by ?
R. Shamasastry
Deals with topics such as the principal-and-agent problem, information asymmetry, urban-bias, principles of taxation, importance of national income accounting and cencus data, etc
Artashastra
According to artashastra, this is a prereq for economic development
National Security - because by maintaining order, the king can preserve what he has
“Dharmic Social Contract”
taxes are levied for the maintenance of social oder
In Artashastra, how do they see traders?
Unproductive yet recognizes the importance of commerce and trade as contributor to economic welfare.
