Arthashastra

The Arthashastra (Sanskrit: अर्थशास्त्रम्, IAST: Arthaśāstram Translation: Economics) is an Ancient Indian Sanskrit treatise on statecraft, political science, economic policy and military strategy. Kautilya, also identified as Vishnugupta and Chanakya, is traditionally credited as the author of the text. The latter was a scholar at Takshashila, the teacher and guardian of Mauryan emperor Chandragupta Maurya. Some scholars believe them to be the same person, while a few have questioned this identification. The text is likely the work of several authors over centuries. Composed, expanded and redacted between the 2nd century BCE and 3rd century CE, the Arthashastra was influential until the 12th century, when it disappeared. It was rediscovered in 1905 by R. Shamasastry, who published it in 1909. The first English translation, also by Shamasastry, was published in 1915. After a dormant reception, primarily confined to the academic circles, the conversation around Arthashastra in 21st century has generated sudden global interest, especially amongst global power-predictors, who are trying to decipher what a rising India would mean for the world, as it is anticipated to reflect the indigenous model of Shakti as defined by Kautilya's Arthashastra. It has a unique approach to defining Power of the nation states.

The Sanskrit title, Arthashastra, can be translated as "political science" or "economic science" or simply "statecraft", as the word artha (अर्थ) is polysemous in Sanskrit; the work has a broad scope. It includes books on the nature of government, law, civil and criminal court systems, ethics, economics, markets and trade, the methods for screening ministers, diplomacy, theories on war, nature of peace, and the duties and obligations of a king. The text incorporates Hindu philosophy, includes ancient economic and cultural details on agriculture, mineralogy, mining and metals, animal husbandry, medicine, forests and wildlife.

The Arthashastra explores issues of social welfare, the collective ethics that hold a society together, advising the king that in times and in areas devastated by famine, epidemic and such acts of nature, or by war, he should initiate public projects such as creating irrigation waterways and building forts around major strategic holdings and towns and exempt taxes on those affected. The text was influenced by Hindu texts such as the sections on kings, governance and legal procedures included in Manusmriti.