THE SCIENCE OF FINANCIAL MANAGEMENT IN KAUTILYA'S ARTHASASTRA

ABSTRACT

The twenty-first century’s emerging social, cultural, political, economic, and ethical values have encouraged a revival of interest in Kau?ilya's Artha??stra, which is expected to gain more attention. During the last three decades, the science of Financial Management has grown exponentially. It is so because the growing scarcity of resources, both human and natural, will require better and more scientific Management of these resources. The Artha??stra holds a lot of potential because it contains a lot of ideas and concepts that can be used in management science. The primary goal of this paper is to find solutions from Kau ilya's Artha??stra to the managerial challenges that today’s economies encounter and assess? the relevance of Kau ilya's model in today’s management science, particularly in India.