By T. Trautmann
A desirable window into the social and monetary constructions of the time, and into the intricacies of statecraft.
Ascribed to Kautilya (commonly pointed out because the leading minister of Chandragupta Maurya) and courting again greater than 2,000 years, the Arthashastra is the area s first handbook in political economic system. It has a pre- eminence in Indian suggestion that's comparable to that of Machiavelli s The Prince in Europe.
Arthashastra (literally, 'the technology of wealth ) is a research of financial company; particularly, Kautilya s treatise advises the king at the enterprise of constructing prosperity. Arthashastra additionally addresses the query: what makes a superb chief?
This publication is meant to be an advent to the commercial philosophy of the Arthashastra. Its aim is to examine the relevance of this vintage textual content in its personal time in a global during which kings have been regulators of financial actions in their topics, but additionally marketers themselves within the conviction that it has a lot to coach us that has price in our personal age.
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Extra info for Arthashastra: The Science of Wealth: The Story of Indian Business
And Shum, P. (1996) “Price Anomalies at Auction: Evidence from the Market for Modern Prints”, in V. -M. Menger (eds), Economics of the Arts: Selected Essays (Amsterdam: Elsevier). G. (2004) “The Origins of Mutual Funds”, Yale ICF Working Paper no. 04-48. P (1977) “The Monetary Appreciation of Paintings”, Journal of Political Economy, 85(5): 1021–35. CHAPTER 2 Funds of Funds: Diversification, Selection or Expense Arbitrage? Clark L. 1 INTRODUCTION The bull market in the USA during the 1990s resulted in an unprecedented number of investors choosing to invest in equities and in equity mutual funds.
This category includes prospectus objectives such as municipal bond income, government-bond income, sector and index objectives. 008 Equity income 336 11,379 Balanced Corp. 4 trillion) assets of 5,600 mutual funds. Mutual funds with dissimilar investment objectives as FOFs have been excluded from this analysis. Large fund families who offer a FOF product are more likely to place an additional constraint of their FOF’s selections. Namely, they select only from their own family of funds. A FOF portfolio that is solely comprised of “in-house” mutual funds is labelled an “inside” FOF.
A similar survivorship bias is also apparent in other financial indices. 14. See Ashenfelter and Graddy (2003). C. (1974) “Paintings as an Investment”, Economic Inquiry, 12(1): 13–26. Angnello and Pierce (1996) “Financial Returns, Price Determinants and Genre Effects in American Art Investment”, Journal of Cultural Economics, 20(4): 359–83. Ashenfelter, O. (1989) “How Auctions Work for Wine and Art”, Journal of Economic Perspectives, 3(3): 23–36. Ashenfelter, O. and Graddy, K. (2003) “Auctions and the Price of Art”, Journal of Economic Literature, 41(3): 763–88.