The First Laws in Economics and Indian Economic Thought – Thirukkural

7 Pages Posted: 31 Jan 2010  

Chendrayan Chendroyaperumal

Deceased; Anna University of Technology Chennai - Saveetha Engineering College

Date Written: January 29, 2010

Abstract

All economic problems take their reason to the basic economic variables namely demand and supply of products/services. Thus the first laws in modern economics become the Law of Demand and the Law of Supply along with the Say’s Law. Conceptual clarity is essential for solving economy’s problems. Hence this paper attempts to throw light on these fundamental concepts and bring the Indian thought on the relationship among supply, demand and price from Thirukkural which is more than 2000 years old but yet relevant even to this day! It also proposes four basic economic laws from Thirukkural.

Keywords: Economics, Basic Laws in Economics, Thirukkural, Indian Economic Thought

Suggested Citation

Chendroyaperumal, Chendrayan, The First Laws in Economics and Indian Economic Thought – Thirukkural (January 29, 2010). Available at SSRN: https://ssrn.com/abstract=1545247 or http://dx.doi.org/10.2139/ssrn.1545247

Anna University of Technology Chennai - Saveetha Engineering College ( email )

Chennai, TN Tamil Nadu 602105
India
9543187677 (Phone)

HOME PAGE: http://www.saveetha.ac.in

Register to save articles to
your library

Register

Paper statistics

Downloads
238
rank
119,356
Abstract Views
1,124
PlumX