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Kautilya

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Towards Higher Sustainable Economic Growth with People Welfare: Good governance in Kautilya's literature is aimed at fulfilling the welfare of the people. "In the happiness of the King's subjects lies his happiness, in their welfare, his welfare." The jargons related to Financial & Human Resource Management were not prevalent then, but its essence was widely observed in Kautilya's writings. "The King should look to the bodily comforts of his servants by providing such emoluments as can infuse in them the spirit of enthusiasm to work. He should not violate the course of righteousness and wealth. Thus, he shall not only maintain his servants, but also increase their subsistence and wages in consideration of their learning and work."
Kautilya said that good governance and financial stability go hand in hand. According to him, there is stability if rulers (managers) are responsive, responsible, accountable, removable, and recallable, otherwise there would be instability.
Clearly Kautilya's Arthashastra provides many valuable lessons to be learned by the present day rulers, managers and administrators. What is surprising is that what he taught about 2,400 years ago is equally, if not more relevant, even today. His vision and farsightedness, revealed in his text, is a precious gift to mangers and management education.
Themes
Roger Boesche describes the Arthaśāstra as "a book of political realism, a book analysing how the political world does work and not very often stating how it ought to work, a book that frequently discloses to a king what calculating and sometimes brutal measures he must carry out to preserve the state and the common good."[14] Centrally, Arthaśāstra argues for an autocracy managing an efficient and solid economy. It discusses the ethics of economics and the duties and obligations of a king.[15] The scope of Arthaśāstra is, however, far wider

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