Price Control Mechanism in Arthasastra

<p>The basic objective of this study is to investigate into the essential features of price control mechanism in Arthaśāstra of Kauṭilya and its relevance for the Indian economy at present.</p><p>The pertinent question in this regard has been put forward in the form of the following hypothesis:</p><p>i) There is a systematic and coherent price control mechanism implicit in Arthaśāstra of Kauṭilya.</p><p>ii) In contrast to the price control mechanism in Arthaśāstra the 'administered price policy' pursued in India during the plan period is inconsistent and ad hoc in nature.</p><p>iii) The method (in modified form) as available in Arthaśāstra may be utilized to devise a coherent 'administered price policy' in a democratic set up as in India at present.</p>