PEDAGOGY OF ECONOMICS - Rajakumar, M.
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Economics, prior to the appearance of Adam Smith's Wealth of Nations, was a handmaid to theology and politics. True to its older name, 'Political Economy', it was regarded as a branch of statecraft. Kautilya, the great Indian statesman, named his book on statecraft as Arthashastra, the Hindi equivalent of 'Economics'. To the Greeks, Oceonomicus was the science of household management.

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Economics, prior to the appearance of Adam Smith's Wealth of Nations, was a handmaid to theology and politics. True to its older name, 'Political Economy', it was regarded as a branch of statecraft. Kautilya, the great Indian statesman, named his book on statecraft as Arthashastra, the Hindi equivalent of 'Economics'. To the Greeks, Oceonomicus was the science of household management.
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