Login

The Kautilya’s Perspective on Wealth: Artha, Vyartha and Anartha

Kautilya advises, “Wealth has only three ends – it’s either spent on deserving people or things, misspent on undeserving people and things or just rots away and falls into the hands of others (deserving or undeserving).” Stagnant wealth is of no utility.

This article by U. Mahesh Prabhu is a part of “The Kautilya Project”

If you want to know about the importance of wealth, ask a pauper; if you want to know the pains of wealth, ask a billionaire. “It’s a pain to earn wealth, causes stress to retain it, and leads to catastrophe when you lose it. Wealth is a sum of pain and gain,” said revered king-turned-hermit, Bhartrihari. True wealth, like all material things, has its own pros and cons. There are not many texts which explain the nitty-gritty of wealth as much as Vedic scriptures – Kautilya’s Artha Shastra being foremost.

Many consider currency as wealth. But currency is only a legal bill which is worth only in exchange. Besides, it has its own geographical limitations. Conventional currencies like dollar, pound sterling, rupees, yen etc can be exchanged only in set geographical areas. Crypto-currencies like Bitcoin – that which is valued much greater than US dollar – is mostly useful in online transactions. Currency is nomination of wealth – not wealth itself.

Many consider currency as wealth. But currency is only a legal bill which is worth only in exchange. Besides, it has its own geographical limitations. Conventional currencies like the dollar, pound sterling, rupees, yen, etc can be exchanged only in set geographical areas. Crypto-currencies like Bitcoin – that which is valued much greater than the US dollar – are mostly useful in online transactions. Currency is the nomination of wealth – not wealth itself.

So, what is wealth? Wealth is defined, in modern English, as “an abundance of valuable possessions or money” or “a plentiful supply of a particularly desirable thing.” The father of capitalism, Adam Smith, in his book The Wealth of Nations, described wealth as “the annual produce of the land and labor of society”. This “produce” is “that which satisfies human needs and wants of utility.” In popular usage, wealth is understood as an abundance of items of transactional value.

Wealth is defined, in modern English, as “an abundance of valuable possessions or money” or “a plentiful supply of a particular desirable thing.” The father of capitalism, Adam Smith, in his book The Wealth of Nations, described wealth as “the annual produce of the land and labour of society”. This “produce” is “that which satisfies human needs and wants of utility.” In popular usage, wealth is understood as an abundance of items of transactional value.

Kautilya, also known as Chanakya, had a great understanding of wealth. He often termed it Artha. In the Artha Sutras, he suggests “Artha is the root of happiness.” Kautilya’s Artha is not just currency, but also material property and, most importantly, knowledge. “No wealth is greater than the wealth of knowledge,” he argues in his Neeti. That’s because “Knowledge explains our being as well as that which is in our possession (resources) and enables us to use those resources to get that which we want (wealth).”

You must log in to read the rest of this article. You can also REGISTER FOR FREE if you do not have a login.

  

6 responses on "The Kautilya's Perspective on Wealth: Artha, Vyartha and Anartha"

  1. Nice article. It is application of data or information gathered over the years for collective usability. Principles of application is explained under dharma.
    Everything required for a sorted out life is already given…we just need to pick the book.

  2. Absolutely Brilliant explanation of Life Truths.History repeats itself because no one learns from the past;
    Chanakya was and is a Great Acharya totally dispassionate in his life and his Wisdom is sharp and striking

  3. Good article. I liked it.

  4. The Demonetisation in India can also be considered as a step to clear up Anartha in favour of Artha!

Leave a Message


BESTSELLING ONLINE COURSE


FUNDAMENTALS OF KOOTANEETI WITH U. MAHESH PRABHU

KOOTANEETI is an ancient Vedic art and science of advanced problem solving at an individual as well as institutional level. It is subtle, time-tested, counter-offensive tool that provides remarkable assistance in neutralizing your adversaries no matter how strong, potent or severe. In this interactive online course conducted by U. Mahesh Prabhu you will have an unique opportunity to learn this long lost art in way that is relevant to prevailing times and circumstances. ENROLL NOW >>


KAUTILYA LEADERSHIP PROGRAM (FOUNDATION COURSE)

an online course designed to empower individuals aspiring/retaining/succeeding in the position of leadership while understanding the clear and present practical challenges vis-a-vis time-tested timeless knowledge and wisdom on leadership propounded by Kautilya a.k.a. Chanakya. REGISTER NOW >>


LATEST BOOKS >>


RISHI TALES 2: 21 Ancient Sanskrit Tales Translated & Retold by U. Mahesh Prabhu | Author U. Mahesh Prabhu | Foreword by Dr. David Frawley ~ Available on Amazon.COM 


KAUTILYA: UNDERSTANDING THE COLOSSAL GENIUS (Volume 1) | Author: U. Mahesh Prabhu  – Available on Amazon.com



SPECIAL EDITIONS  >>


ESSENTIALS OF VEDIC WISDOM FOR BLISSFUL LIVING  ~ ANNIVERSARY EDITION| Author: U. Mahesh Prabhu | Foreword Dr. David Frawley ~ Available on Amazon.COM


CHANKYA KAUTILYA: UNDERSTANDING THE COLOSSAL GENIUS ~ ANNIVERSARY EDITION | Author: U. Mahesh Prabhu  – Available on Amazon.com


BEST-SELLING BOOKS >>


RISHI TALES 1: 21 Ancient Vedic Sanskrit Tales Translated & Retold by U. Mahesh Prabhu | Author: U. Mahesh Prabhu | Foreword by Dr. David Frawley ~ Available at Amazon.COM 


ESSENTIALS OF VEDIC WISDOM FOR BLISSFUL LIVING | Author: U. Mahesh Prabhu | Foreword Dr. David Frawley ~ Available on Amazon.COM


TIMELESS TALES OF A WISE SAGE: VISHNU SHARMA’S PANCHATANTRA RETOLD | Author: U Mahesh Prabhu | Illustrations: Shantheri Bhat ~ Available on Amazon.COM 


top
Copyright © Vedic Management Center 2017 | All Rights Reserved
X