
Division of Economics, Commerce and Management
The Division of Vedic Foundations of Economics, Commerce, and Management is dedicated to the comprehensive exploration, preservation, and reinterpretation of the economic, commercial, and management principles articulated in the Vedic corpus. This includes a rigorous study of the Saṃhitās, Smṛtis (Dharmaśāstras) Kauṭalya's Arthaśāstra and other relevant texts all of which encapsulate the theoretical, practical, ethical, and organizational dimensions of the Vedic approach to wealth creation, trade, shared prosperity and governance.
The Division aims to:
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Examine the economic and commercial structures (artha-samūha) encoded in the Vedic texts, including agriculture, trade networks, resource management, and fiscal policies.
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Analyze Upavedic domains (Arthashastra) in connection with their Vedic roots and practical manifestations in economic development and management practices.
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Investigate and restore the classical dharma theory (ethical foundations of economics) as expounded by systems like Nyāya, Mīmāṃsā, Vedānta, Smṛtis (Dharmaśāstras) and Kauṭalya's Arthaśāstra including sustainability, equity, ethics, governance, and responsibility.
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Explore Vedic management and leadership (nītiśāstra, dharma, and rajadharma) to build dialogue with modern business administration and organizational behavior.
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Encourage comparative studies of Vedic economics and contemporary economic models in both Indian and global contexts.
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Support philological, hermeneutic, and historical research that connects Vedic economic principles with modern applications in finance, entrepreneurship, policy-making, and sustainable development.
By bridging textual tradition with analytical approaches, the division seeks to reaffirm the rational, ethical, and spiritually-grounded foundations of the Vedic heritage in economics, commerce and management, ensuring its relevance for contemporary academic, cultural, and practical discourse.