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Index
A
Ability to pay principle 197, 204 Accounting methods 87, 96, 205, 333
Accountability 129, 158, 193 Action-oriented approach 100, 108, 111
Absolute risk aversion 303 Agent-type 175, 195
All other things being equal 34, 53, 330
Ambiguity 48, 103, 238
Asymmetric information 61, 152, 161, 172, 289, 333
Agency problem 6, 195, 332 Artha 11, 48, 51, 58, 60, 63, 97, 105, 121, 131, 179, 181, 184, 245, 329
Auditing 87, 96, 110, 112, 157, 176, 186
Axiomatic approach 69
Axiom of comparison 68
Axiom of consistency 69
B
Backward bending supply curve 309
Backward induction 61, 99, 101, 322
Backward-looking 273
Benefit principle 197, 204, 262 Benevolent man 14, 111
Birth-death-rebirth cycle 102, 114, 134
Bookkeeping 86, 155
Bounded rationality 61, 157, 161-164, 329
Budgeting 86
Buffer stock 80, 215, 227
C
Calamities 5, 60, 87, 121, 187, 222, 254, 321
Capital account 197, 212
Cardinal approach 68
Cartelisation 150
Character-building 105, 121 Choice-influencing 70
Chronological priority 46
Civic virtues 206
Classics 39
Cobb-douglas technology 179 Cognitive constraint 162
Cognitive division of labour 157 Collective property 260
Commercial man 14, 41, 111 Common property 258, 261 Comparative advantage 13, 230 Comparative risk assessment analysis 216
Concessionary loans 128
Conflict of interest 157, 335 Constrained maximization 54, 63, 104, 163
Contingency planning 55
Contractarian 123
Contractual theory 252
Corrective justice, 268, 288 Cost-benefit analysis 59, 263, 313
Corrective taxes 150
Covariance 92
Credibility problem 314
Crowding-in 184
Crowd-out 334
Crowding-out 184, 271, 334 Current account 197, 212
D
Data management 162
Deadweight loss 5, 25, 38, 199, 202, 300
Deductive 335
Deep determinant 12, 125, 132, 141, 332
Demand curve 80, 83
Demand instability 85
Demand-supply apparatus 79,85 Dharma-based 111
Diminishing returns 7, 75, 331 Discounting 56, 85, 330
Disruptions 5, 200, 203
Distortions 199
Diversification 49, 229, 302, 309, 333
Double-entry bookkeeping 86, 96
Dupuit-laffer-curve 7, 62, 97, 213
Duty free imports 128
E
Economic analysis 7, 10, 66, 117,
161, 219, 251, 335
Economic growth 12, 27, 62, 87, 124, 216, 221, 222, 236, 279, 329, 331
Economies of scale 229
Economic surplus 92, 141 Economic thought 32, 87, 232, 328
Efficiency frontier 189, 300 Efficiency wages 62, 138, 176, 332
Endogenous 51, 122, 229, 332 Engineering approach 13, 65 Enlightened self-interest 117, 137, 330
Equity-efficiency trade-off 201 Eternal bliss 101, 134
Ethical content 13, 32, 120 Ethical environment 12, 100, 134, 175, 245, 334
Ethical grounding 103
Ethics-based 97, 111, 334 Ethics-intensive 144
Exogenous 51, 92, 139, 231 Explanation and prediction 62, 89, 96, 173
Extensive game 321
Externalities 62, 150, 273, 331 Extrinsic motivation, 13, 14, 80, 123, 138, 141, 183, 184, 195, 266, 318, 330, 334
Factors of production 7, 71, 129, 209
False accounting 90, 156
Feasibility frontier 68-300 Financial rules and regulations 88, 155
Fiscal federalism 205
Food-for-work programmes 219 Forward-looking 70, 273 Freedom from fear 15, 233, 291 Freedom from want 14, 97, 232, 291
Foundational 99
Functional classification 197
G
Game-theoretic 313
General-purpose technology (GPT) 92, 96, 333
Government failure 12, 143, 159, 237
Good governance 12, 100, 125, 127, 157, 260
H
Hidden actions 151
Hidden information 152
Hierarchical 51, 185, 317
Hindsight 36
Hindu civilization 12, 63, 130, 329, 332
Hindu growth rate 12
Historical reconstruction 35, 36 Human capital 129, 131, 231, 269
Human security 4
I
Illiquidity 82
Impartial judicial system 1, 5 Imperial 33
Import-substituting 13
Income possibility frontier 136 Income-shifting 206
Income statements 88
Income tax 197, 213, 331 Indifference curves 67, 70, 122, 273
Inductive 330
Information-based 145, 151 Information management 162 Information revolution 67,161,169 Inquisition 59
Internalization 104
Inter-dependent 33, 43
Inter-disciplinary matrix 58 Inter-temporal 34, 56
Intrinsic motivation 138
Invariance hypothesis 298, 333 Isocost curve 179, 184
Isoquants 67, 78
Kautilya’s tax system 207
Knowledge-based 296
Knowledge-intensity 163
Knowledge management 162, 335
L
Labour-augmenting 78
Labour theory of property 233, 251, 260, 266
Labour theory of value 265 Law of the jungle 148, 198, 245 Legalistic approach 100,108,250 Legal error 239, 240, 332
Leisure-seeking 188
Lex tallionis 283
Linear income tax 197, 204, 331 Liquidity 82, 324, 330
Lockean first occupancy
theory 251
Locus classicus 36
Logic-based 13
Loss-aversion hypothesis 292, 299
Lumpsum tax 198, 201
J
Judicial fairness 5, 137, 237, 239 Justice 235 K
Kama 51, 60, 105, 179, 184, 203, 245
Kautilya-curve 62, 210
Kautilya disaster relief action plan 219
M
Matching incentive 181 Macroeconomics 45
Malfeasance 286
Malpractice 22, 269, 281 Marginal analysis 47, 53, 63 Marginalism 330
Marketed surplus 284
Material health 11, 184 Material incentives 12, 141, 174, 195, 334
Material prosperity 32
Materialism 23, 183
Mean-variance approach 303 Mercantilism 12, 231
Mercantilist 39, 41, 87, 92, 227 Microeconomics 33, 42
Missing markets 152, 229, 242 Model specification 139
Moksha 105, 184
Monopoly 25, 38, 62, 71, 144, 177, 256, 331
Monopsony 25, 62, 148, 331 Moral anchoring 5
Moral capital 102, 105
Moral content 13
Moral degradation 103
Moral desert 103
Moral dilemma 147
Moral duty 113, 142, 222, 257 Moral fabric 272
Moral failure 14, 144, 156 Moral hazard 62, 145, 192, 330 Moral incentive 126, 175, 190, 278 Moral motivation 14, 141, 183, 184, 195, 266, 334
Moralistic approach 100, 108
N
Nation-building 62
National income accounts 87, 92 National security 28, 63, 72, 73, 119, 227, 289
Negligence-based 270, 278 Non-cooperative game 207 Nonfeasance 286
O
Optimal tax 207
Organizational design 108, 144, 159, 334
Organizational man 157
Opportunity cost 166, 265, 282, 325, 329
Optimization 34, 46, 54, 62, 77, 82, 272-325
Ordinal preferences 67, 68
P
Paradigm shift 21, 89, 169 Pareto efficient contract curve 225 Pareto static efficiency criterion 278 Partial equilibrium approach 33, 50, 63
Perceived probability 247
Periodic accounting 86, 88 Penalty-penance mix 268
Physiocrat 39, 92
Possibility frontier 68, 73, 153 Pragmatic approach 144
Principles of taxation 196, 199 Principal-agent problem 12, 49, 175, 195, 237, 332
Private marginal cost 150, 262 Private property rights 5, 124, 159, 201, 251, 260, 331
Probability distribution 243, 299
Producer surplus 62, 197, 208, 211, 329
Public goods 38, 62, 148, 209, 289, 292
R
Rational fool 126
Rational reconstruction 35, 43, 67, 181, 329
Record keeping 86, 95
Regression model 91
Relative asset hypothesis 292, 297 Relative power equation 292, 295
Relative risk-aversion 303
Rent-seeking 145, 328, 332 Restraints 104, 128
Restitutio in integrum 280 Retrospection 37
Revenue-yielding capacity 6, 95, 210
Risk-aversion 188, 303, 333 Risk management 217
Risk premium 7, 132, 255, 333 Risk-return trade-off 132, 303, 333
Risk-taking 62, 106, 176, 333 Rule of law 5, 62, 236, 332 Rules versus discretion 246
S
Safety net 118, 196, 203 Science of man 61
Second generation 12, 63 Secular law 267, 287 Self-centeredness 145
Self-improvement 102
Self-insurance 220
Separation theorem 300
Sexual harassment 111, 145, 180, 331
Sharecropping 176, 193, 194 Shirking 176, 188
Silver rule 283, 100
Social marginal cost 150, 261 Social thorns 14, 233
Sources of economic growth 12, 61, 125, 129, 142, 331
Spiritual health 11, 184
Spiritual law 267
Sovereign immunity 286
Statistical methods 10,91,240,333 Substitution effect 199
Substitution possibilities 77, 85 Suo motu 248
Supply curve 67, 83, 309
System-building 47, 62, 102, 104, 274
T
Taxation power 6, 210
Tax holidays 128
Tax shifting 6, 210
Technique-based 32
Tort liabilities 268
Tragedy of anti-commons 260 Tragedy of commons 260 Theory of the gains from trade 226, 231
Theoretical skeleton 63
Thinking machines 181
Time inconsistency problem 62, 289, 312
Transaction costs 82, 132, 158, 253, 274
Transparency 193
Type I error 237, 248
Type II error 237, 244
Veil of ignorance 252
&nb
sp; Virtues 4, 62, 101, 206, 329 Virtuous cycle 142
W
Water-diamond paradox 82, 330 Welfarism 123
Wisdom-based management 162, 165, 166
V
Value added 95, 283 Value-neutral 181 Z
Zero-sum game 299
Kautilya- the True Founder of Economics Page 46
