Prof. B. Mahadevan extols ArthaShastra by Kautilya as a timeless masterpiece renowned for its comprehensive insights into governance and statecraft. He talks about the rediscovery of ArthaShastra in the year 1920 and its treatise on Raj Dharma, elucidating its principles of righteous governance. The talk continues by exploring the 7 elements of the state and the detailed mechanisms for governance. The discussion further explores ArthaShastra's insights into public administration, delegation, addressing efficient task allocation, handling of the treasury, the taxation system, the rule of law and wellbeing of citizens. Throughout, the talk underscores the enduring relevance of ArthaShastra's principles to modern governance and organizational structures, concluding with a reflection on its continued importance in contemporary contexts.

About the Speaker:
Professor B. Mahadevan is a highly respected professor of Operations Management at the IIM Bangalore, where he has been teaching since 1992. Over his career of more than 27 years, he has gained extensive experience in teaching, research, consulting, and academic administration at prestigious institutions such as IIM Bangalore, IIT Delhi, and XLRI Jamshedpur. He has also held roles as a visiting scholar at Dartmouth College's Amos Tuck School of Business and as a consultant with Deloitte Consulting LLP in the USA. Professor Mahadevan's research interests are quite diverse. He explores the application of ancient Indian wisdom to address contemporary issues, investigates spirituality in the workplace, and studies management principles drawn from the Bhagavad Gita. In the field of traditional management, his research focuses on designing service systems that facilitate customer cocreation of value and addressing order allocation challenges in electronic markets. In addition to his academic pursuits, Professor Mahadevan played a pivotal role as the founding Vicechancellor of Chinmaya Vishwavidyapeeth, a university dedicated to applied Sanskrit and Indian Wisdom, from 2016 to 2018.

Topics Covered:
00:00 The Wisdom in ArthaShastra
01:14 ArthaShastra – A Masterpiece
02:50 Rediscovery of ArthaShastra
04:01 A Treatise on RajDharma
07:18 ArthaShastra and Governance Mechanism
09:03 Seven Elements of a State
14:09 Public Administration and Delegation
19:22 Kosha – The Treasury and Taxation
25:18 Other Topics in ArthaShastra
26:28 Elements of State – Modern Business Organisation
32:01 Territorial Expansion Framework
35:58 Relevance of ArthaShastra Today

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