Examining Social and Economic Dynamics: A Comparative Analysis of Varna and Ashrama Systems in Ancient India and Adam Smith’s Division of Labor
DOI:
https://doi.org/10.33423/jlae.v21i4.7416Keywords:
leadership, accountability, ethics, division of labor, Varna and Ashrama systems, ancient IndiaAbstract
This research paper presents a comparative analysis of social and economic dynamics, focusing on the Varna and Ashrama systems in ancient India and Adam Smith’s theory of the division of labor. Delving into the principles of the ancient Indian systems, namely Varna and Ashrama, the study examines their influence on social structures, labor allocation, and economic roles. Simultaneously, it explores Adam Smith’s influential theory on the division of labor during the Enlightenment era, emphasizing its conceptualization and implications for economic development. By comparing these distinct frameworks, the research seeks to unveil commonalities, disparities, and the enduring impact of these historical systems on societal organization, economic efficiency, and individual contributions. Employing a multidisciplinary approach, the paper contributes to a nuanced understanding of the historical roots of economic philosophies and their implications for social and economic dynamics.
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