Life in Ancient India as Depicted in the Jain Canons, with Commentaries: An Administrative, Economic, Social and Geographical Survey c9.s1.3
Life in Ancient India as Depicted in the Jain Canons, with Commentaries: An Administrative, Economic, Social and Geographical Survey c9.s1.3
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c9.s1.3
The state took away a pretty heavy share of the national wealth in the form of taxes, fines etc. and the state capital was not invested for purpose of industrial development¹ The only people who possessed capital were a few rich tradesmen, the *dhanavantas*, who owned one crore of silver, gems, pearls, corals and jewels inherited from their father and forefathers, and the *ibhas*² These people also either spent their surplus on luxuries and unproductive purposes like alms-giving or hoarded the wealth³