345. Dharmic Capitalism

Did Rajaraja Chola, who built the world-renowned Brihadisvara temple in Tanjore, and Suryavarman II of Kambuja Desa (Cambodia), who built the world's largest temple complex, Angkor Wat, erect these enduring marvels with a magic wand? Surely not. How did they nurture prosperity? What were the economic models that enabled them to leave the world awestruck? Sriram Balasubramanian's sequel to the pathbreaking Kautilyanomics answers these questions by examining Common Era empires and kingdoms ranging from the Cholas, Pallavas, Pandyas and Vijayanagara to Southeast Asian kingdoms. Balasubramanian audaciously puts forward a novel, indigenous and sustainable framework called Dharmanomics—a function of Kautilyan Dharmic capitalism, of a Dharmic ecosystem driven by temples and Sreni (corporate guilds) Dharma—that spans thousands of years. It was put into practice much before the likes of Adam Smith and modern economic thinkers. Dharmanomics seeks to present a coherent and structured economic framework based on the idea of Dharma for at least 1500 years. In the session, Sriram Balasubramanian is in conversation with Vikram Bhat. This is an excerpt from a conversation that took place in the BIC premises in November 2024. Subscribe to the BIC Talks Podcast on your favorite podcast app! BIC Talks is available everywhere, including Apple Podcasts, Spotify, Google Podcasts, Castbox, Overcast, Audible, and Amazon Music.