Discuss the contemporary ideas on ancient Indian economic history. Did these ideas suggest pattern of growth or stagnation of ancient Indian economy?

The study of ancient Indian economic history goes back to the middle of the nineteenth century, when Christian Lassen devoted fairly long chapters to industry and commerce in his Indische Alterthumskunde, published in four volumes between 1847 and 1861.

His monumental history of India down to the fall of Vijayanagara emphasized political history, the economic sections occupying a subsidiary place. He was followed by Richard Fick who dealt primarily with the social or caste relationships prevalent in north-eastern India in the age of the Buddha and described occupations and trade guilds in about eighty pages.

Fick’s work was entirely based on the Buddhist birth stories, which __________ _____ ________ ___ _____ __________ _________ _________ ___ ______.
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