Abstract

The Greek philosopher Father of History Herodotus realized the value of studying the past as not how it happened but what happened. It is also a critical analysis that shows the human development; a phenomenon that changes rapidly and a methodical study that helps to acquire knowledge. The strategies implied by Sri Lankan aristocrats who lived in the ancient society to maintain their existence safely and in a balance manner, is the philosophy and all the Victories and Failures are involved in the Present! Moreover, both the ordinary vendor and the Mayor or Tax Collectors were advised wisely by the Kings, legitimate heir and clergy to do the needful. You can obtain some experience by looking into the ancestral methods they practiced in trade and economy which are similar to the present situation. As trade becomes strong against new challenges and when the immunity is created through society the historical heritage and perception become the same. Therefore, it is essential to study their nature of the contribution to render services to trade and economy, which has been complied, based on that standpoint. This strengthens minds for criticizing the everlasting conversation of past to present trade and economy and opens gateways to other activities as well. Whilst studying, a person is well disciplined, improves his own ability, learns human ideologies other than their own ways, gains access to inter relationships and most importantly distinguish associate!

Keywords: ancient economic system, trade, modern economic system, Feudal System.

JEL Classification: P00, P4, F1.

Cite as: Jayasundera M. (2017). Ancient Sri Lankan Economic Systems. Financial Markets, Institutions and Risks, 1(4), 24-27. DOI: 10.21272/fmir.1(4).24-27.2017

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