Literature and Economics-Connections and Leverages

The paper studied the relationship between Literature and Economics with a view to identify connections and leverages. By extensive literature survey, the study highlighted the potentials and possibilities of using literature by economics teachers and students and vice-versa. The evolution of literature, the various movements and trends in history of literature, rise and decline of particular genre can be interpreted in terms of changes in material conditions, and consequent changes in economic structures and economic relations. On the other hand literature can be used as source of information to study the material conditions, economic structures and economic relations of a society at a particular time. The paper provided some of the studies identifying different aspects of economics and its linkages with the field of literature and literary criticism. It reveals a lot of potential to use literature for not only explaining, understanding teaching and learning economics but also expanding and readjusting paradigmatic boundaries of economics by absorbing the not so quantitative human parameters that are more tangible than the quantitative and quantifiable abstractions.