A Concise History Of Chinese Economic Thought - download pdf or read online

By Hu Ji Chuang

ISBN-10: 7119057553

ISBN-13: 9787119057552

The book's illuminating evidence and profound research demonstrate the noteworthy achievements in old China'seconomic idea, giving it its due within the background of worldwide financial proposal.

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The same was true for the peasants, artisans and tradesmen. ''5 Consequently, the same occupation would pass from generation to generation, and the specific relations of production that were necessary for the maintenance of feudalism would be insured. Finally, besides the stratum of shi, the peasants, artisans and tradesmen were in fact the hands engaged in three vital spheres of the national economy. Therefore, there are certain economic meanings particular to the conception of having their residences concentrated in certain districts.

Translated literally, it means a mutual balance between the "mother" and the "son" coins. 9 But it was through Shan Qi that the theory received full elaboration. Feudal kings and princes, whether in the European Middle Ages or in ancient China, usually hankered for the debasement of money in order to satisfy their insatiable greed. ) was going to mint and circulate a kind of big copper coin in place of the small one already in circulation. This of course meant plundering the wealth of the people, so it aroused the objection of Shan Qi, a high minister of the government.

In order to realize such a price system, Fan Li was disinclined to appeal directly to the compulsory power of the feudal governments, which many other ancient thinkers advocated. He preferred an economic measure to achieve that end. That is, he thought the government should participate in grain trade not for profit-making but for stabilizing undue fluctuations in prices. Whenever the market price of grain was too high, the government should pour into the market grains at a price lower than the prevailing one, or buy up grains at a higher price whenever the price of grains was too low.

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A Concise History Of Chinese Economic Thought by Hu Ji Chuang

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