Download A Concise History Of Chinese Economic Thought by Hu Ji Chuang PDF

By Hu Ji Chuang

The book's illuminating proof and profound research show the noteworthy achievements in old China'seconomic idea, giving it its due within the heritage of worldwide monetary inspiration.

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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. Shan Oi's argument runs: "In antiquity, when natural disasters fell, a monetary measure would be taken to balance off the 'lighe and 'heavy' coins in circulation for the relief of the people.

However, the fertility grade of the land assigned to a given region did not necessarily correspond to the legally prescribed tax rate. In order to explain why the tax rate might be higher or lower than the fertility grade, we need to explain the system of tribute. The tributes to be presented to the royal court by every region were specifically named. The tribute from such and such a region 17 A CONCISE HISTORY OF CHINESE ECONOMIC THOUGHT had to consist of gold, salt, silk, wood, pearls, foxes, or big tortoises in specific quantities.

16 This would raise the technical level of work of that profession. "7 This would promote the production and circulation of commodities. " 6 Ibid. 7 Ibid. 23 A CONCISE HISTORY OF CHINESE ECONOMIC THOUGHT people feel contented with their own trade, and so bring about a steady supply of occupational labour power. (d) Once an atmosphere of specialization was created, a favourable social environment for technical education would come into existence. At the same time, a favourable condition for the reproduction of labour power of the same trade would take shape.

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