The Rise and Fall of a Public Debt Market in 16th-Century China

The Rise and Fall of a Public Debt Market in 16th-Century China

Author: Wing-kin Puk

Publisher: BRILL

Published: 2015-11-16

Total Pages: 210

ISBN-13: 9004306404

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During the Ming dynasty (1368-1644), the government invited merchants to deliver grain in return for salt certificates with which merchants drew salt as reward. The salt certificate therefore represented a national debt, denominated in salt, the government thereby owed merchants. A speculative market of salt certificates was created in Yangzhou and brought into being powerful financiers in the early 17th century. The government, financially hard pressed, abolished the speculative market of salt certificates by franchising these financiers in return for their hereditary obligation to pay salt certificate surcharge. China was therefore deprived of a possibility to develop a public debt market. This story is a testimony to Fernand Braudel’s argument of the "nondevelopment" of Capitalism in China.


Book Synopsis The Rise and Fall of a Public Debt Market in 16th-Century China by : Wing-kin Puk

Download or read book The Rise and Fall of a Public Debt Market in 16th-Century China written by Wing-kin Puk and published by BRILL. This book was released on 2015-11-16 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the Ming dynasty (1368-1644), the government invited merchants to deliver grain in return for salt certificates with which merchants drew salt as reward. The salt certificate therefore represented a national debt, denominated in salt, the government thereby owed merchants. A speculative market of salt certificates was created in Yangzhou and brought into being powerful financiers in the early 17th century. The government, financially hard pressed, abolished the speculative market of salt certificates by franchising these financiers in return for their hereditary obligation to pay salt certificate surcharge. China was therefore deprived of a possibility to develop a public debt market. This story is a testimony to Fernand Braudel’s argument of the "nondevelopment" of Capitalism in China.


What’s Left of Marxism

What’s Left of Marxism

Author: Benjamin Zachariah

Publisher: Walter de Gruyter GmbH & Co KG

Published: 2020-09-21

Total Pages: 309

ISBN-13: 3110677792

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This series seeks to focus on the politics inherent in historical thinking, professional and non-professional, promoted by states, political organisations, 'nationalities' or interest groups, and to explore the links between political (re-)education, historiography and mobilisation or identity formation.


Book Synopsis What’s Left of Marxism by : Benjamin Zachariah

Download or read book What’s Left of Marxism written by Benjamin Zachariah and published by Walter de Gruyter GmbH & Co KG. This book was released on 2020-09-21 with total page 309 pages. Available in PDF, EPUB and Kindle. Book excerpt: This series seeks to focus on the politics inherent in historical thinking, professional and non-professional, promoted by states, political organisations, 'nationalities' or interest groups, and to explore the links between political (re-)education, historiography and mobilisation or identity formation.


Demystifying China’s Stock Market

Demystifying China’s Stock Market

Author: Eric Girardin

Publisher: Springer Nature

Published: 2019-09-13

Total Pages: 125

ISBN-13: 303017123X

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Mainstream research has rationalized China’s stock market on the basis of paradigms such as the institutional approach, the efficient market hypothesis, and corporate valuation principles. The deviations from such paradigms have been analyzed as puzzles of China’s stock market. Girardin and Liu explore to what extent, in the perspective of Chinese cultural and historical characteristics, far from being puzzles, these 'deviations’ are rather the symptoms of a consistent strategy for the design, development and regulation of a government-dominated financial system. This book will help investors, observers and researchers understand the hidden logic of the design and functioning of China’s modern stock market, taking a political economy view.


Book Synopsis Demystifying China’s Stock Market by : Eric Girardin

Download or read book Demystifying China’s Stock Market written by Eric Girardin and published by Springer Nature. This book was released on 2019-09-13 with total page 125 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mainstream research has rationalized China’s stock market on the basis of paradigms such as the institutional approach, the efficient market hypothesis, and corporate valuation principles. The deviations from such paradigms have been analyzed as puzzles of China’s stock market. Girardin and Liu explore to what extent, in the perspective of Chinese cultural and historical characteristics, far from being puzzles, these 'deviations’ are rather the symptoms of a consistent strategy for the design, development and regulation of a government-dominated financial system. This book will help investors, observers and researchers understand the hidden logic of the design and functioning of China’s modern stock market, taking a political economy view.


Elusive Capital

Elusive Capital

Author: Gipouloux, François

Publisher: Edward Elgar Publishing

Published: 2022-06-09

Total Pages: 328

ISBN-13: 1800889909

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Offering a fresh analysis of late imperial China, this cutting-edge book revisits the roles played by merchant networks, economic institutions, and business practices in the divergence between Europe and China during the trade revolution.


Book Synopsis Elusive Capital by : Gipouloux, François

Download or read book Elusive Capital written by Gipouloux, François and published by Edward Elgar Publishing. This book was released on 2022-06-09 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Offering a fresh analysis of late imperial China, this cutting-edge book revisits the roles played by merchant networks, economic institutions, and business practices in the divergence between Europe and China during the trade revolution.


Merchant Cultures

Merchant Cultures

Author:

Publisher: BRILL

Published: 2022-01-31

Total Pages: 372

ISBN-13: 9004506578

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The way merchants trade, think about business and represent commerce in art forms define merchant culture. The world between 1500 and 1800 encompassed different merchant cultures that stood alone and in contact with others. Culture, power relations and institutions framed similarities and differences and outlined the global outcome of these exchanges.


Book Synopsis Merchant Cultures by :

Download or read book Merchant Cultures written by and published by BRILL. This book was released on 2022-01-31 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: The way merchants trade, think about business and represent commerce in art forms define merchant culture. The world between 1500 and 1800 encompassed different merchant cultures that stood alone and in contact with others. Culture, power relations and institutions framed similarities and differences and outlined the global outcome of these exchanges.


An East Asian Challenge to Western Neoliberalism

An East Asian Challenge to Western Neoliberalism

Author: Niv Horesh

Publisher: Routledge

Published: 2017-08-03

Total Pages: 278

ISBN-13: 131740498X

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Analysts generally agree that, in the long term, the biggest challenge to American hegemony is not military, but rather China’s economic rise. This perception is spread in no small measure because Xi Jinping has – in the face of patent military inferiority – conducted himself much more boldly on the world stage than Hu Jintao. Meanwhile, China has also begun conjuring up an alternative vision for global leadership, now widely termed as the ‘China model’. This book therefore offers a critical and comprehensive explanation of the China model and its origins. Using a range of case studies, covering varying historical and geographical approaches, it debates whether the Chinese experience in the last three decades of economic reform should be interpreted as an answer to the reigning hegemony of neoliberalism, or rather a further reinforcement of it. To answer these questions, it provides an investigation into what China may have learned from its East Asian neighbours’ earlier economic successes. It also examines how it is responding to and might even reconfigure the world political-economic system as it develops fresh and potentially more powerful regulatory capacities. Providing a multi-dimensional analysis of the ‘China model’, the book will be of interest to students and scholars of Chinese Economics, Economic Geography and Chinese Studies.


Book Synopsis An East Asian Challenge to Western Neoliberalism by : Niv Horesh

Download or read book An East Asian Challenge to Western Neoliberalism written by Niv Horesh and published by Routledge. This book was released on 2017-08-03 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analysts generally agree that, in the long term, the biggest challenge to American hegemony is not military, but rather China’s economic rise. This perception is spread in no small measure because Xi Jinping has – in the face of patent military inferiority – conducted himself much more boldly on the world stage than Hu Jintao. Meanwhile, China has also begun conjuring up an alternative vision for global leadership, now widely termed as the ‘China model’. This book therefore offers a critical and comprehensive explanation of the China model and its origins. Using a range of case studies, covering varying historical and geographical approaches, it debates whether the Chinese experience in the last three decades of economic reform should be interpreted as an answer to the reigning hegemony of neoliberalism, or rather a further reinforcement of it. To answer these questions, it provides an investigation into what China may have learned from its East Asian neighbours’ earlier economic successes. It also examines how it is responding to and might even reconfigure the world political-economic system as it develops fresh and potentially more powerful regulatory capacities. Providing a multi-dimensional analysis of the ‘China model’, the book will be of interest to students and scholars of Chinese Economics, Economic Geography and Chinese Studies.


The Ming World

The Ming World

Author: Kenneth M Swope

Publisher: Routledge

Published: 2019-08-08

Total Pages: 845

ISBN-13: 1000134660

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The Ming World draws together scholars from all over the world to bring China’s Ming Dynasty (1368-1662) to life, exploring recent scholarly trends and academic debates that highlight the dynamism of the Ming and its key place in the early modern world. The book is designed to replicate the structure of popular Ming-era unofficial histories that gathered information and gossip from a wide variety of fields and disciplines. Engaging with a broad array of primary and secondary sources, the authors build upon earlier scholarship while extending the field to embrace new theories, methodologies, and interpretive frameworks. It is divided into five thematically linked sections: Institutions, Ideas, Identities, Individuals, and Interactions. Unique in its breadth and scope, The Ming World is essential reading for scholars and postgraduates of early modern China, the history of East Asia and anyone interested in gaining a broader picture of the colorful Ming world and its inhabitants.


Book Synopsis The Ming World by : Kenneth M Swope

Download or read book The Ming World written by Kenneth M Swope and published by Routledge. This book was released on 2019-08-08 with total page 845 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Ming World draws together scholars from all over the world to bring China’s Ming Dynasty (1368-1662) to life, exploring recent scholarly trends and academic debates that highlight the dynamism of the Ming and its key place in the early modern world. The book is designed to replicate the structure of popular Ming-era unofficial histories that gathered information and gossip from a wide variety of fields and disciplines. Engaging with a broad array of primary and secondary sources, the authors build upon earlier scholarship while extending the field to embrace new theories, methodologies, and interpretive frameworks. It is divided into five thematically linked sections: Institutions, Ideas, Identities, Individuals, and Interactions. Unique in its breadth and scope, The Ming World is essential reading for scholars and postgraduates of early modern China, the history of East Asia and anyone interested in gaining a broader picture of the colorful Ming world and its inhabitants.


The Art of Being Governed

The Art of Being Governed

Author: Michael Szonyi

Publisher: Princeton University Press

Published: 2019-08-27

Total Pages: 323

ISBN-13: 0691197245

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One of Choice Reviews' Outstanding Academic Titles of 2018--an innovative look at how families in Ming dynasty China negotiated military and political obligations to the state.tate.


Book Synopsis The Art of Being Governed by : Michael Szonyi

Download or read book The Art of Being Governed written by Michael Szonyi and published by Princeton University Press. This book was released on 2019-08-27 with total page 323 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of Choice Reviews' Outstanding Academic Titles of 2018--an innovative look at how families in Ming dynasty China negotiated military and political obligations to the state.tate.


The Making of a New Rural Order in South China: Volume 2, Merchants, Markets, and Lineages, 1500–1700

The Making of a New Rural Order in South China: Volume 2, Merchants, Markets, and Lineages, 1500–1700

Author: Joseph P. McDermott

Publisher: Cambridge University Press

Published: 2020-07-02

Total Pages: 481

ISBN-13: 1108850650

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This volume is written for anyone who has wondered about the growth of Chinese businesses and their relation to Chinese family and government institutions. Making full use of its partner volume's findings on village institutions in the southern prefecture of Huizhou, this volume explains how late imperial China's key regional group of merchants emerged from this prefecture's village lineages. It identifies the strategies they deployed to overcome the serious obstacles to their domination of major financial transactions and commodity markets throughout much of China from 1500 to 1700. At the same time it describes how the commercial success enjoyed by these 'house firms' undermined their lineages' social stability, making them vulnerable to competition from popular religious cults back home. In recounting how rural and urban institutions interacted through state and economic development, McDermott provides a powerful new framework for understanding late imperial China's distinctive trajectory to social and economic transformation.


Book Synopsis The Making of a New Rural Order in South China: Volume 2, Merchants, Markets, and Lineages, 1500–1700 by : Joseph P. McDermott

Download or read book The Making of a New Rural Order in South China: Volume 2, Merchants, Markets, and Lineages, 1500–1700 written by Joseph P. McDermott and published by Cambridge University Press. This book was released on 2020-07-02 with total page 481 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume is written for anyone who has wondered about the growth of Chinese businesses and their relation to Chinese family and government institutions. Making full use of its partner volume's findings on village institutions in the southern prefecture of Huizhou, this volume explains how late imperial China's key regional group of merchants emerged from this prefecture's village lineages. It identifies the strategies they deployed to overcome the serious obstacles to their domination of major financial transactions and commodity markets throughout much of China from 1500 to 1700. At the same time it describes how the commercial success enjoyed by these 'house firms' undermined their lineages' social stability, making them vulnerable to competition from popular religious cults back home. In recounting how rural and urban institutions interacted through state and economic development, McDermott provides a powerful new framework for understanding late imperial China's distinctive trajectory to social and economic transformation.


The Making of a New Rural Order in South China

The Making of a New Rural Order in South China

Author: Joseph P. McDermott

Publisher: Cambridge University Press

Published: 2020-07-02

Total Pages: 481

ISBN-13: 1107048516

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In examining the key merchant group in late imperial China this book provides a framework for understanding China's path to modernity.


Book Synopsis The Making of a New Rural Order in South China by : Joseph P. McDermott

Download or read book The Making of a New Rural Order in South China written by Joseph P. McDermott and published by Cambridge University Press. This book was released on 2020-07-02 with total page 481 pages. Available in PDF, EPUB and Kindle. Book excerpt: In examining the key merchant group in late imperial China this book provides a framework for understanding China's path to modernity.