Economic Thought in Modern China: Market and Consumption, c.1500-1937

Economic Thought in Modern China: Market and Consumption, c.1500-1937

Files

Description

In this major new study, Margherita Zanasi argues that basic notions of a free market economy emerged in China a century and half earlier than in Europe. In response to the commercial revolutions of the late 1500s, Chinese intellectuals and officials called for the end of state intervention in the market, recognizing its power to self-regulate. They also noted the elasticity of domestic demand and production, arguing in favour of ending long-standing rules against luxury consumption, an idea that emerged in Europe in the late seventeenth and early nineteenth centuries. Zanasi challenges Eurocentric theories of economic modernization as well as the assumption that European Enlightenment thought was unique in its ability to produce innovative economic ideas. She instead establishes a direct connection between observations of local economic conditions and the formulation of new theories, revealing the unexpected flexibility of the Confucian tradition and its accommodation of seemingly unorthodox ideas.

ISBN

9781108752787

Publication Date

2020

Department

Department of History

Publisher

Cambridge University Press

City

Cambridge

Economic Thought in Modern China: Market and Consumption, c.1500-1937

Share

COinS