Since the economic liberalization of the 1980s, the Chinese economy has boomed and is poised to become the world's largest market economy, a position traditional China held a millennium ago. William Guanglin Liu's bold and fascinating book is the first to rely on quantitative methods to investigate the early market economy that existed in China, making use of rare market and population data produced by the Song dynasty in the eleventh century. A counterexample comes from the century around 1400 when the early Ming court deliberately turned agrarian society into a command economy system. This radical change not only shrank markets, but also caused a sharp decline in the living standards of common people. Liu's landmark study of the rise and fall of a market economy highlights important issues for contemporary China at both the empirical and theoretical levels.
This book examines the economic and political rise of China from the perspective of Japan’s economic development. Beginning with Japan’s rise to statehood in the Kamakura Period (1185 to 1333) and detailing the evolution of its economy through to 2018, parallels are drawn with the economic development of China. Many of the challenges Japan faced in the first decades of the 20th century, including nationalism, militarism, income disparities, social deprivation, and economic crisis are applicable to modern day China. China’s Economic Rise: Lessons from Japan’s Political Economy aims to detail the possible economic and political upheavals that could accompany the slowing of the Chinese economy from the experience of Japan. The book will be of interest to researchers and students in Political Economy, Economic History, Economic Transition, and Development Economics. The book supplements the other publications of the author: China’s Lessons for India: Volume 1 – The Political Economy of Development, China’s Lessons for India: Volume 2 – The Political Economy of Change and The Rise of Empires: The Political Economy of Innovation.
Focusing on the evolving relations between the state and market in the post-Mao reform era, Yongnian Zheng and Yanjie Huang present a theory of Chinese capitalism by identifying and analyzing three layers of the market system in the contemporary Chinese economy. These are, namely, a free market economy at the bottom, state capitalism at the top, and a middle ground in between. By examining Chinese economic practices against the dominant schools of Western political economy and classical Chinese economic thoughts, the authors set out the analytical framework of 'market in state' to conceptualize the market not as an autonomous self-regulating order but part and parcel of a state-centered order. Zheng and Huang show how state (political) principles are dominant over market (economic) principles in China's economy. As the Chinese economy continues to grow and globalize, its internal balance will likely have a large impact upon economies across the world.
China's rise as the world's second-largest economy surely is the most dramatic development in the global economy since the year 2000. But China's prominence in the global economy is hardly new. Since 500 BCE, a dynamic market economy and the establishment of an enduring imperial state fostered precocious economic growth. Yet Chinese society and government featured distinctive institutions that generated unique patterns of economic development. The six chapters of Part I of this volume trace the forms of livelihood, organization of production and exchange, the role of the state in economic development, the evolution of market institutions, and the emergence of trans-Eurasian trade from antiquity to 1000 CE. Part II, in twelve thematic chapters, spans the late imperial period from 1000 to 1800 and surveys diverse fields of economic history, including environment, demography, rural and urban development, factor markets, law, money, finance, philosophy, political economy, foreign trade, human capital, and living standards.
Imagined Geographies is a pioneering work in the study of history and geography of the pre-1800 world. In this book, Gunn argues that different regions astride the maritime silk roads were not only interconnected but can also be construed as “imagined geographies.” Taking a grand civilizational perspective, five such geographic imaginaries are examined across respective chapters, namely Indian, Arabic, Chinese, Japanese, and European including an imagined Great South Land. Drawing upon an array of marine and other archaeological examples, the author offers compelling evidence of the intertwining of political, cultural, and economic regions across the sea silk roads from ancient times until the seventeenth century. Through a thorough analysis of these five geographic imaginaries, the author sets aside purely national history and looks at the maritime realm from a broader spatial perspective. He challenges the Eurocentric concept of center and periphery and establishes a revisionist view on a decentered world regional history. This book will definitely interest history lovers from all around the world who wants to know more about how their forebears viewed their respective region and how their region fits into world history with local uniqueness. “Gunn takes large themes and makes them understandable. He is not afraid to make the grand statement, and to look at the sweep of history all in one arc. I admire that greatly; this is not history for the faint of heart. But it is history well-done, and history that can show the forest from the trees.” —Eric Tagliacozzo, John Stambaugh Professor of History, Cornell University “This is one of the most ambitious and insightful books that I have read on pre-Modern maritime Asia. The author offers fascinating perspectives on how this vast region was imagined, charted, and experienced over many centuries. That requires mastery of an immense range of scholarship and primary sources. His aim is to knit this watery world together into a conceptual whole. This mission is accomplished with style and discipline.” —Andrew R. Wilson, John A. van Beuren Chair of Asia-Pacific Studies, U.S. Naval War College
This edited volume is based on original essays first presented at seminars in complexity economics, Sichuan University, China, in November 2018 and May 2019, and at the 12th International Conference on the Chinese Economy, University of Clermont-Ferrand, France, in October 2019. It also includes three contributions written especially for this volume. This research benefited from three French grants 'Hubert Curien Research Fellowship' (Program Campus France 2019, 2020, 2021). All chapters assess the recent take-off of the Chinese economy from a historical perspective, enlarging the economic evidence that China's capitalism is a matter of institutional revolution.Institutional Change and China Capitalism aims to provide a radically new view of the rise of Chinese capitalism by drawing on recent developments in cliometrics and complexity economics, macroeconomic dynamics, network analysis and behavioral finance to illustrate the various facets of China's transition to capitalism. The chapters within innovate the study of China's take-off using the frontier of research in institutional cliometrics and complexity economics. Thus, the book is structured in three sections that seek to address — empirically, theoretically, and in terms of network structure, the profound institutional change that led China to progressively adopt capitalism.Together these papers attest to the vitality of current research in cliometrics and complexity economics.
Qarakhanid Roads to China reconsiders the diplomacy, trade and geography of transcontinental networks between Central Asia and China from the 10th to the 12th centuries and challenges the concept of “the Silk Road crisis” in the period between the fall of the Tang Dynasty and the rise of the Mongols. Utilizing a broad range of Islamic and Chinese primary sources together with archaeological data, Dilnoza Duturaeva demonstrates the complexity of interaction along the Silk Roads and beyond that, revolutionizes our understanding of the Qarakhanid world and Song-era China’s relations with neighboring regions.
Utilising Marxian, Weberian, and institutionalist approaches, this book proposes a new theoretical framework for understanding the nature of Chinese economic history: the ‘imperial mode’ of China. The book aims to innovatively apply a cohesive historical materialist framework to the economic evolution of China, while at the same time offering micro-analysis of China’s institutions throughout its history. Taking a long-run perspective, from ancient China up until the present, the book aims to show how Chinese economic history can be viewed as a dynamic evolutionary process consisting of various stages. The first part of the book lays out the imperial mode as a mode of production based on China’s agricultural economy, with a structure consisting of a central authority, the bureaucratic system, and the peasantry. The second part then chronologically examines the different dynasties through this analytical lens and suggests ways in which China’s resistance to institutional changes in the early modern period has had long-lasting consequences for its economic development. The book goes on to show how the imperial mode is able to facilitate the agricultural economy, but did not foster the modern commercial and industrial economy. It integrates modern China into the long wave of economic history, showing how this imperial mode still exerts influence on China’s current path of development, as well as introducing a new way of understanding communist China from a historical perspective. This book will have interdisciplinary appeal for researchers and students of economic history, economic development, the history of China, economic sociology, and social history more broadly.
