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European and Chinese Histories of Economic Thought - Theories and Images of Good Governance (Hardcover)
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European and Chinese Histories of Economic Thought - Theories and Images of Good Governance (Hardcover)
Series: Routledge Studies in the History of Economics
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The Western literature on the history of Chinese economic thought
is sparse, and comparisons with the history of Western economic
thought even more so. This pioneering book brings together Western
and Chinese scholars to reflect on the historical evolution of
economic thought in Europe and China. The international panel of
contributors cover key topics such as currency, usury, land tenure,
the granary system, welfare, and government, and special attention
is given to monetary institutions and policies. The problem of
"good government" emerges as the unifying thread of a complex
analysis that includes both theoretical issues and applied
economics. Chinese lines of evolution include the problem of the
agency of the State, its ideological justification, the financing
of public expenditure, the role played by the public
administration, and the provision of credit. The early radical
condemnation of usury in the Near East and in the West gives way to
theoretical justifications of interest-taking in early capitalist
Europe; they, in turn, lead to advances in mathematics and business
administration and represent one of the origins of modern economic
theory. Other uniting themes include the relationship between
metallic and paper money in Chinese and European experiences and
the cross-fertilization of economic practices and ideas in the
course of their pluri-millennial interactions. Differences emerge;
the approach to the organization of economic life was, and still
is, more State-centred in China. The editors bring together these
analytical threads in a final chapter, opening wider horizons for
this new line of comparative economic research which is important
for the understanding of modern ideological turns. This volume
provides valuable reading for scholars in the history of economic
thought, economic history and Chinese studies.
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