Download Fountain of Fortune: Money and Monetary Policy in China, by Richard von Glahn PDF

By Richard von Glahn

"A vintage. All next paintings in parts regarding chinese language financial historical past will easily need to keep on with in von Glahn's footsteps."—Dennis O. Flynn, writer of Born with a "Silver Spoon"

"An vital examine of a little-researched and maddeningly advanced subject. It displays an extraordinary mix of strengths in financial concept, extra normal social and monetary historical past, and a powerful command of hard-to-find fabrics in either chinese language and Japanese."—Kenneth Pomeranz, writer of The Making of a Hinterland

"A interesting tale of the origins and improvement of the Wutong cult and the demonic in chinese language faith. From the Shang Dynasty all the way down to past due imperial instances, Von Glahn lays earlier than us an attractive wealth of information and never-before awarded data."—Steve Bokenkamp, Indiana collage, and writer of Early Daoist Scriptures

"No different author has explored where of the sinister in chinese language faith in this type of considerate and nuanced approach. a great, gracefully written research masking significant issues of the track via Ming periods."—Patricia Ebrey, writer of the interior Quarters: Marriage and the Lives of chinese language ladies within the Sung interval

Show description

Read Online or Download Fountain of Fortune: Money and Monetary Policy in China, 1000-1700 PDF

Similar money & monetary policy books

Exchange Rate Regimes: Fixed, Flexible or Something in Between

A superb consultant with all of the fundamentals to appreciate different varieties of alternate expense regimes and the demanding situations they pose to assorted economies.

Nation-States and Money: The Past, Present and Future of National Currencies (Ripe Series in Global Political Economy,)

Nationwide currencies seem to be threatened from each side. ecu Union member international locations are as a result of abandon their nationwide currencies in favour of a supranational forex via the yr 2000. somewhere else, using foreign currency echange inside of nationwide financial areas is at the raise, as proven through the expansion of eurocurrency job, and foreign money substitution in lots of elements of the area.

A Tract on Monetary Reform

John Maynard Keynes (1883–1946) used to be surely essentially the most influential thinkers of the 20th century. His paintings revolutionised the speculation and perform of recent economics. It has had a profound effect at the approach economics is taught and written, and on monetary coverage, worldwide. The amassed Writings of John Maynard Keynes, released in complete in digital and paperback layout for the 1st time, makes on hand in thirty volumes all of Keynes’s released books and articles.

Credit, Money and Macroeconomic Policy: A Post-Keynesian Approach

With contemporary turmoil in monetary markets all over the world, this distinctive and updated booklet addresses a couple of not easy matters relating to financial coverage, monetary markets and macroeconomic policy.

While a number of the chapters deal with the hot situation in addition to alterations to the Basel Accord, others examine the necessary adjustments to the behavior of economic and financial guidelines. the prestigious authors provide an in-depth and entire research of macroeconomics and supply replacement rules to accommodate a couple of power modern day problems.

Offering an engaging research of present monetary matters from a Post-Keynesian point of view, this e-book will entice teachers and graduate scholars of macroeconomics and fiscal markets.

‘The quantity credits, cash and Macroeconomic coverage edited by way of Claude Gnos and Louis-Philippe Rochon, represents a most crucial contribution to our realizing of the character and position of credits and cash in smooth economies. It offers with essentially the most urgent problems with our time; as such it constitutes a useful consultant for the comprehension of the consequences of the final 20 years of inflation concentrating on regulations. ’
– Giuseppe Fontana, college of Leeds, united kingdom and collage of Sannio, Italy.

Contributors: A. Asensio, R. Bellofiore, R. W. Dimand, A. Fumagalli, C. Gnos, R. Guttmann, J. Halevi, E. Hein, S. Karagiannis, T. T. Koutsobinas, S. Lucarelli, Y. Panagopoulos, A. Parguez, L. -P. Rochon, S. Rossi, M. Sawyer, U. ? ener, M. Setterfield, R. Sobreira, A. D. Spiliotis, A. Truger, P. Zendron.

Additional resources for Fountain of Fortune: Money and Monetary Policy in China, 1000-1700

Example text

The prince who can balance the exchange values of grain, currency, and gold is capable of restoring order to the empire. " 49 Given the crucial role of money not just in determining the price level but also in fostering production, it is small wonder that Pseudo-Guanzi insisted that the sovereign authority to issue currency must be restricted to the ruler alone. This was a lesson not lost on contemporaries who harbored ambitions of establishing unified rule over the Chinese ecumene. D. 9), the era in which the Guanzi assumed its present form, a synthesis of monetary 34 I Classical Chinese Monetary Analysis doctrines emerged that shaped the course of monetary policies throughout subsequent dynasties.

The ruler's coin rapidly superseded other forms of money; although the guarantee of value represented by the ruler's mark was by no means inviolable, the sovereign authority of the ruler dwarfed the credibility of any private agents. We should also keep in mind that money as a means of state payments is logically distinct from its function as a means of exchange. Indeed, as Weber noted, ancient rulers collected tribute and other forms of payment long before a market and the use of money as a means of exchange emerged.

34 I Classical Chinese Monetary Analysis By late imperial times, the Guanzi version of the origin of money prevailed over catallactic theories. It was given pride of place in all major historical surveys of government institutions. 35 The Ming statecraft scholar Qiujun (1420-95) began his treatise on money by invoking the passage from Guanzi cited above, adding his own commentary rejecting the alternative premise that the purpose behind the invention of money was simply to facilitate trade. 36 Instead, Qiu emphasized the importance of money and trade as means to relieve the suffering of the people in times of distress.

Download PDF sample

Rated 4.62 of 5 – based on 8 votes