1. The State and Goals of Economic History: A Review of Between Command and Market: Economic Thought and Practice in Early China.
- Author
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Feng, Li
- Subjects
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ECONOMIC history , *CROSS-cultural studies , *BUSINESS cycles , *BUSINESSPEOPLE , *CAPITALISM , *TOMBS - Abstract
These studies show, quite contrary to the economic historians' previous understanding of the early state that embedded a "redistributive" economy, the perspective of an early stage of a commodity economy, based on mass-production of ritual or everyday objects in huge factories.[37] The studies also show that it is beneficial, and indeed necessary, for the archaeologists who deal with matters in economy to conduct research under agendas developed by social historians, so the meaning of their material evidence can be fully appreciated by historians in cross-cultural analyses. Simply speaking, the ancient Chinese economy since the Bronze Age had the strong characteristics of that of a "domain state", in which the royal house and the state produced large proportions of the material provision that it needed to survive, and made its budget (if any) based on it.[30] It can also be considered a lineage economy in which the whole economy was sliced into many largely independent domains organized by the lineages. The evidence suggests that the private economy was not only supplemental to the state economy, but was indispensable to the healthy operation of the state economy. If there is an overall argument about the early Chinese economy in the book, it is the view of the two editors that the ancient Chinese economy differs from the Polanyi-Finley model of substantivist economy for its strong trend towards market exchange, commercialization of its products, and manipulation of prices (1-2). [Extracted from the article]
- Published
- 2023
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