PHILOSOPHICAL FRAMEWORK OF THE ECONOMIC PRACTICE IN ANCIENT CHINA.

Subsistence smallholder economy known as the inherent production mode in ancient China hides a lot of mysteries. What is the philosophical framework behind it? How did it come about and last for two millenniums? Why did it lead China to a great prosperity in agricultural era but did not evolute furthermore? This paper offers as a tentative explanation a line of logic, where pan-humanist philosophy evolves a humanity basis and morality standard in economic practice along with Legalist approach. [ABSTRACT FROM AUTHOR]