By Hu Ji Chuang
The book's illuminating proof and profound research show the noteworthy achievements in historic China'seconomic suggestion, giving it its due within the historical past of global financial idea.
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Additional resources for A Concise History Of Chinese Economic Thought
The changed relations of production in agriculture inevitably improved the productivity of agricultural labour. Hence, household handicraft industry made much headway alongside burgeoning independent small handicrafts, which now had a higher technical standard. All this created an urgent demand for the free marketing of commodities. At the same time the strictly controlled market system of the Western Zhou gave way to comparatively free marketing activities. In tum, this enabled agriculture and handicrafts to advance further.
9 The so-called superior man here signifies a member of the ruling class, including the intelligentsia who served it, while the so-called inferior man signifies the ruled people at large. He meant the understanding as something each had by birth. Thus he took the concepts of righteousness and material benefit as two natural tendencies in opposition to each other, belonging inherently to two antagonistic classes. This distinction and its associations wielded a tremendous influence in the ideological sphere for more than two thousand years, and not only in the sphere of economics.
Each appertains to, or bears a nature to, water, 3. Yin, 4. Mao. Each appertains to, or bears a nature to, water. 6. Si, 7. Wu. Each appertains to, or bears a nature to, fire. 9. Shen, 10. You. Each appertains to, or bears a similar to, metal. 2. Chou, 5. Chen. 8. Wei, 11. Xu. Each appertains to, or bears a similar to, earth. similar similar similar nature nature In relation to the condition of harvests, "water" signifies a bad or an extremely bad year, "wood" a good year, "metal" a good or a bumper year, "fire" drought, and "earth" a declining or recovering condition of the yearly harvest according to the specific case.