'Cannot be Fed on when starving': an analysis of the economic thought sorrounding China's earlier use of paper money by Niv Horesh

By:

Horesh, Niv [author]

Material type: Text

text

Media type:

unmediated

Carrier type:

volume

Subject(s):

Economics -- China

LOC classification:

HB75 JOU

Online resources:

Click here to access online

Summary: This article argues that Western impressions of the Chinese pre-modern monetary experience might have been excessively colored by Marco Polo’s favorable commentary on the stability of the Mongol polity and its dissemination of paper money. Experiments with unconvertible paper money had ultimately been no more successful in late-imperial China than they were in the early-modern West. By 1430, in fact, the Ming dynasty was forced to abandon the issuance of paper money altogether. The genesis of paper money both in China and it the West had originally emanated from private institutions. However, royally chartered banks of issue were conspicuously absent from the Chinese setting until the late nineteenth century.

Reviews from LibraryThing.com:

Tags from this library: No tags from this library for this title. Log in to add tags.

Average rating: 0.0 (0 votes)

Holdings
Item type	Current library	Call number	Vol info	Copy number	Status	Notes	Date due	Barcode
Journal Article	Main Library - Special Collections	HB75 JOU (Browse shelf(Opens below))	Vol. 35, no.3 (pages373-396)	SP17520	Not for loan	For In House Use

Browsing Main Library shelves, Shelving location: - Special Collections Close shelf browser (Hides shelf browser)

Previous	No cover image available	No cover image available	No cover image available	No cover image available	No cover image available	No cover image available	No cover image available	Next
Previous	HB75 JOU Von Hayek and Ordoliberalism on justice	HB75 JOU Pigou, Knight, diminishing returns, and optimal Pigouvian congestion tolls	HB75 JOU Econophysics : a new challenge for Financial Economics	HB75 JOU 'Cannot be Fed on when starving': an analysis of the economic thought sorrounding China's earlier use of paper money	HB75 JOU Irving Fisher and Index Number Theory	HB75 JOU Irvine Fisher, debt deflation, and crises	HB75 JOU Irving Fisher's progeny and the 2008 financial crisis	Next

This article argues that Western impressions of the Chinese pre-modern monetary experience might have been excessively colored by Marco Polo’s favorable commentary on the stability of the Mongol polity and its dissemination of paper money. Experiments with unconvertible paper money had ultimately been no more successful in late-imperial China than they were in the early-modern West. By 1430, in fact, the Ming dynasty was forced to abandon the issuance of paper money altogether. The genesis of paper money both in China and it the West had originally emanated from private institutions. However, royally chartered banks of issue were conspicuously absent from the Chinese setting until the late nineteenth century.

There are no comments on this title.

to post a comment.

here