Location:Home Classical Chinese Economics
Socialistic Policies of Ancient China [4]: Government Control of Demand and Supply (1): General Principles and Practitioners
By Xinfajia
2018-07-01 02:20:22

-- From The Economic Principles of Confucius and his School, Book VIII, Chap 29

EDITORS NOTE: Over a century ago, a Chinese scholar, named Chen Huan-Chang (陈焕章), wrote the book in English The Economic Principles of Confucius and his School as his PhD thesis at Columbia University and had it published in the USA. The book has had great impact on several generations of masterly Western scholars in economics and economic policies in the West. For instance, the idea of changpingchang (常平仓, or regulative storage), which had been practiced for thousands of years in ancient China and was mentioned in the book, was adopted by the US parliament in its 1933 Agricultural Adjustment Act, sponsored by Henry A. Wallace (USDA secretary, 1933-1940), who had learned of it from the said book.

As the book is focused on only one of the several major ancient Chinese schools of thought, some other essential content in traditional Chinese economics, therefore, could not be covered, such as those of Guan Zhong (管仲), the Legalist chancellor and reformer of Qi state and, according to the author of this book, the first person who had put forward a complete system of thought on economics. However, many important ideas and practices discussed in the book had actually been shared by some other major schools of thought. That of changpingchang mentioned above is one typical example.

While this book is a comprehensive treatment of the topic as indicated by its title, whole six chapters are devoted to socialistic policies in ancient Chinese economy, which practice might not be expected by contemporary readers. We will post excerpts from these chapters in installments. Hope it will shed some light on how todays world economy should be reformed.


Socialistic Policies of Ancient China [1]: The Tsing Tien System:

 (I) History of the Tsing Tien System

(II) The Tsing Tien System of Confucius

(III) History of the Destruction of Tsing Tien ... VII. Conclusion

Socialistic Policies of Ancient China [2]: Monopoly:

Socialistic Policies of Ancient China [3]: Exclusion of the Ruling Class from the Economic Field













Post a Comment
                          Please enter the verification code on left, and then submit.
Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. We will take steps to block users who violate any of our posting standards, terms of use or privacy policies or any other policies governing this site. You are fully responsible for the content that you post.
Copyright: The New Legalist Website      Registered: Beijing ICP 05073683      E-mail: alexzhaid@163.com   lusherwin@yahoo.com