By Thomas G. Rawski, Lillian M. Li
The essays assembled right here characterize a turning element within the research of chinese language financial historical past. past paintings has emphasised the institutional and social bases of financial swap. those stories holiday new flooring, bringing Western monetary conception to the learn of China's economic climate because the 17th century.
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Additional info for Chinese History in Economic Perspective (Studies on China)
Higher productivity means more abundant goods and services, which may in turn bring down the general level of prices. Nonetheless, in a historical study of English population and prices Peter H. Lindert does find a strong correlation between the two prior to 1815, that is, before industrialization. " He offers two theories to explain how population growth affects prices. According to the first theory, rapid population growth may bring about a higher ratio of children to adults. With more children to support, a household generally has fewer savings.
In the interior, Sichuan and Hubei became overpopulated, raising the price of rice, while Hunan, Anhui, and Jiangxi remained an area with large amounts of food for export. 3 to 1 if the North is included; both ratios are lower than around 1740. What this brief survey of price history suggests is that, given the inexpensive network of water transportation that radiated from the Yangzi Delta, China had a more integrated economy than Europe did in most of the seventeenth century. However, the emergence of the North Atlantic economy moved Europe along at an accelerated pace.
8 million. Zhili did not submit its first detailed population return under the reformed system until 1778. 5 million in 1790, it experienced a 40 percent increase over 41 years. 4 million. 6 million.  The history of the Zhili/Hebei area of North China poses questions of enormous consequence. How could this area maintain its political centrality for so many centuries despite a relatively weak economic base? How could substantial population growth be sustained in the face of what appear in the historical record to be frequent and regular occurrences of drought and flood?