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The Laws and Economics of Confucianism

The Laws and Economics of Confucianism

Paperback

Series: Cambridge Studies in Economics, Choice, and Society

Chinese HistoryGeneral LawBritish History

ISBN10: 1316506282
ISBN13: 9781316506288
Publisher: Cambridge University Press
Published: May 16 2019
Pages: 320
Weight: 1.04
Height: 0.72 Width: 6.00 Depth: 9.00
Language: English
Tying together cultural history, legal history, and institutional economics, The Laws and Economics of Confucianism: Kinship and Property in Preindustrial China and England offers a novel argument as to why Chinese and English preindustrial economic development went down different paths. The dominance of Neo-Confucian social hierarchies in Late Imperial and Republican China, under which advanced age and generational seniority were the primary determinants of sociopolitical status, allowed many poor but senior individuals to possess status and political authority highly disproportionate to their wealth. In comparison, landed wealth was a fairly strict prerequisite for high status and authority in the far more 'individualist' society of early modern England, essentially excluding low-income individuals from secular positions of prestige and leadership. Zhang argues that this social difference had major consequences for property institutions and agricultural production.

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Chinese History