Title: Comparison on Seeds of Commodity Economy between China and Western Europe——A Case Study of Huai Salt Business Management and Hui Merchants in Ming and Qing Dynasties
Abstract: In comparison with Western Europe,the typical case study of Huai salt business management and Hui merchants in the Ming and Qing Dynasties shows that although Western Europe evolved from feudal society to capitalist society after the Middle Ages,it still was natural economy.Its transition to commodity economy began after the first industrial revolution.And before the industrial revolution,technical measures for the adaptation to development of commodity economy had appeared,including banking,foreign exchange,double-entry bookkeeping,stock and marine court,which could be seen as the manifestation of seeds of commodity economy(an important historical reason for the development of credit techniques in Western European was East-West trade imbalance,resulting in a severe shortage of precious metal currency).Likewise,during the Ming and Qing Dynasties,the adaptive and technical measures for the development of commodity economy appeared in China,which were also the manifestation of seeds of China's commodity economy.To make the comparison easier,the paper selects the typical case of Huai salt business management and Hui merchants in the Ming and Qing Dynasties and illustrates it with nine examples.
Publication Year: 2012
Publication Date: 2012-01-01
Language: en
Type: article
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