Title: On the Characteristics of Value of Money Theory in Ancient China
Abstract: This paper analyzes value of money theory in ancient China,which is weaker than that in the West.It argues that it is because of lack of research into value of money that results in the focus of monetary theories in ancient China on less important aspects,unable to interpret the motivation and source of wealth growth and properly perceive the important role of money in commodity exchange.The weakness in value of money theory also leads to the fact that monetary theories in ancient China lay more emphasis than those in the West on public finance and less on commodity market,thus failing to form a comprehensive system of thoughts.
Publication Year: 2009
Publication Date: 2009-01-01
Language: en
Type: article
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