The Economic Principles of Confucius and His School

The Economic Principles of Confucius and His School

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1911 edition. Excerpt: ...which were offered as a sort of taxation were heavy, rough, cheap and defective. Liu An thought that even if they were transported to the capital, it could not cover the cost. Then he stored them up in the valley of Yangtze, and exchanged them for copper, lead, fuel and charcoal. The annual coinage was more than one hundred thousand strings. This shows his economic policy. On the one hand, native products became more useful, and on the other, circulation of money was made sufficient. His administration was remarkable, partly because of his own genius, and partly because of his choice of men. He selected several hundred of the best scholars to have charge of the business, because he said that scholars care for fame more than for money. Among his subordinates, even at a great distance, no one deceived him. After he died, these also became famous financiers for a period of twenty years. This shows the wisdom of Liu An.1 Under the Sung dynasty, in 1620 (1069 A. D.), Wang An-shih revived the system of equal transportation. It was proposed because, owing to the old custom, the officials of public finance did not know the relation between the central government and local conditions, and they were unable to fill the deficiency with the surplus. The amount of stipulated annual contribution of products by the provinces to the capital was fixed by rule. It was not allowed to be more than the fixed amount, even in a year of plenty, and when transportation was easy: nor could it be less. even in bad years and at a high price. In the latter case, the provinces contributed their commodities at a cost two-fold or five-fold the normal price; but when they reached the capital, they 'New History of Tang, ch. cxlix; etc. "From this section and...show more

Product details

  • Paperback | 116 pages
  • 189 x 246 x 6mm | 222g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 123696960X
  • 9781236969606