History of Chinese Monetary Theory

Author: Ye Shichang
Publisher:
Publish Date: 2003-09-01
Features: The book is divided into two parts—Part 1: Ancient Chinese Monetary Theory and Part 2: Modern Chinese Monetary Theory—comprising 23 chapters and 510,000 words. It comprehensively and deeply discusses the monetary theories of major Chinese thinkers from the Spring and Autumn and Warring States periods to the Liberation War, tracing the origins and evolution of Chinese monetary theory. It clearly presents the development and changes in Chinese monetary theory, making it a high-level, comprehensive history of Chinese monetary theory. Part 1 primarily evaluates different interpretations of fundamental monetary issues, such as the origin of money, its functions as a measure of value, means of payment, store of value, and its essence, as well as the circulation of paper money, from the theory of "" by Shan Qi to the nominalist monetary theory by Wang Zhen. Part 2 further analyzes the evolution of the two major monetary theory schools—metallicism and nominalism—in modern times, the introduction and dissemination of Western economics and its monetary theories, debates over the monetary standard system in the late Qing Dynasty and early Republic of China, the implementation of the Nationalist government's policies to abolish the yuan and adopt the liang and the fiat currency, the spread and application of Marxist monetary theory, and the monetary theories of the liberation zones.