In ancient China, as the lowermost class in the social hierarchy, merchants were viewed as greedy and immoral, commanding little respect. But since the sixteenth century, when China entered modern times with the sprout of capitalism, merchants have become a strong force to transform the ancient society. By absorbing methods of anthropology, psychology, geography, and economics, as well as cultural and genealogical studies, this book explores the development and rise of the merchant in modern China. To start with, it examines the golden times of the merchant and the dilemmas facing them in the two-millennia-long traditional society where the "pro-agriculture and anti-commerce" policy was implemented. With the economic development, merchant groups gradually came into being and formed a vibrant social class in the modern era. Major merchant groups, their psychological integration, and the interaction between merchants and capitalism in China are specifically studied. Also, merchants’ role in the communal life is analyzed, including their contribution to the making and expansion of modern communities, which led to China’s social transformation. With a multi-faceted description of Chinese merchants whose development interweaves with the transformation of the ancient country, this book will appeal to scholars and students in economics, history, sociology, and cultural studies. Readers interested in Chinese culture and social history will also be attracted by it.

In the late nineteenth and early twentieth centuries, merchants in China were incorporated into the bourgeoisie and constituted a vital part of the upstart capitalists. The lowermost class in ancient China’s social hierarchy has thus become a strong force of social transformation in the modern era. From the angle of the interaction between the merchant and modern society, this book examines the factors behind the rise of the merchant class in China, in terms of its cultural traits, inner structure, and business modes. First, it analyzes the features and historical standings of merchant culture which came into existence on the basis of reworking and integrating Neo-Confucianism. It argues that merchant culture pushed China’s early enlightenment movement to a new level. Then the rise of the bourgeoisie and their role in the evolution of modern Chinese society are studied thoroughly. More importantly, by examining the "golden age" of the merchant after the 1911 Revolution and its end brought by the Northern Expedition, this book studies the dilemmas faced by Chinese merchants. Finally, it probes into the reasons why it was hard for China to go beyond modern society, that is, completing the transition from commodity economy to capitalist economy. This book will deepen the understanding of China’s merchant class and modern Chinese society. Scholars and students in economics, history, sociology, and cultural studies will be attracted by it.

This book explores the vital role of merchants within early modern China. Unlike European merchants, their Sino-colleagues have long been regarded as certain social pariahs after pre-Qin period, despite the fortune they made. The key mission of this monograph is to investigate whether the standing of merchants in the Ming Empire has been improved compared with their predecessors. Generally, their status is reflected in state-merchant relationship and their role in the market, which can be found in miscellaneous economic activities such as market monopoly, commercial taxation, international trade, and consumption. This book aims to be of relevance to students and researchers interested in early modern history, eastern commerce, Ming merchants, and contemporary global affairs.

Capturing China’s past in all its complexity, this multi-faceted history portrays China in the context of a larger global world, while incorporating the narratives of Chinese as well as non-Chinese ethnic groups and discussing people traditionally left out of the story—peasants, women, merchants, and artisans. Offers a complete political, economic, social, and cultural history of China, covering the major events and trends Written in a clear and uncomplicated style by a distinguished historian with over four decades of experience teaching undergraduates Examines Chinese history through the lens of global history to better understand how foreign influences affected domestic policies and practices Depicts the role of non-Chinese ethnic groups in China, such as Tibetans and Uyghurs, and analyzes the Mongol and Manchu rulers and their impact on Chinese society Incorporates the narratives of people traditionally left out of Chinese history, including women, peasants, merchants, and artisans The Blackwell History of the World Series The goal of this ambitious series is to provide an accessible source of knowledge about the entire human past, for every curious person in every part of the world. It will comprise some two dozen volumes, of which some provide synoptic views of the history of particular regions while others consider the world as a whole during a particular period of time. The volumes are narrative in form, giving balanced attention to social and cultural history (in the broadest sense) as well as to institutional development and political change. Each provides a systematic account of a very large subject, but they are also both imaginative and interpretative. The Series is intended to be accessible to the widest possible readership, and the accessibility of its volumes is matched by the style of presentation and production.

From its dramatic expansion in the early nineteenth century to its decline in the late 1930s, salt production in Zigong was one of the largest and only indigenous large-scale industries in China. Madeleine Zelin's history details the novel ways in which Zigong merchants mobilized capital through financial-industrial networks and spurred growth by developing new technologies, capturing markets, and building integrated business organizations. She provides new insight into the forces and institutions that shaped Chinese economic and social development (independent of Western or Japanese influence) and challenges long-held beliefs that social structure, state extraction, the absence of modern banking, and cultural bias against business precluded industrial development in China.

In this major new study, Margherita Zanasi argues that basic notions of a free market economy emerged in China a century and half earlier than in Europe. In response to the commercial revolutions of the late 1500s, Chinese intellectuals and officials called for the end of state intervention in the market, recognizing its power to self-regulate. They also noted the elasticity of domestic demand and production, arguing in favour of ending long-standing rules against luxury consumption, an idea that emerged in Europe in the late seventeenth and early nineteenth centuries. Zanasi challenges Eurocentric theories of economic modernization as well as the assumption that European Enlightenment thought was unique in its ability to produce innovative economic ideas. She instead establishes a direct connection between observations of local economic conditions and the formulation of new theories, revealing the unexpected flexibility of the Confucian tradition and its accommodation of seemingly unorthodox ideas.

In light of East Asia's current economic success, it has become increasingly clear that Confucian social thought, long assumed in Western scholarship to be a major stumbling block to economic development, can, under the proper circumstances, have exactly the opposite effect. Lufrano's study is the most sustained and sophisticated of recent reevaluations of Confucianism's role in the rapid commercial development in the late Ming to mid-Qing period. It will be of great interest and value to scholars in the growing field of Chinese business history and should be welcomed by those interested in the Confucian roots of Pacific Rim business practice.