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.

Why did modern capitalism not arise in late imperial China? One famous answer comes from Max Weber, whose The Protestant Ethic and the Spirit of Capitalism gave a canonical analysis of religious and cultural factors in early modern European economic development. In The Religions of China, Weber contended that China lacked the crucial religious impetus to capitalist growth that Protestantism gave Europe. The preeminent historian Ying-shih Yü offers a magisterial examination of religious and cultural influences in the development of China’s early modern economy, both complement and counterpoint to Weber’s inquiry. The Religious Ethic and Mercantile Spirit in Early Modern China investigates how evolving forms of Buddhism, Confucianism, and Daoism created and promulgated their own concepts of the work ethic from the late seventh century into the Qing dynasty. The book traces how religious leaders developed the spiritual significance of labor and how merchants adopted this religious work ethic, raising their status in Chinese society. However, Yü argues, China’s early modern mercantile spirit was restricted by the imperial bureaucratic priority on social order. He challenges Marxists who championed China’s “sprouts of capitalism” during the fifteenth through eighteenth centuries as well as other modern scholars who credit Confucianism with producing dramatic economic growth in East Asian countries. Yü rejects the premise that China needed an early capitalist stage of development; moreover, the East Asian capitalism that flourished in the later half of the twentieth century was essentially part of the spread of global capitalism. Now available in English translation, this landmark work has been greatly influential among scholars in East Asia since its publication in Chinese in 1987.

From precious jade articles to monumental stone arches, Huizhou salt merchants in Jiangnan lived surrounded by objects in eighteenth-century China. How and why did these businessmen devote themselves to these items? What can we learn about eighteenth-century China by examining the relationship between merchants and objects? Luxurious Networks examines Huizhou salt merchants in the material world of High Qing China to reveal a dynamic interaction between people and objects. The Qianlong emperor purposely used objects to expand his influence in economic and cultural fields. Thanks to their broad networks, outstanding managerial skills, and abundant financial resources, these salt merchants were ideal agents for selecting and producing objects for imperial use. In contrast to the typical caricature of merchants as mimics of the literati, these wealthy businessmen became respected individuals who played a crucial role in the political, economic, social, and cultural world of eighteenth-century China. Their life experiences illustrate the dynamic relationship between the Manchu and Han, central and local, and humans and objects in Chinese history.

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.

An intriguing historical examination of China's widespread opium epidemic