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.

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.

Chinese and Indian Merchants in Modern Asia studies overseas Chinese and Indian merchants and their impacts on the emerging global economy from the nineteenth to twentieth centuries, focusing on their networking and interactions with the empires and the states.

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.

Guo Wu is an assistant professor of modern Chinese history at Allegheny College. He holds a PhD from the State University of New York at Albany, an MA from Georgia State University, and a BA from Beijing Language University, China. Dr. Wu is the author of several research articles on modern Chinese political thought and contemporary Chinese film. --Book Jacket.