Economics

Cambridge University Press: Tying together cultural history, legal history, and institutional economics, The Laws and Economics of Confucianism: Kinship and Property in Pre-Industrial China and England offers a novel argument as to why Chinese and English pre-industrial economic development went down different paths. The dominance of Neo-Confucian social hierarchies in Late Imperial and Republican China, under which advanced age and generational seniority were the primary determinants of sociopolitical status, allowed many poor but senior individuals to possess status and political authority highly disproportionate to their wealth. In comparison, landed wealth was a fairly strict prerequisite for high status and authority in the far more “individualist” society of early modern England, essentially excluding low-income individuals from secular positions of prestige and leadership. Zhang argues that this social difference had major consequences for property institutions and agricultural production.{chop}Related Reading:“Confucian Economics: The World at Work,” Kazimierz Z. Poznanski, World Review of Political Economy, Summer 2015“What was the Great Divergence?,” C.W., The Economist, September 2, 2013The Great Divergence: China, Europe, and the Making of the Modern World Economy, Kenneth Pomeranz, Princeton, 2001Civil Law in Qing and Republican China (Law, Society, and Culture in China), Kathryn Bernhardt and Philip Huang, Stanford, 1994Order without Law: How Neighbors Settle Disputes, Robert Ellickson, Harvard, 1991