Elusive Capital - Merchant Networks, Economic Institutions and Business Practices in Late Imperial China (Hardcover)


Offering a fresh analysis of late imperial China, this cutting-edge book revisits the roles played by merchant networks, economic institutions, and business practices in the divergence between Europe and China during the trade revolution. Focusing on the operating modes of three major regional trading networks active in Fujian, Huizhou, and Shanxi from the sixteenth to the nineteenth centuries, Francois Gipouloux assesses the driving forces behind their dynamism, the role they played in Chinese economic development, and the constraints in which they were embedded. Examining merchants' business practices, partnerships,and investment strategies, chapters portray the three central figures of China's economy - the financier, the middleman, and the business entrepreneur - and their complex relationships with the imperial bureaucracy. By analysing the divergent trajectory of seemingly identical institutions in China and Europe, Elusive Capital takes a comparative approach to shed light on the factors that inhibited the transformation of commercial development into an industrial revolution, ultimately discovering why capital accumulation proved so elusive in late imperial China. Revealing novel insights from primary documentation including trial accounts, Elusive Capital will prove an invigorating read for students and scholars of economic history, business studies, and Asian urban and regional studies

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Product Description

Offering a fresh analysis of late imperial China, this cutting-edge book revisits the roles played by merchant networks, economic institutions, and business practices in the divergence between Europe and China during the trade revolution. Focusing on the operating modes of three major regional trading networks active in Fujian, Huizhou, and Shanxi from the sixteenth to the nineteenth centuries, Francois Gipouloux assesses the driving forces behind their dynamism, the role they played in Chinese economic development, and the constraints in which they were embedded. Examining merchants' business practices, partnerships,and investment strategies, chapters portray the three central figures of China's economy - the financier, the middleman, and the business entrepreneur - and their complex relationships with the imperial bureaucracy. By analysing the divergent trajectory of seemingly identical institutions in China and Europe, Elusive Capital takes a comparative approach to shed light on the factors that inhibited the transformation of commercial development into an industrial revolution, ultimately discovering why capital accumulation proved so elusive in late imperial China. Revealing novel insights from primary documentation including trial accounts, Elusive Capital will prove an invigorating read for students and scholars of economic history, business studies, and Asian urban and regional studies

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Product Details

General

Imprint

Edward Elgar Publishing Ltd

Country of origin

United Kingdom

Release date

June 2022

Availability

Expected to ship within 12 - 17 working days

Authors

Dimensions

234 x 156mm (L x W)

Format

Hardcover

Pages

328

ISBN-13

978-1-80088-989-7

Barcode

9781800889897

Categories

LSN

1-80088-989-5



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