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A satisfactory comprehensive history of the social and economic development of pre-modern China, the largest country in the world in terms of population, and with a documentary record covering three millennia, is still far from possible. The present work is only an attempt to disengage the major themes that seem to be of relevance to our understanding of China today. In particular, this volume studies three questions. Why did the Chinese Empire stay together when the Roman Empire, and every other empire of antiquity of the middle ages, ultimately collapsed? What were the causes of the medieval revolution which made the Chinese economy after about 1100 the most advanced in the world? And why did China after about 1350 fail to maintain her earlier pace of technological advance while still, in many respects, advancing economically? The three sections of the book deal with these problems in turn but the division of a subject matter is to some extent only one of convenience. These topics are so interrelated that, in the last analysis, none of them can be considered in isolation from the others.
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Reprint of the original, first published in 1872. The publishing house Anatiposi publishes historical books as reprints. Due to their age, these books may have missing pages or inferior quality. Our aim is to preserve these books and make them available to the public so that they do not get lost.
Prosperity signifies success in economic performance. Economic performance always takes place in a spatial context. And institutions matter in economic performance. These three interwoven themes underlie this inquiry into the regional economy of southern Fukien province during the Sung and Yuan dynasties, when the area was one of the most prosperous regions in China. Through a meticulous reading of the sources, the author seeks to understand the meaning of prosperity in the premodern Chinese context and argues that we have to understand economic performance as a process occurring in space and influenced by institutions, which affect economic actors particularly through the means of transaction costs.