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The rise and fall of a public debt market in 16th-century China : the story of the Ming salt certificate /

During the Ming dynasty (1368-1644), the government invited merchants to deliver grain in return for salt certificates with which merchants drew salt as reward. The salt certificate therefore represented a national debt, denominated in salt, the government thereby owed merchants. A speculative marke...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Puk, Wing Kin, 1968- (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Leiden ; Boston : Brill, [2016]
Colección:Monies, markets, and finance in East Asia, 1600-1900 ; v. 8.
Temas:
Acceso en línea:Texto completo

MARC

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100 1 |a Puk, Wing Kin,  |d 1968-  |e author. 
245 1 4 |a The rise and fall of a public debt market in 16th-century China :  |b the story of the Ming salt certificate /  |c by Wing-kin Puk. 
264 1 |a Leiden ;  |a Boston :  |b Brill,  |c [2016] 
300 |a 1 online resource (vi, 202 pages) :  |b illustrations 
336 |a text  |b txt  |2 rdacontent 
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490 1 |a Monies, markets, and finance in East Asia, 1600-1900 ;  |v volume 8 
504 |a Includes bibliographical references (pages 171-184) and index. 
588 0 |a Print version record. 
505 0 |a Acknowledgements -- Abbreviations -- Introduction -- The early Ming -- Grain, salt, and silver -- The lianghuai salt syndicate -- Salt merchants in Yangzhou : migration and social mobility -- Salt syndicate and salt merchants -- The huaitang Chengs in Lianghuai -- The chengs in the Lianghuai salt gazetteer -- Zhang Lin and the Changlu salt monopoly -- Continuity and change -- Conclusion -- Bibliography -- Primary sources -- Other works -- Index. 
520 |a During the Ming dynasty (1368-1644), the government invited merchants to deliver grain in return for salt certificates with which merchants drew salt as reward. The salt certificate therefore represented a national debt, denominated in salt, the government thereby owed merchants. A speculative market of salt certificates was created in Yangzhou and brought into being powerful financiers in the early 17th century. The government, financially hard pressed, abolished the speculative market of salt certificates by franchising these financiers in return for their hereditary obligation to pay salt certificate surcharge. China was therefore deprived of a possibility to develop a public debt market. This story is a testimony to Fernand Braudel's argument of the \'nondevelopment\' of Capitalism in China. 
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650 0 |a Debts, Public  |z China  |x History  |y 16th century. 
651 0 |a China  |x Economic conditions  |y 16th century. 
650 0 |a Salt industry and trade  |x Economic aspects  |z China. 
651 0 |a China  |x Politics and government  |y 16th century. 
650 6 |a Dettes publiques  |z Chine  |x Histoire  |y 16e siècle. 
651 6 |a Chine  |x Conditions économiques  |y 16e siècle. 
650 6 |a Sel  |x Industrie  |x Aspect économique  |z Chine. 
651 6 |a Chine  |x Politique et gouvernement  |y 16e siècle. 
650 7 |a BUSINESS & ECONOMICS  |x Public Finance.  |2 bisacsh 
650 7 |a Debts, Public  |2 fast 
650 7 |a Economic history  |2 fast 
650 7 |a Politics and government  |2 fast 
650 7 |a Salt industry and trade  |x Economic aspects  |2 fast 
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648 7 |a 1500-1599  |2 fast 
655 7 |a History  |2 fast 
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