By Richard von Glahn
China's striking upward thrust as an financial powerhouse long ago 20 years poses a problem to many long-held assumptions concerning the courting among political associations and monetary improvement. financial prosperity additionally was once extremely important to the toughness of the chinese language Empire in the course of the preindustrial period. earlier than the eighteenth century, China's financial system shared the various gains, corresponding to hugely effective agriculture and complicated markets, present in the main complex areas of Europe. yet in lots of respects, from the important significance of irrigated rice farming to family members constitution, estate rights, the prestige of retailers, the financial method, and the imperial state's monetary and monetary rules, China's preindustrial economic system diverged from the Western course of improvement. during this accomplished yet obtainable research, Richard von Glahn examines the institutional foundations, continuities and discontinuities in China's financial improvement over 3 millennia, from the Bronze Age to the early 20th century.