History

State or Merchant: Political Economy and Political Process in 1740s China

This book is a study of how Confucian-trained officials thought about the grain trade and the state’s role in it, particularly the “ever-normal granaries,” the stockpiles of grain maintained by every county government as protection against shortages and high prices, the scope of beliefs in market forces in the 1750s, and the factors behind Chinese state decisions surrounding the purchase and stockpiling of grain.