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2018 | OriginalPaper | Buchkapitel

2. Economic Thinking on Chinese Agriculture

verfasst von : Jun Du

Erschienen in: Agricultural Transition in China

Verlag: Springer International Publishing

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Abstract

Chapter 2 uses ‘Great Divergence’ debate and the ‘Involutionary Growth’ in pre-industrial agriculture to support the argument that China’s agricultural technology evolution was a typical case of technology choice determined by complex market institutions. Involutionary growth is an economic phenomenon shown at the end of a possible path of technical change that deviates from the standard induced technology change, where factor accumulation fails to satisfy the criteria for initiating an ideal technological transition.

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Vorheriges Kapitel A General Theory Review

Nächstes Kapitel State-Led Changes: Failures and Successes

Yangtze River is also known as the Long River (changjiang, 长江). In its narrow meanings, Yangtze River only refer to the lower stretch of the river near Yangzhou (扬州).

Mu, short for Chinese mu, is a unit of area to describe a size of land used in China. One mu is equal to one-fifteenth of a hectare or one-sixth of an acre.

Geertz (1963) uses this term to illustrate an ‘involution’ society caused by external factors. In Huang’s book (1990) reasons of involutionary society are endogenous.

But the phenomena only.

Actually, if we accept some economic estimations (e.g., Maddison 1998 [2007]), Chinese living standards were much better than in most Europe areas until nineteenth century.

This is also known as a Malthusian trap.

As it supported population growth during the whole Qing period.

Assets that only designed for certain purpose, which is different from land and other simple tools.

This increment or excess over the original value called ‘surplus-value”—from Karl Marx’s Capital (1867 [1977]).

And most of the world.

Also see, Inada conditions (Inada 1963).

Known as golden rule in the Solow–Swan growth model (Solow 1956; Swan 1956).

Which at least can allow factors to get the same price among all sectors.

This is also known as factor price equalisation theorem.

Here, we consider Pomeranz’s theory as an extended version of involution theory.

Solow residual means the part of growth that cannot be explained through the Solow model, which implies externalities between factors.

Especially Qing and Ming dynasties.

As we can see in the pre-industrial world, domestic and international trade and financial system also work, especially from the fifteenth to seventeenth centuries.

However, Braudel may not agree that institution is the key to understand the rise of modern economy.

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Titel: Economic Thinking on Chinese Agriculture
verfasst von: Jun Du
Verlag: Springer International Publishing
Buch: Agricultural Transition in China
Print ISBN: 978-3-319-76904-2

Electronic ISBN: 978-3-319-76905-9

Copyright-Jahr: 2018
DOI: https://doi.org/10.1007/978-3-319-76905-9_2

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