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Paths toward the Modern Fiscal State : England, Japan, and China / Wenkai He.

By: Material type: TextTextPublisher: Cambridge, MA : Harvard University Press, [2013]Copyright date: ©2013Description: 1 online resource (325 p.) : 1 line illustration, 7 graphs, 1 tableContent type:
Media type:
Carrier type:
ISBN:
  • 9780674072787
  • 9780674074637
Subject(s): DDC classification:
  • 336.09 23
LOC classification:
  • HJ235 .H43 2013eb
Other classification:
  • online - DeGruyter
Online resources: Available additional physical forms:
  • Issued also in print.
Contents:
Frontmatter -- CONTENTS -- ACKNOWLEDGMENTS -- INTRODUCTION -- 1. CREDIT CRISES IN THE RISE OF THE MODERN FISCAL STATE -- 2. ENGLAND'S PATH, 1642-1752 -- 3. THE RAPID CENTRALIZATION OF PUBLIC FINANCE IN JAPAN, 1868-1880 -- 4. THE EMERGENCE OF THE MODERN FISCAL STATE IN JAPAN, 1880-1895 -- 5. ECONOMIC DISRUPTION AND THE FAILURE OF PAPER MONEY IN CHINA, 1851-1864 -- 6. THE PERSISTENCE OF FISCAL DE CENTRALIZAION IN CHINA, 1864-1911 -- CONCLUSION -- NOTES -- BIBLIOGRAPHY -- INDEX
Summary: The rise of modern public finance revolutionized political economy. As governments learned to invest tax revenue in the long-term financial resources of the market, they vastly increased their administrative power and gained the ability to use fiscal, monetary, and financial policy to manage their economies. But why did the modern fiscal state emerge in some places and not in others? In approaching this question, Wenkai He compares the paths of three different nations-England, Japan, and China-to discover why some governments developed the tools and institutions of modern public finance, while others, facing similar circumstances, failed to do so. Focusing on three key periods of institutional development-the decades after the English Civil Wars, the Meiji Restoration, and the Taiping Rebellion-He demonstrates how each event precipitated a collapse of the existing institutions of public finance. Facing urgent calls for revenue, each government searched for new ways to make up the shortfall. These experiments took varied forms, from new methods of taxation to new credit arrangements. Yet, while England and Japan learned from their successes and failures how to deploy the tools of modern public finance and equipped themselves to become world powers, China did not. He's comparative historical analysis isolates the nature of the credit crisis confronting each state as the crucial factor in determining its specific trajectory. This perceptive and persuasive explanation for China's failure at a critical moment in its history illuminates one of the most important but least understood transformations of the modern world.
Holdings
Item type Current library Call number URL Status Notes Barcode
eBook eBook Biblioteca "Angelicum" Pont. Univ. S.Tommaso d'Aquino Nuvola online online - DeGruyter (Browse shelf(Opens below)) Online access Not for loan (Accesso limitato) Accesso per gli utenti autorizzati / Access for authorized users (dgr)9780674074637

Frontmatter -- CONTENTS -- ACKNOWLEDGMENTS -- INTRODUCTION -- 1. CREDIT CRISES IN THE RISE OF THE MODERN FISCAL STATE -- 2. ENGLAND'S PATH, 1642-1752 -- 3. THE RAPID CENTRALIZATION OF PUBLIC FINANCE IN JAPAN, 1868-1880 -- 4. THE EMERGENCE OF THE MODERN FISCAL STATE IN JAPAN, 1880-1895 -- 5. ECONOMIC DISRUPTION AND THE FAILURE OF PAPER MONEY IN CHINA, 1851-1864 -- 6. THE PERSISTENCE OF FISCAL DE CENTRALIZAION IN CHINA, 1864-1911 -- CONCLUSION -- NOTES -- BIBLIOGRAPHY -- INDEX

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http://purl.org/coar/access_right/c_16ec

The rise of modern public finance revolutionized political economy. As governments learned to invest tax revenue in the long-term financial resources of the market, they vastly increased their administrative power and gained the ability to use fiscal, monetary, and financial policy to manage their economies. But why did the modern fiscal state emerge in some places and not in others? In approaching this question, Wenkai He compares the paths of three different nations-England, Japan, and China-to discover why some governments developed the tools and institutions of modern public finance, while others, facing similar circumstances, failed to do so. Focusing on three key periods of institutional development-the decades after the English Civil Wars, the Meiji Restoration, and the Taiping Rebellion-He demonstrates how each event precipitated a collapse of the existing institutions of public finance. Facing urgent calls for revenue, each government searched for new ways to make up the shortfall. These experiments took varied forms, from new methods of taxation to new credit arrangements. Yet, while England and Japan learned from their successes and failures how to deploy the tools of modern public finance and equipped themselves to become world powers, China did not. He's comparative historical analysis isolates the nature of the credit crisis confronting each state as the crucial factor in determining its specific trajectory. This perceptive and persuasive explanation for China's failure at a critical moment in its history illuminates one of the most important but least understood transformations of the modern world.

Issued also in print.

Mode of access: Internet via World Wide Web.

In English.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 30. Aug 2021)