Long-term changes in prices, wages and the size of the monetary economy in pre-industrial China 1000-1770
遗大投艰集 : 纪念梁方仲教授诞辰一百周年(上)
Would historians have viewed China in the post-Song time as a transition from a major leading civilization towards a stagnant agrarian empire, even though it still could sustain a population as large as 0.3 billion in 1775. In a seminal comparative study of economic growth in world history, the economic historian Eric Jones makes the startling argument that Song China exhibited intensive growth (economic growth per capita), preceding both Tokugawa Japan and seventeenth-century Britain by more than five centuries.
While Jones does point to the rise in real income per capita during the Song period, it seems to me that one of the implicit questions generated by his study is the following: why did the intensive growth fail to continue in the ensuing dynasties? Were social upheavals such as the Mongol invasion one crucial factor in this downward turn?
ISBN of the source publication: 9787218084985
Liu, G. W. (2012). Long-term changes in prices, wages and the size of the monetary economy in pre-industrial China 1000-1770. In 陈春声, 刘志伟(Eds.), 遗大投艰集 : 纪念梁方仲教授诞辰一百周年 (pp.437-499). Guangzhou: Guangdong Peoples Publishing House.