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  • Niv Horesh (a1)

The aim of this brief survey is to provide a critical review of studies of China's economic history recently published by prominent Western scholars. It will explore two veins of scholarly debates that underlie Western perceptions of both China's past and its trajectory of future development, and also consider the historic significance of joint-stock enterprise in China as opposed to Britain and Japan.

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Alborn 1998 Alborn Timothy L.Conceiving Companies: Joint-Stock Politics in Victorian England. London: Routledge, 1998.
Ash 1976 Ash Robert. Land Tenure in Pre-Revolutionary China: Kiangsu Province in the 1920s and 1930s [Research Notes and Studies No. 1]. London: University of London, School of Oriental and African Studies, Contemporary China Institute, 1976.
Balazs 1964 Balazs Etienne. Chinese Civilization and Bureaucracy. New Haven: Yale University Press, 1964.
Bowen and Rose 1998 Bowen J.Ray and David C. Rose. “On the Absence of Privately Owned, Publicly Traded Corporations in China: The Kirby Puzzle.” Journal of Asian Studies 57:2 (1998), pp. 442–52.
Brandt 1989 Brandt Loren. Commercialization and Agricultural Development: Central and Eastern China, 1870–1937. New York: Cambridge University Press, 1989.
Brandt 2000 Brandt Loren. “Reflections on China's Late Nineteenth and Early Twentieth Century.” In Reappraising Republican China, ed. Wakeman Frederic and Edmonds Richard L.. New York: Oxford University Press, 2000, pp. 2854.
Broadberry and Gupta 2006 Broadberry Stephen and Gupta Bishnupriya. “The Early Modern Great Divergence: Wages, Prices and Economic Development in Europe and Asia, 1500–1800.” Economic History Review 59:1 (2006), pp. 231.
Cameron 1967 Cameron Rondo. “England, 1750–1844.” In Banking in the Early Stages of Industrialization: A Study in Comparative Economic History, ed. Crisp Olga, Patrick Hugh T. and Tilly Richard. New York: Oxford University Press, 1967, pp. 1559.
Carlos and Nicholas 1988 Carlos Ann M. and Nicholas Stephen. “‘Giants of an Earlier Capitalism’: The Chartered Trading Companies as Modern Multinationals.” Business History Review 62 (1988), pp. 398419.
Chakepaichayon 1982 Chakepaichayon Vichian. Meiji shoki no kaisha kigyō (2) – 81 sha no teikan bunseki 明治初期の会社企業 (2) – 81 社の定款分析 [Joint-Stock Companies in the Early Meiji Era (2): An Analysis of 81 Articles of Corporations]. Ōsaka daigaku keizaigaku 32:1 (1982), pp. 6687.
Chan 1977 Chan Wellington K. K.Merchants, Mandarins, and Modern Enterprise in Late Ch'ing China. Cambridge, MA: Harvard University Press, 1977.
Chandler 1977 Chandler Alfred D.The Visible Hand: The Managerial Revolution in American Business. Cambridge, MA: Belknap Press, 1977.
Chang 1962 Chang Chung-li. The Income of the Chinese Gentry. Seattle: University of Washington Press, 1962.
Davis and North 1971 Davis Lance E. and North Douglass C.. Institutional Change and American Economic Growth. London: Cambridge University Press, 1971.
De Bary 1991 De Bary William T.The Trouble with Confucianism. Cambridge, MA: Harvard University Press, 1991.
De Vries 1976 De Vries Jan. Economy of Europe in an Age of Crisis. Cambridge, UK: Cambridge University Press, 1976.
Elvin 1973 Elvin Mark. The Pattern of the Chinese Past. London: Eyre Methuen, 1973.
Elvin 1981 Elvin Mark. “Making Progress Pay – a Basic Problem in China's Early Economic Modernization.” In Symposium on the History of the Republic of China, vol. 3 (Northern Expedition and Period of Political Tutelage). Taipei, Taiwan: Compilation Committee of the Symposium on the History of the Republic of China, pp. 254–86.
Elvin 2001 Elvin Mark. Book Review. China Quarterly 167 (2001), pp. 754–58.
Elvin 2004 Elvin Mark. “Some Reflections on the Use of ‘Styles of Scientific Thinking’ to Disaggregate and Sharpen Comparisons Between China and Europe from Song to Mid-Qing Times (960–1850 CE).” History of Technology 25 (2004), pp. 53103.
Esherick 1991 Esherick Joseph. Book Review. Journal of Economic History 51:2 (1991), pp. 501–03.
Faure 2006 Faure David. China and Capitalism: A History Business Enterprise in Modern China. Hong Kong: Hong Kong University Press, 2006.
Fox 1994 Fox Josephine J.Access to Work in Republican China: Technology, Patronage and Industrial Conflict. Unpublished PhD dissertation. Australian National University.
Frank 1998 Frank Andre Gunder. ReOrient: Global Economy in the Asian Age. Berkeley: University of California Press, 1998.
Feuerwerker 1958 Feuerwerker Albert. China's Early Industrialization: Sheng Hsuan-huai (1844–1916) and the Mandarin Enterprise. Cambridge, MA: Harvard University Press, 1958.
Gardella 1992 Gardella Robert. “Squaring Accounts: Commercial Bookkeeping Methods and Capitalist Rationalism in Late Qing and Republican China.” Journal of Asian Studies 51:2 (1992), pp. 317–39.
Gerschenkron 1966 Gerschenkron Alexander. Economic Backwardness in Historical Perspective: a Book of Essays. Cambridge, MA: Harvard University Press, 1966.
Goetzmann and Köll 2004 Goetzmann William N., and Köll Elisabeth. “The History of Corporate Ownership in China: State Patronage, Company Legislation, and the Issue of Control.” Yale International Centre for Finance Working Paper no. 4–29.
Goldstone 1996 Goldstone Jack A.Gender, Work and Culture: Why the Industrial Revolution Came Early to England but Late to China.” Sociological Perspectives 39:1 (1996), pp. 121.
Goldstone 2002 Goldstone Jack A.Efflorescences and Economic Growth in World History: Rethinking ‘The Rise of the West’ and the Industrial Revolution.” Journal of World History 13:2 (2002), pp. 323–89.
Greif 2005 Greif Avner. “Institutions and the Path to the Modern Economy: Lessons from Medieval Trade.” In Handbook of New Institutional Economics, ed. Ménard Claude and Shirley Mary M.. New York: Springer, 2005, pp. 727–86.
Hobson 2004 Hobson John M.The Eastern Origins of Western Civilisation. New York: Cambridge University Press, 2004.
Horesh 2007 Horesh Niv. “The Bund and Beyond: Rethinking the Sino-Foreign Financial Grid in Prewar Shanghai.” The China Review 7:1 (2007), pp. 126.
Hsiao 1974 Hsiao Liang-lin. China's Foreign Trade Statistics, 18641949. Cambridge, MA: Harvard University Press, 1974.
Huang 1990 Huang Philip C.The Peasant Family and Rural Development in the Yangzi Delta, 1350–1988. Stanford, CA: Stanford University Press, 1990.
Isett 2007 Isett Christopher M.State, Peasant, and Merchant in Qing Manchuria, 1644–1862. Stanford, CA: Stanford University Press, 2007.
Ishii 2007 Ishii Kanji 石井寛治. Keizai hatten to ryōgaeshō kin'yū 経済発展と両替商金融 [Economic Development and Finance of Moneychangers]. Tokyo: Yūhikaku, 2007.
Kirby 1995 Kirby William C.China Unincorporated: Company Law and Business Enterprise in Twentieth-Century China.” Journal of Asian Studies 54:1 (1995), pp. 4363.
Kiser and Tong 1992 Kiser Edgar and Xiaoxi Tong. “Determinants of the Amount and Type of Corruption in State Fiscal Bureaucracies: an Analysis of Late Imperial China.” Comparative Political Studies 25:3 (1992), pp. 300–31.
Kuroda 2006 Kuroda Akinobu. “Too Commercialised to Synchronise Currencies: Monetary Peasant Economy in Late Imperial China in Comparison with Contemporary Japan.” Proceedings of the XIV International Economic History Congress. Helsinki 2006. Available for download at (accessed 6 October 2008).
Landes 2003 Landes David S.Unbound Prometheus: Technological Change and Industrial Development in Western Europe from 1750 to the Present [new edition]. New York: Cambridge University Press, 2003.
Li 1998 Li Bozhong. Agricultural Development in Jiangnan, 1620–1850. New York: St. Martin's Press, 1998.
Li 2007 Li Lillian M.Fighting Famine in North China: State, Market, and Environmental Decline, 1690s–1990s. Stanford, CA: Stanford University Press, 2007.
Lippit 1978 Lippit Victor D.The Development of Underdevelopment in China.” Modern China 4:3 (1978), pp. 251328.
Little 1992 Little Daniel. Book Review. Economic Development and Cultural Change 40:2 (1992), pp. 425–32.
Ma 2004 Ma Debin. “Growth, Institutions and Knowledge: a Review and Reflection on the Historiography of Eighteenth–Twentieth Century China.” Australian Economic History Review 44:3 (2004), pp. 259–77.
Ma 2008 Ma Debin. “Economic Growth in the Lower Yangzi Region of China in 1911–1937: a Quantitative and Historical Analysis.” Journal of Economic History 68:2 (2008), pp. 355–92.
Michie 1999 Michie Ranald C.The London Stock Exchange: a History. New York: Oxford University Press, 1999.
Minami 1994 Minami Ryoshin. The Economic Development of China: a Comparison with the Japanese Experience. London: Macmillan, 1994.
Mitchener and Ohnuki 2008 Mitchener Kris J. and Ohnuki Mari. “Institutions, Competition, and Capital Market Integration in Japan.” NBER Working Paper 14090.
Miwa and Ramseyer 2002 Miwa Yoshiro and Ramseyer J. Mark. “Banks and Economic Growth: Implications from Japanese History.” Journal of Law and Economics 45 (2002), pp. 127–64.
Mokyr 1976 Mokyr Joel. Industrialization in the Low Countries, 1795–1850. New Haven: Yale University Press, 1976.
Morck and Nakamura 2005 Morck Randall K. and Nakamura Masao. “A Frog in a Well Knows Nothing of the Ocean: A History of Corporate Ownership in Japan.” In A History of Corporate Governance Around the World: Family Business Groups to Professional Managers, ed. Morck Randall K.. Chicago: University of Chicago Press, 2005, pp. 367465.
Mosk 2001 Mosk Carl. Japanese Industrial History: Technology, Urbanization, and Economic Growth. New York: M. E. Sharpe, 2001.
Myers 1991 Myers Ramon H.How Did the Modern Chinese Economy Develop? A Review Article.” Journal of Asian Studies 50:3 (1991), pp. 604–28.
Nobutaka 1954 Nobutaka Ike. “The Pattern of Railway Development in Japan.” The Far Eastern Quarterly 14:1 (1954), pp. 217–29.
Noda 1980 Noda Masaho 野田正穂. Nihon shōken shijō seiritsu 日本証券市場成立史 [History of the Japanese Securities Markets]. Tokyo: Yūhikaku, 1980.
North 1973 North Douglass C. and Thomas Robert. The Rise of the Western World: a New Economic History. Cambridge, UK: Cambridge University Press, 1973.
Oi and Waldre 1999 Oi Jean C. and Waldre Andrew G., eds., Property Rights and Economic Reform in China. Stanford, CA: Stanford University Press, 1999.
Perdue 1987 Perdue Peter C.Exhausting the Earth: State and Peasant in Hunan, 1500–1850. Cambridge, MA: Harvard University Press, 1987.
Perkins 1969 Perkins Dwight H.Agricultural Development in China. Chicago: Aldine, 1969.
Pomeranz 1993 Pomeranz Kenneth. The Making of a Hinterland: State, Society, and Economy in Inland North China, 1853–1937. Berkeley: University of California Press, 1993.
Pomeranz 2000 Pomeranz Kenneth. The Great Divergence: Europe, China and the Making of the Modern World Economy. Princeton, NJ: Princeton University Press, 2000.
Rajan and Zingales 2003 Rajan Raghuram G. and Zingales Luigi. “The Great Reversals: The Politics of Financial Development in the Twentieth Century.” Journal of Financial Economics 69:1 (2003), pp. 550.
Rawski 1989 Rawski Thomas G.Economic Growth in Prewar China. Berkeley: University of California Press, 1989.
Riskin 1978 Riskin Carl. “The Symposium on China's Economic History: Discussion and Comments.” Modern China 4:3 (1978), pp. 359–76.
Rosenberg and Birdzell, Jr., 1985 Rosenberg Nathan and Birdzell L. E. Jr.How the West Grew Rich: the Economic Transformation of the Industrial World. New York: Basic Books, 1985.
Rowe 1984 Rowe William T.Hankow: Commerce and Society in a Chinese City, 1796–1889. Stanford, CA: Stanford University Press, 1984.
Rozelle 1992 Rozelle Scott. “Contemporary Reflections on Development in Republican China.” Republican China 18:1 (1992), pp. 122–45.
Schran 1978 Schran Peter. “China's Demographic Evolution 1850–1953 Reconsidered.” The China Quarterly 75 (1978), pp. 639–46.
Scott 1912 Scott William R.The Constitution and Finance of English, Scottish and Irish Joint-Stock Companies to 1720 [3 vols.]. Cambridge, UK: Cambridge University Press, 1912.
Shiba 1968 Shiba Yoshinobu. Sōdai shōgyōshi kenkyū 宋代商業史研究 [The Mercantile History of the Song Dynasty]. Tokyo: Kazama shobō, 1968.
Shiue 2002 Shiue Carol H. 2002. “Transport Costs and the Geography of Arbitrage in Eighteenth-Century China.” American Economic Review 92:5 (2002), pp. 1406–19.
Shiue and Keller 2004 Shiue Carol H. and Keller Wolfgang. “Markets in China and Europe on the Eve of the Industrial Revolution.” National Bureau of Economic Research Working Paper 10778, pp. 145.
Skinner 1993 Skinner G. William. Marketing and Social Structure in Rural China. Ann Arbor, MI: Association for Asian Studies, 1993.
So 1986 So Alvin Y.The South China Silk District: Local Historical Transformation and World-System Theory. Albany, NY: State University of New York Press, 1986.
Sugihara 2007 Sugihara Kaoru. “Labour-Intensive Industrialisation in Global History.” Australian Economic History Review 47:2 (2007), pp. 121–54.
Suzuki et al. 2005 Suzuki Tsuneo 鈴木恒夫, Yoichi Kobayakawa 小早川洋一 and Kazuo Wada 和田一夫. Meiji 31 nenji ni okeru menshi bōseki kaisha kabunushi meibo no bunseki 明治 31 年時における綿糸紡績会社株主名簿の分析 [An Analysis of Shareholders' Lists for 60 Cotton Spinning Companies in 1898]. University of Tokyo, Centre for International Research on the Japanese Economy. Discussion Paper J-129.
Taylor 2006 Taylor James. Creating Capitalism: Joint-Stock Enterprise in British Politics and Culture, 1800–1870. Rochester, NY: Royal Historical Society/Boydell Press, 2006.
Thomas 2001 Thomas W. A.Western Capitalism in China: a History of the Shanghai Stock Exchange. Aldershot, UK: Ashgate, 2001.
Tsurumi 2002 Tsurumi Masayoshi 靎見誠良. “Kindai no kahei shin'yō” 近代の貨幣信用 [Early Modern Currency and Credit]. In Ryūtsū keizaishi 流通経済史 [History of Circulating Currencies and Goods], ed. Eiji Sakurai 桜井英治 and Satoru Nakanishi 中西聡. Tokyo: Yamakawa, 2002, pp. 470513.
Tortella 2000 Tortella Gabriel. The Development of Modern Spain: An Economic History of the Nineteenth and Twentieth Centuries. Trans. from the Spanish by Herr Valerie J.. Cambridge, MA: Harvard University Press, 2000.
Van der Eng 2004 Van der Eng Pierre. “Economic History of Asia: Comparative Perspectives.” Australian Economic History Review 44:3 (2004), pp. 215–20.
Vries 2003 Vries Peer. “Via Peking Back to Manchester: Britain, the Industrial Revolution, and China.” Studies in Overseas History 4 (2003), pp. 1109.
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Weber 1951 Weber Max. The Religion of China: Confucianism and Taoism. Trans. from the German by Gert Hans H.. New York: Macmillan [1922], 1951.
Wiens 1992 Wiens Thomas B.Trends in the Late Qing and Republican Rural Economy: Reality or Illusion?” Republican China 18:1 (1992), pp. 6376.
Wittfogel 1957 Wittfogel Karl August. Oriental Despotism: a Comparative Study of Total Power. New Haven: Yale University Press, 1957.
Wong 1997 Wong R. Bin. China Transformed: Historical Change and the Limits of European Experience. Ithaca, NY: Cornell University Press, 1997.
Wright 2000 Wright Tim. “Distant Thunder: The Regional Economies of Southwest China and the Impact of the Great Depression.” Modern Asian Studies 34:3 (2000), pp. 697738.
Zelin 1988 Zelin Madeleine. “Capital Accumulation and Investment Strategies in Early Modern China: the Case of the Furong Salt Yard.” Late Imperial China 9:1 (1988), pp. 79122.
Zelin 1998 Zelin Madeleine. “Critique of Scholarship on Chinese Business in the People's Republic of China and Taiwan.” Chinese Studies in History 31:3–4 (1998), pp. 95105.
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International Journal of Asian Studies
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