IDEAS home Printed from https://ideas.repec.org/a/oup/cambje/v42y2018i5p1239-1254..html
   My bibliography  Save this article

Wang Anshi’s economic reforms: proto-Keynesian economic policy in Song Dynasty China

Author

Listed:
  • Xuan Zhao
  • Wolfgang Drechsler

Abstract

The parallel between the economic reforms of Chinese Song Dynasty Chancellor Wang Anshi and those associated with Keynesianism has been rather neglected so far. However, understanding the original ideas of Wang Anshi’s economic thought and his reform policies, and comparing those with John Maynard Keynes’, we argue that Wang Anshi’s reforms well deserve the label of ‘proto-Keynesianism’. Both sides reach a consensus about the importance of government’s expenditure to support aggregate demand, increasing inducement to invest and state control of the economy in order to combat economic depression, especially as regards unemployment.

Suggested Citation

  • Xuan Zhao & Wolfgang Drechsler, 2018. "Wang Anshi’s economic reforms: proto-Keynesian economic policy in Song Dynasty China," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 42(5), pages 1239-1254.
    • Handle: RePEc:oup:cambje:v:42:y:2018:i:5:p:1239-1254.
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1093/cje/bex087
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:cambje:v:42:y:2018:i:5:p:1239-1254.. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://academic.oup.com/cje .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.