By Hu Ji Chuang
The book's illuminating proof and profound research display the noteworthy achievements in historic China'seconomic concept, giving it its due within the historical past of worldwide financial inspiration.
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Extra info for A Concise History Of Chinese Economic Thought
C. D. We are not quite certain whether Fan Li was the sole creator of the theory, but we do know for sure that he was responsible for systematizing the theory in the discourses of "ji ran," attributed to Fan Li. The theory was developed on the basis of the achievements of astronomy at the time. Most scholars believe that scientific developments in ancient civilizations were generally motivated by the needs of agricultural production. sity of predicting the rise and fall of the Nile River gave rise to its astronomy.
Thus he took the concepts of righteousness and material benefit as two natural tendencies in opposition to each other, belonging inherently to two antagonistic classes. This distinction and its associations wielded a tremendous influence in the ideological sphere for more than two thousand years, and not only in the sphere of economics. In the Analects it is said, "'Confucius seldom speaks of benefit. terial benefit and was therefore opposed to anyone's pursuing economic activities, particularly intellectuals.
Using the Western zodiac 8igns as equivalents, the situation would be as follows: If Jupiter 32 CHAPTER 1WO were in Libra, then it would be the year of Zi; in Scorpio, the year of Chou; in Sagittarius, the year of Yin and so on, until Jupiter entered Libra again and began the next twelve-year cycle. " 19 The cycle can be better understood in the light of the following passage: "After a period of three years, when the Year Star enters 'metal,' there will be a fine crop; after another three years, when it enters 'water: a bad crop; in another three years, when it enters 'wood,' a fine crop, and when it enters 'fire,' drought.