Paths toward the Modern Fiscal State
Wenkai He shows why England and Japan, facing crises in public finance, developed the tools and institutions of a modern fiscal state, while China, facing similar circumstances, did not. He’s explanation for China’s failure at a critical moment illuminates one of the most important but least understood transformations of the modern world.
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actors Bank of Japan banknotes Beijing Board of Revenue caizheng Cambridge University Press central collection central government China chubanshe collection of lijin copper coins copper notes credit crisis credit instruments crown’s currency customs Daigaku debt domain governments domestic early Meiji early modern Economic History eighteenth century English government excises expenditures foreign Fujian funds GCMC government’s governors Guangxu history of Japan Hubei Imperial indirect taxes Inoue Kaoru institutional development Ishin issue Iwanami Shoten Japanese Jiangsu Jiangxi keizai kenkyu Kindai land taxes late Qing lijin lijin duties long-term Matsukata Masayoshi Meiji government Meiji Restoration memorial merchants million tael million yen Ministry of Finance modern fiscal monetary money exchange offices Okuma Shigenobu opium Oxford Parliament percent political provincial governments public finance Qing government royal government Satsuma seisaku Shanghai Shanxi Sheng Xuanhuai Shibusawa Eiichi shogunate short-term silver notes tael tael of silver tax revenue taxation Tokugawa Tokyo zaisei Zhejiang Zhongguo ZJHZ