Readings in Economics for China: Selected Materials with Explanatory Introductions |
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Common terms and phrases
agriculture amount average Canton capital cent century changes chapter China China proper Chinese laborers circulation climate commercial competition corporation cost crops cultivation currency demand dollars economic economic rent economists existence expenditure export fact Finance foreign forest gold exchange standard gold standard Hongkong Hongkong and Shanghai Igorots important income increase India individual industrial Industrial Revolution interest jade Japan land less living Manchu manufacture means ment merchants modern monopoly Negritos organization party payment Peking period picul political population practice present problem production profits province railways rent Reprinted by permission result river salt Shanghai Shanghai Banking shares silver silver standard social Socialist society square mile student Subanuns subsidiary coin supply tael things Tientsin tion to-day token coins trade village wages wealth Western Yuan Shih-kai
Popular passages
Page 38 - They have abundance of trees, and are full of autumnal fruit, both that which grows wild, and that which is the effect of cultivation. They are not naturally watered by many rivers, but derive their chief moisture from rain-water, of which they have no want...
Page 671 - ... the socialization of land, all private property in land is abolished, and the entire land is declared to be national property and is to be apportioned among husbandmen without any compensation to the former owners, in the measure of each one's ability to till it.
Page 517 - And there is no sharp line of division between floating capital and that which has been "sunk" for a special branch of production, nor between new and old investments of capital; each group shades into the other gradually. And thus even the rent of land is seen, not as a thing by itself, but as the leading species of a large genus...
Page 536 - It was not until 1888, -and then after a prolonged war of more than thirty years, generaled by the best scientists of all Europe, that it was finally conceded as demonstrated that leguminous plants acting as hosts for lower organisms living on their roots are largely responsible for the maintenance of soil nitrogen, drawing it directly from the air to which it is returned through the processes of decay. But centuries of practice had taught the Far East farmers that the culture and use of these crops...
Page 464 - T'ang, for example, it rose to 5.8. During others, as the Sung, it was only a fraction over 2 persons, according to Sacharoff, though Biot contends that in this period it was a fraction more than 5 persons, as in the preceding period of the T'ang. Under the Yuan dynasty, according to Amiot, the "household...
Page 354 - Since the Indian system has been perfected and its provisions generally known, it has been widely imitated both in Asia and elsewhere. In 1903 the government of the United States introduced a system avowedly based on it into the Philippines.
Page 526 - ... countries. We have now had this opportunity and almost every day we were instructed, surprised and amazed at the conditions and practices which confronted us whichever way we turned; instructed in the ways and extent to which these nations for centuries have been and are conserving and utilizing their natural resources, surprised at the magnitude of the returns they are getting from their fields...
Page 531 - Illinois, we talked with a farmer who followed his crop of wheat on his small holding with one of onions and the onions with cabbage, realizing from the three crops at the rate of $163, gold, per acre; and with another who planted Irish potatoes at the earliest opportunity in the spring, marketing them when small, and following these with radishes, the radishes with cabbage, realizing from the three crops at the rate of $203 per acre. . Nearly 500,000,000 people are being maintained, chiefly upon...
Page 325 - This seems confusion, but we are not yet at the end. Up to this point we have dealt only with the weight on the scale, but now comes in the question of the fineness of the silver with which payment is made. At Chungking three qualities of silver are in L common use —
Page 23 - ... higher uses. Economics is therefore both the creature and the creator. It is the creature of the past ; it is the creator of the future. Correctly conceived, adequately outlined, fearlessly developed, it is the prop of ethical upbuilding, it is the basis of social progress.