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  3. The Making of a New Rural Order in South China
  • Cited by 7
      • Volume 2: Merchants, Markets, and Lineages, 1500–1700
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    • Publisher:
      Cambridge University Press
      Publication date:
      June 2020
      July 2020
      ISBN:
      9781107261471
      9781107048515
      9781107658615
      DOI:
      https://doi.org/10.1017/9781107261471
      Dimensions:
      (228 x 152 mm)
      Weight & Pages:
      0.8kg, 482 Pages
      Dimensions:
      (229 x 152 mm)
      Weight & Pages:
      0.691kg, 482 Pages
      • Subjects:
      East Asian History, Area Studies, Asian Studies, History, Economic History
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    Subjects:
    East Asian History, Area Studies, Asian Studies, History, Economic History
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    Book description

    This volume is written for anyone who has wondered about the growth of Chinese businesses and their relation to Chinese family and government institutions. Making full use of its partner volume's findings on village institutions in the southern prefecture of Huizhou, this volume explains how late imperial China's key regional group of merchants emerged from this prefecture's village lineages. It identifies the strategies they deployed to overcome the serious obstacles to their domination of major financial transactions and commodity markets throughout much of China from 1500 to 1700. At the same time it describes how the commercial success enjoyed by these 'house firms' undermined their lineages' social stability, making them vulnerable to competition from popular religious cults back home. In recounting how rural and urban institutions interacted through state and economic development, McDermott provides a powerful new framework for understanding late imperial China's distinctive trajectory to social and economic transformation.

    Reviews

    ‘McDermott has written a significant … contribution to the study of merchants and finance in early modern China. Readers should come equipped with a willingness to work through extended narrative digressions and long assessments of conflicting evidence.’

    Ian M. Miller Source: Agricultural History

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