LEADER 04515nam 2200805Ia 450 001 9910963960503321 005 20250911110230.0 010 $a9780674074651 010 $a0674074653 010 $a9780674074637 010 $a0674074637 024 7 $a10.4159/harvard.9780674074637 035 $a(CKB)2550000001038971 035 $a(StDuBDS)AH25018207 035 $a(SSID)ssj0000835895 035 $a(PQKBManifestationID)11474307 035 $a(PQKBTitleCode)TC0000835895 035 $a(PQKBWorkID)10997613 035 $a(PQKB)11299653 035 $a(MiAaPQ)EBC3301237 035 $a(DE-B1597)209841 035 $a(OCoLC)828868950 035 $a(OCoLC)979575861 035 $a(OCoLC)984681229 035 $a(OCoLC)987949465 035 $a(OCoLC)992488806 035 $a(OCoLC)999378622 035 $a(DE-B1597)9780674074637 035 $a(Au-PeEL)EBL3301237 035 $a(CaPaEBR)ebr10664493 035 $a(Perlego)1148065 035 $a(EXLCZ)992550000001038971 100 $a20120817d2013 uy 0 101 0 $aeng 135 $aur||||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aPaths toward the modern fiscal state $eEngland, Japan, and China /$fWenkai He 205 $a1st ed. 210 $aCambridge, Mass. $cHarvard University Press$d2013 215 $a1 online resource (x, 313 p.) 300 $aFormerly CIP.$5Uk 311 08$a9780674072787 311 08$a0674072782 320 $aIncludes bibliographical references and index. 327 $tFrontmatter --$tCONTENTS --$tACKNOWLEDGMENTS --$tINTRODUCTION --$t1. CREDIT CRISES IN THE RISE OF THE MODERN FISCAL STATE --$t2. ENGLAND'S PATH, 1642-1752 --$t3. THE RAPID CENTRALIZATION OF PUBLIC FINANCE IN JAPAN, 1868-1880 --$t4. THE EMERGENCE OF THE MODERN FISCAL STATE IN JAPAN, 1880-1895 --$t5. ECONOMIC DISRUPTION AND THE FAILURE OF PAPER MONEY IN CHINA, 1851-1864 --$t6. THE PERSISTENCE OF FISCAL DE CENTRALIZAION IN CHINA, 1864-1911 --$tCONCLUSION --$tNOTES --$tBIBLIOGRAPHY --$tINDEX 330 $aThe rise of modern public finance revolutionized political economy. As governments learned to invest tax revenue in the long-term financial resources of the market, they vastly increased their administrative power and gained the ability to use fiscal, monetary, and financial policy to manage their economies. But why did the modern fiscal state emerge in some places and not in others? In approaching this question, Wenkai He compares the paths of three different nations-England, Japan, and China-to discover why some governments developed the tools and institutions of modern public finance, while others, facing similar circumstances, failed to do so. Focusing on three key periods of institutional development-the decades after the English Civil Wars, the Meiji Restoration, and the Taiping Rebellion-He demonstrates how each event precipitated a collapse of the existing institutions of public finance. Facing urgent calls for revenue, each government searched for new ways to make up the shortfall. These experiments took varied forms, from new methods of taxation to new credit arrangements. Yet, while England and Japan learned from their successes and failures how to deploy the tools of modern public finance and equipped themselves to become world powers, China did not. He's comparative historical analysis isolates the nature of the credit crisis confronting each state as the crucial factor in determining its specific trajectory. This perceptive and persuasive explanation for China's failure at a critical moment in its history illuminates one of the most important but least understood transformations of the modern world. 606 $aFinance, Public$zChina$xHistory 606 $aFinance, Public$zEngland$xHistory 606 $aFinance, Public$zJapan$xHistory 606 $aFiscal policy$zChina$xHistory 606 $aFiscal policy$zEngland$xHistory 606 $aFiscal policy$zJapan$xHistory 615 0$aFinance, Public$xHistory. 615 0$aFinance, Public$xHistory. 615 0$aFinance, Public$xHistory. 615 0$aFiscal policy$xHistory. 615 0$aFiscal policy$xHistory. 615 0$aFiscal policy$xHistory. 676 $a336.09 686 $aQL 100$2rvk 700 $aHe$b Wenkai$f1969-$pHKUST.$01848253 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910963960503321 996 $aPaths toward the modern fiscal state$94434573 997 $aUNINA