An ‘Accidental Revolution’ with Experimental Currencies in Song China, 960–1279 AD

Kent Deng ()
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Kent Deng: London School of Economics & Political Science

Chapter Chapter 6 in The European Miracle and Beyond, 2025, pp 131-175 from Palgrave Macmillan

Abstract: Abstract This chapter investigates the reasons why China suddenly broke off from its foregone tradition of agrarian dominance and opted for manufacturing and commerce. This new choice led to an array of changes geographically, demographically, commercially and fiscally. It also opened China up internationally. But China did not plan these changes ex ante. They all happened accidentally through trial and error.

Keywords: Song China; Currency experiments; Paper currency; Monetarisation; Gresham’s Law (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palscp:978-3-031-90248-2_6

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DOI: 10.1007/978-3-031-90248-2_6

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