Confucian Statecraft and Korean Institutions. Yu Hyongwon and the Late Choson Dynasty - James B. Palais

892 FINANCIAL REFORM AND THE ECONOMY from the supply of food and clothing, and former rulers used it to store wealth, govern the ...

Yu's ANALYSIS OF CURRENCY 893 cials to commoners, merchants, innkeepers, and monks would be allowed to keep more than 5,000 stri ...

894 FINANCIAL REFORM AND THE ECONOMY to achieve this was by restraining the accumulation of vast estates by limiting the maximum ...

Yu's ANALYSIS OF CURRENCY 895 the only scholar who viewed cash with a certain ambivalence. Lii Tsu-ch'ien (1137-81) of the South ...

896 FINANCIAL REFORM AND THE ECONOMY Since the economy should depend primarily on the production of food and textiles, cash shou ...

Yu 's A N A L Y SIS 0 F CUR R ENe Y 897 divert attention away from the production of food and clothing. In this instance, I woul ...

898 FINANCIAL REFORM AND THE ECONOMY string of cash, theoretically a thousand coins. One might well speculate that the main stim ...

Yu's ANALYSIS OF CURRENCY 899 and labor that went into its production. A single bill of the paper money (ch GO) of the Sung and ...

900 FINANCIAL REFORM AND THE ECONOMY ments of exchange, bills, drafts, or more modem banking arrangements. Curi- ously, even tho ...

Yu's ANALYSIS OF CURRENCY 901 basing their business on calculations of current market conditions rather than on some classical m ...

902 FINANCIAL REFORM AND THE ECONOMY Mark Elvin has argued that conservative economic policies restricted the vol- ume of cash i ...

Yu's ANALYSIS OF CURRENCY 903 shops to accept cash in 1104, presumably because the new cash had not been welcomed by the populat ...

904 FINANCIAL REFORM AND THE ECONOMY pie in general preferred the status quo to reform and lacked the patience to test new progr ...

Yu's ANALYSIS OF CURRENCY 905 Kingdoms period.3^9 It also noted that so-called silver jar money (iinhynng) had also circulated w ...

906 FINANCIAL REFORM AND THE ECONOMY to him that a large amount of copper had been used by the Korean people to make bowls, basi ...

Yu's ANALYSIS OF CURRENCY 907 Yu's Formula and Early Chason Experience Yu did not discuss the specific attempts to promote the c ...

908 FINANCIAL REFORM AND THE ECONOMY mainly on punishment to coerce the use of paper bills. However, from 14IO to 1415 he requir ...

Yu's ANALYSIS OF CURRENCY 909 natural forces. In other words, the wisdom ofYu's emphasis on the need for guid- ance and leadersh ...

910 FINANCIAL REFORM AND THE ECONOMY ferent from the Chinese. He declared that the reason "why currency does not circulate is no ...

Yu's ANALYSIS OF CURRENCY 911 and the cost of labor, which might otherwise open the door to counterfeiting or the destmction [me ...