The foundations of Chinese attitudes towards advocating luxury spending
<title>Abstract</title> In China, some scholars have argued that luxury spending is socially beneficial to equalise wealth, under the assumption that the total endowment of resources is a fixed amount. This argument is not only consistent with Confucianism but also might point to another lesser known side of Confucianism that the luxury spending of the rich can be regarded as a wealth-transferring mechanism. Furthermore, luxury spending was encouraged for purposes of enjoyment; it did not involve the consideration of power and protection. This is in sharp contrast to the extravagance of the European nobility; their intention was to maintain a hierarchical structure.
Year of publication: |
2012
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Authors: | Peng, Hsiao Ping ; Chang, Ming Chung |
Published in: |
The European Journal of the History of Economic Thought. - Taylor & Francis Journals, ISSN 0967-2567. - Vol. 19.2012, 5, p. 691-708
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Publisher: |
Taylor & Francis Journals |
Saved in:
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