Peng, Hsiao Ping; Chang, Ming Chung - In: The European Journal of the History of Economic Thought 19 (2012) 5, pp. 691-708
<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...