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Updated: May 8, 2025
Although the official economic thinking remained Confucian, i.e. anti-business and pro-agrarian, we find in this time insight in price laws, for instance, that peace times and/or decrease of population induce deflation. The government had always attempted to manipulate the prices by interference.
High gains in commerce prevented investment in industries, because they would give lower and later profits than commerce. From the nineteenth century on, more and more industrial goods were offered by importers which also prevented industrialization. Finally, the gentry basically remained anti-industrial and anti-business.
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