Finances locales

Managing the Risk of Crisis in Public Finance in Asia: a Pre-study on the Fiscal Mentality of Imperial China and its Surrounding Countries

Managing the Risk of Crisis in Public Finance in Asia: a Pre-study on the Fiscal Mentality of Imperial China and its Surrounding Countries

¹ Professor, College of Law, Chinese Culture University, Taiwan
² Professor, Graduate School of Economics and Management, Tohoku University, Japan

Résumé

A financial crisis can somehow imply an aspect of social crisis but a social crisis usually reflects the crisis of the society per se, and therefore the historical and cultural background as well as the legal and financial system therefrom. In the case of Asia, the context should add another storyline of the reception and integration of western ideas, including, inter alia, justification of taxation and its implication on government intervention. This paper examines such elements in the form of dialogue with historical accounts of traditional Chinese thoughts.

Abstract

A financial crisis can somehow imply an aspect of social crisis but a social crisis usually reflects the crisis of the society per se, and therefore the historical and cultural background as well as the legal and financial system therefrom. In the case of Asia, the context should add another storyline of the reception and integration of western ideas, including, inter alia, justification of taxation and its implication on government intervention. This paper examines such elements in the form of dialogue with historical accounts of traditional Chinese thoughts.