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UID:200@harvard-yenching.org
DTSTART;TZID=America/New_York:20150306T100000
DTEND;TZID=America/New_York:20150306T173000
DTSTAMP:20201027T004209Z
URL:https://www.harvard-yenching.org/events/revisiting-markets-and-institu
 tions-early-modern-east-asia/
SUMMARY:Revisiting Markets and Institutions in Early Modern East Asia: Beyo
 nd Exceptionalism and Generalization
DESCRIPTION:\n	A workshop organized by Kuroda Akinobu (U Tokyo/Harvard) an
 d David Howell (Harvard) in cooperation with the Harvard-Yenching Institut
 e and the Japan Society for the Promotion of Science (Project No. 26285073
 )\n\n\n	PRESENTATIONS\n\n	Part 1　10:00 am - 11:25 am\n\n	Chaired by Sun 
 Joo Kim (Harvard University)\n\n	Kuroda\, Akinobu - The Characters of Mar
 ket: Comparison between China and Japan in 19th Century\n\n	Rhee\, Young H
 oon (Seoul National University) - What Were Prices in the 19th Century Se
 oul\, Korea?\n\n	Part 2  11:35 am - 1:00 pm\n\n	Chaired by Elizabeth Perr
 y (Harvard University/Harvard-Yenching Institute)\n\n	David Howell (Harvar
 d University) - Market Troubles in a Collapsing Regime: Night Soil in Edo
 \, 1867\n\n	Takatsuki\, Yasuo (Kobe University) - Property Rights Protect
 ion in 18th century Japan Revisited\; the Case of Rice Backed Security Exc
 hange Market\n\n	Lunch  1: 00 pm - 2:00 pm\n\n	Part 3  2:00 pm - 3:25 pm
 \n\n	Chaired by Elisabeth Köll (Harvard Business School)\n\n	Elisabeth K
 aske (Carnegie Mellon University) - From Privilege to Market: Conceiving 
 Government Bonds in Qing China and Meiji Japan\n\n	Maura Dykstra (UCLA/Har
 vard University) - Anonymity\, Place\, Authority\, and the Court of Chong
 qing: Exploring the Relationship between Qing Long-distance Commercial Pra
 ctices and Imperial Jurisdiction from 1750 to 1911\n\n	Part 4  3:35pm - 5
 :30 pm\n\n	DISCUSSION  Chaired by Michael Puett (Harvard University)\n\n	
 Comments \n\n	Jane Guyer (Johns Hopkins University) Anthropology\, Africa
 n Studies read by organiser\n	Craig Muldrew (University of Cambridge) Euro
 pean Early Modern History\n	Peter Perdue (Yale University) Chinese Early M
 odern History\n\n	WORKSHOP AIM\n\n	To find a difference between societies 
 is one thing\, to locate the difference either in negative direction or po
 sitive is another. If a human cluster in certain period deserves to be cal
 led a society\, it must have a characteristics of its own. Characteristic 
 of human cluster itself sounds unsuitable to be taken advanced or backward
 . Only a teleology provides a measure to commensurate a difference as a tr
 ansformation from something ‘primitive’ to something ‘sophisticated
 ’. Along this sense a viewpoint such as the evolution of the market has 
 played a role as a kind of teleology behind historical interpretations\, t
 ypically\, in a way as follows.\n\n	Exchange between persons\, households\
 , groups and regions depending on comparative advantage should increase th
 e productivities. Decrease of cost such as that for transportation should 
 strengthen the efficiency of trade\, in other words\, intensify the extent
  of the market. Technological innovations like railroad should be crucial 
 for the market to advance the process into a new stage\, while social rela
 tionship among people and administrative connections should be exogenous. 
 They should often work to intervene the evolution of the market\, conseque
 ntly cause the market activities to deviate from their nature. In other wo
 rds\, without intervention\, trades should eventually bring an equilibrium
  in which demand and supply of goods and services should be adjusted by a 
 single set of prices in the most optimal proportion.\n\n	In tandem with th
 e presumption above\, a dichotomy between profit orienting market and ethi
 c orienting society and a contrast between pro freedom market and pro regu
 lation state have ignored that\, even within a society or under a state\, 
 an exchange might have a background with an institutional factor while ano
 ther exchange might have precluded another institutional factor.\n\n	Here 
 let us define market activities fulfilling exchanges through making price.
  However\, in reality\, market activities might have a multiplicity in nat
 ure. Although behaviours by peasants in rural market could not be perfectl
 y independent from actions by merchants who dealt with large size consumpt
 ions\, their activities did not always synchronise in the same direction. 
 For example\, increasing dependence on market places by peasant households
  might have brought a special monetary demand among them which were incomp
 atible with money available for interregional settlement or large size tra
 nsactions. Ubiquitous presence of multiple monies across the world and thr
 ough human history proves a nature of money which differentiated itself ac
 cording to situation.\n\n	A price should be made in terms of a money. Arbi
 trage between a price of a commodity in a region and a different price of 
 the same commodity in another region would make sense only in a condition 
 that money should be provided in the same way to both. The compatibility o
 r incompatibility between a currency in a region and that in another regio
 n was determined by a combination of various factors such as mint system\,
  taxation and its remittance\, exchangers\, network of long distance trade
 rs\, etc.\n\n	Even if a single money worked across regions\, in a society 
 cash payments might have dominated in rural markets while credit supply or
  clearance through account books might have prevailed among merchants in t
 he same town\, in contrast\, in another society\, villagers might have dep
 ended on mutual credit or rarely used cash while merchants\, especially fo
 r long distant trade\, might have preference to settle their transactions 
 by precious metal currencies. Currency provides anonymity\, or freedom in 
 choosing opponents\, in making transactions\, while named relationship beh
 ind credit provides certainty to deals. How to combine both anonymous rela
 tionship and coherent one depended on society and period.\n\n	All in all\,
  market activities and institutions are inseparable. Before assuming a fra
 mework relating entire the market to entire institutes\, decompose market 
 activities partially enough to reveal a multiplicity of mutual dependence 
 between a pattern of exchange and an institutional framework. A characteri
 stic of society appeared with how to assort various attachments between an
  exchange and an institution. In nature\, it must be far from measuring ad
 vanced or backward.\n\n	Sharing geographical conditions\, basic technology
 \, and ideological context\, comparison of East Asia in early modern perio
 d vividly shows us how variously exchange and institutions woven each stru
 cture characteristically.
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