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|Other Titles:||The Jin Dynasty Policy of “No Minting” and Long-term Deflation|
Chen, Yen Liang
Department of History,National Taiwan Normal University
Some scholars have recently contended that during the Jin Dynasty(266~420), although cloth and other in-kind as mediums of exchange werecommon, money was still frequently used, and that period remained a monetized financial environment. Lu Bao’s “Chienshen Lun” (“Money God Treatise”) 魯褒錢神論is raised as one of the main proofs for this view.However, there is much textual and archaeological evidences to show thatduring the Jin money was scarce and so coins were expensive, and that the deflationary cycles made it was impossible to develop a sound monetaryeconomy. Furthermore, under emperor Wu of the Jin, political decadence and bureaucratic greed increased greatly. Since coins were expensive and politicalcorruption was rampant, money could become viewed as a god. But this had little to do with the situation of the monetary economy.Lu Bao’s irony Chienshen Lun, in fact, reflects the current environment of political corruption and deflation, rather than a well-developed monetaryeconomy. The Jin policy of “no minting” caused long-term deflation, and it thus made the natural economic model more rigid and extended its lifespan.
|Appears in Collections:||臺灣師大歷史學報|
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