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2014•Unpublished venueRequires access

The influence of ancient Chinese thought on the Ever- Normal Granary of Henry A. Wallace and the Agricultural Adjustment Act in the New Deal

LI Chao-min

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Abstract

The granary system was unique in ancient China’s public finances. The basic role of “the Ever-Normal Granary was to stabilise prices.”10 In Zhou Rites, there was an administrator with the title of Sijia (Superintendent of Grain) whose responsibilities were given as follows:11The Sijia is an official who travels the country to observe crops, and to distinguish different grains and areas on which certain grain is suitable, and to keep the record of surveys as planting instructions for farmers. The Sijia regulates taxation by his survey of the annual yields and seeks to stabilise food supplies. In lean years he manages to increase supplies to suppress high prices.

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What this paper is about

The granary system was unique in ancient China’s public finances. The basic role of “the Ever-Normal Granary was to stabilise prices.”10 In Zhou Rites, there was an administrator with the title of Sijia (Superintendent of Grain) whose responsibilities were given as follows:11The Sijia is an official who travels the country to observe crops, and to distinguish different grains and areas on which certain grain is suitable, and to keep the record of surveys as planting instructions for farmers. The Sijia regulates taxation by his survey of the annual yields and seeks to stabilise food supplies. In lean years he manages to increase supplies to suppress high prices.

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Available abstract

The granary system was unique in ancient China’s public finances. The basic role of “the Ever-Normal Granary was to stabilise prices.”10 In Zhou Rites, there was an administrator with the title of Sijia (Superintendent of Grain) whose responsibilities were given as follows:11The Sijia is an official who travels the country to observe crops, and to distinguish different grains and areas on which certain grain is suitable, and to keep the record of surveys as planting instructions for farmers. The Sijia regulates taxation by his survey of the annual yields and seeks to stabilise food supplies. In lean years he manages to increase supplies to suppress high prices.

Key concepts: Granary, Agriculture, China, Agricultural economics, Economics, Economy, Business, Law

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