Analysis on the power and path of central financial system reform from the perspective of power
- DOI
- 10.2991/ichess-19.2019.21How to use a DOI?
- Keywords
- Wang Anshi Reform, public policy, financial system, financial power
- Abstract
The Wang Anshi Reformation is a social reform aimed at saving Northern Song Dynasty from poverty and weakness that has mired the dynasty since its founding. The center of this reform lies in the central financial management system: the financial management system that used to be controlled by the Three Divisions since the beginning of Song Dynasty was transferred to direct leadership under the central administration, or, as the document puts it, “the imperial court sealed the money”. A series of new laws issued during the reform increased the revenue. On the basis of developing production and rebalancing the taxation system, the state’s fiscal revenue has increased significantly, effectively changing the predicament of “continuous poverty” in Northern Song Dynasty. Wang Anshi Reform of the central government system is analyzed from the perspective of power, with focus on reforms on the Three Divisions and establishment of the system of administration by Zhongshu Division. The methods of the reform and effects of relevant policies are also analyzed to provide reference for reforms on the modern financial management system.
- Copyright
- © 2019, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Yang Chen AU - Lei Feng AU - Ruqing Wei PY - 2019/11 DA - 2019/11 TI - Analysis on the power and path of central financial system reform from the perspective of power BT - Proceedings of the 2nd International Conference on Humanities Education and Social Sciences (ICHESS 2019) PB - Atlantis Press SP - 105 EP - 112 SN - 2352-5398 UR - https://doi.org/10.2991/ichess-19.2019.21 DO - 10.2991/ichess-19.2019.21 ID - Chen2019/11 ER -