| Paths toward the Modern Fiscal State Subjects: Finance Public -- England -- History; Finance Public -- Japan -- History; Finance Public -- China -- History; Fiscal policy -- England -- History; Fiscal policy -- Japan -- History; Fiscal policy -- China -- History; The rise of modern public finance revolutionized political economy. As governments learned to invest tax revenue in the long-term financial resources of the market, they vastly increased their administrative power and gained the ability to use fiscal, monetary, and financial policy to manage their economies. But why did the modern fiscal state emerge in some places and not in others? In approaching this question, Wenkai He compares the paths of three different nations--England, Japan, and China--to discover why some governments developed the tools and institutions of modern public finance, while others, facing similar circumstances, failed to do so. He Wenkai : Wenkai He is Assistant Professor in the Division of Social Science at Hong Kong University of Science and Technology. |