Flying Money and Capitalist Monks
Keyword(s):
Far East
◽
By the Medieval Era, the Far East had not only caught up with Christian and Islamic civilization but, at least in commercial terms, had surpassed both. From the invention of fiduciary (or paper) money to sophisticated forms of urban development and labor specialization, Chinese entrepreneurs had transformed their society. The chapter describes how these entrepreneurs, some of whom were Buddhist monks, shaped and distinguished China during the Tang and Song Dynasties.