Abstract

Recent actor-centric theory about the historical rise of capitalism emphasizes the role of the autonomous agrarian elite in fostering a sustained agricultural revolution. This revolution generated ample agrarian surplus, in the form of rural elite's elevated income, to fuel a capitalist-industrial takeoff in late-eighteenth-century England. The nontransition to capitalism in eighteenth- and nineteenth-century China, despite the vast surplus generated in its advanced agrarian sector, shows that high agricultural productivity is a necessary but not sufficient condition for a capitalist takeoff. By comparing Qing China with eighteenth-century England, where capitalist industrialization erupted spontaneously, and nineteenth-century Japan, where capitalist industrialization succeeded under intensive state sponsorship, this article argues that a strong urban entrepreneurial elite, capable of centralizing the agrarian surplus and investing it in productive industrial innovation, were as important as the existence of the surplus itself in fomenting capitalist transition. The reproduction of the elite in eighteenth-century China was constrained, not by the anticommercial “oriental despotic” state as presumed in earlier literature, but by the state's paternalist disposition in managing urban class conflict. Capitalist-industrial development in China was further impeded in the nineteenth century, when a nexus of local predatory-military elite emerged in response to millenarian uprisings and wasted most of the agrarian surplus in their accumulation of means of violence. The negative case of China helps us advance the actor-centric model of capitalist transition by bringing urban entrepreneurs and class politics back in.

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