Analysis of Lao Tzu's Financial Thinking from "When I Forebear, the People Will Prosper"

Abstract

Lao Tzus fiscal thinking runs through the Tao Te Ching and is a concentrated expression of Huang-Lao Taoisms economic thought. Lao Tzus political outlook and financial outlook are in the same vein and rely on each other, and the finance of Lao Tzus era is not comparable with modern finance, but the financial concept embodied in Lao Tzus idea of When I forebear, the people will prosper is worthy of our deep consideration. This article mainly uses literature analysis, empirical analysis, and comparative analysis, and the research concludes that Lao Tzus idea of self-prosperity has produced different effects in different contexts, but in general, under the premise of combining the background of the times, the reform of ruling without doing anything can indeed play a great role in the countrys economic development.