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Richard von Glahn

Fountain of Fortune

Money and Monetary Policy in China, 1000-1700

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$70.00, £50.00 hardcover
978-0-520-20408-9
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408 pages,
December 1996, Available worldwide
Categories: History; China; Asian History; Economics

"Ambitious and impressively researched. . . . Only a scholar with von Glahn's combination of intellectual rigor, sinological skill, and comfort with the bibliography of both the middle and late imperial periods could hope to succeed so well. He has given us a great deal to think about, not least of which is his caution that, in reaching broader formulations about questions of economic and social change, we cannot shirk from examining our assumptions about such mundane matters as the history of currency. Von Glahn, who likewise has on his agenda proposing a broader theory of change, has done his homework."—Journal of Interdisciplinary History

"This is a richly impressive book. It deals with long-neglected but important issues, and advances new perspectives on many aspects of the social, economic, and political history of late imperial China . . . [A] detailed and insightful study."—China Review International

"Indispensable for economic historians of China."—History: Reviews of New Books

"Von Glahn has undertaken an ambitious project . . . A brilliantly constructed treatise."—American Historical Review





"A classic. All subsequent work in areas related to Chinese monetary history will simply have to follow in von Glahn's footsteps."—Dennis O. Flynn, author of Born with a "Silver Spoon"

"An important study of a little-researched and maddeningly complex topic. It reflects a rare combination of strengths in monetary theory, more general social and economic history, and an impressive command of hard-to-find materials in both Chinese and Japanese."—Kenneth Pomeranz, author of The Making of a Hinterland

"A fascinating story of the origins and development of the Wutong cult and the demonic in Chinese religion. From the Shang Dynasty down to late imperial times, Von Glahn lays before us an engaging wealth of knowledge and never-before presented data."—Steve Bokenkamp, Indiana University, and author of Early Daoist Scriptures

"No other writer has explored the place of the sinister in Chinese religion in such a thoughtful and nuanced way. An excellent, gracefully written study covering major themes of the Song through Ming periods."—Patricia Ebrey, author of The Inner Quarters: Marriage and the Lives of Chinese Women in the Sung Period
The most striking feature of Wutong, the preeminent God of Wealth in late imperial China, was the deity's diabolical character. Wutong was perceived not as a heroic figure or paragon but rather as an embodiment of greed and lust, a maleficent demon who preyed on the weak and vulnerable. In The Sinister Way, Richard von Glahn examines the emergence and evolution of the Wutong cult within the larger framework of the historical development of Chinese popular or vernacular religion—as opposed to institutional religions such as Buddhism or Daoism. Von Glahn's study, spanning three millennia, gives due recognition to the morally ambivalent and demonic aspects of divine power within the common Chinese religious culture.

Surveying Chinese religion from 1000 BCE to the beginning of the twentieth century, The Sinister Way views the Wutong cult as by no means an aberration. In Von Glahn's work we see how, from earliest times, the Chinese imagined an enchanted world populated by fiendish fairies and goblins, ancient stones and trees that spring suddenly to life, ghosts of the unshriven dead, and the blood-eating spirits of the mountains and forests. From earliest times, too, we find in Chinese religious culture an abiding tension between two fundamental orientations: on one hand, belief in the power of sacrifice and exorcism to win blessings and avert calamity through direct appeal to a multitude of gods; on the other, faith in an all-encompassing moral equilibrium inhering in the cosmos.

Richard von Glahn is Professor of History at the University of California, Los Angeles. He is the coeditor of The Song-Yuan-Ming Transition in Chinese History (2003) and The Country of Streams and Grottoes: Expansion, Settlement, and the Civilizing of the Sichuan Frontier in Song Times (1987).