What question did this study set out to answer?

The article aims to explore the cyclical monetisation and demonetisation processes in Taizhou during the Song and Yuan dynasties.

April 22, 2026Open Access

Between coin and kind: state revenue and currency changes in Song–Yuan Taizhou

Puntos clave

The article aims to explore the cyclical monetisation and demonetisation processes in Taizhou during the Song and Yuan dynasties.
Analysed local fiscal policies and taxation systems
Studied economic structures during the Song and Yuan dynasties
Evaluated the impact of central government policies on local economies
The Song Dynasty experienced significant fiscal monetisation driven by military needs.
The Yuan Dynasty saw a partial return to physical taxation and reduced monetary demands.
The study highlights the complexity of monetary evolution challenging linear economic models.

Resumen

Abstract This article examines the cyclical nature of monetisation and demonetisation in Taizhou (台州) during the Song and Yuan dynasties. By analysing local fiscal policies, taxation systems, and economic structures, it reveals a complex process of monetary evolution. The Song Dynasty saw significant fiscal monetization, driven by military needs and implemented through innovative tax systems. However, the Yuan Dynasty witnessed a partial reversal, with a shift towards physical taxation and reduced monetary demands. This research highlights the interplay between central government policies, local fiscal structures, and broader economic trends. It challenges linear models of economic development and emphasises the importance of regional variations in understanding historical monetisation processes.

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