How a free market system resulted in hegemony and a magnificent era : The case of Nobunaga Oda, 16th century Japan
Part of : Αρχείον οικονομικής ιστορίας ; Vol.XIX, No.1, 2007, pages 5-16
Issue:
Pages:
5-16
Author:
Abstract:
The reasons that contributed to Nobunaga Oda’s hegemony in 16th Century Japan were unlike other feudal lords who based their hegemony on an autarkic economy. An open market system was enacted that accumulated great wealth and capital and rapidly expanded his regime. He abolished trading barriers and reduced restrictions in commercial activities, which led to the domination of commercial capital and created prosperity. Art and cultural activities were greatly supported, a magnificent era –the Azuchi-momoyama period– was the result.
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Subject (LC):
Keywords:
Nobunaga Oda, Free market system, Azuchi–momoyama, Sengoku, Mercantilism
Notes:
JEL classification: N00, N01, N15, P16
