-
A World (Almost) without Money: Demonetization and Everyday Life in Collective-Era Rural China
A World (Almost) without Money: Demonetization and Everyday Life in Collective-Era Rural China
Jacob Eyferth Associate Professor Departments of History and East Asian Languages and Civilizations, University of Chicago During the collective era (1956–80), China’s farmers earned an average annual cash income from collective sources of ¥15, equivalent to US $9 in terms of purchasing power. Total income was higher, since members of collectives received much of their […]