The Political Economy of Confucian Harmony: A Xunzian Vision

Research output: Contribution to journalArticle

Abstract

A global market economy of pure instrumental rationality now poses a growing threat, jeopardizing common citizenship, the capacity for human flourishing, and harmony between humans and nature. Growing skepticism about the sustainability of market capitalism and its moral legitimacy propels us to search for a new economic model in which humans are no longer held hostage to the unbridled pursuit of self-interest and limitless possession at the expense of the well-being of others and nature and that attempts to overcome the old conflict between capitalism and socialism. We can call this alternative model “moral economy,” an economic system that reconciles private interests with the public good broadly construed. In this article I reconstruct the Confucian ideal of moral economy by paying close attention to Xunzi's ethical and political thought. Xunzi, one of the key classical Confucians, stipulates the threshold of sufficiency by extending the ruler's care to the most destitute of society as well as giving moral priority to their basic needs without dismissing the foundational importance of individual merit and contribution. Rejecting both pure economic meritocracy and dogmatic egalitarianism, Xunzian Confucianism aims to create a political economy of harmony where various distributive values (need, equality, and merit, among other things) each have their own place.

Original languageEnglish
Pages (from-to)493-521
Number of pages29
JournalAmerican Journal of Economics and Sociology
Volume78
Issue number2
DOIs
Publication statusPublished - 2019 Mar

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capitalist society
political economy
instrumental rationality
meritocracy
Confucianism
dogmatics
egalitarianism
economy
basic need
economic model
economic system
socialism
possession
market economy
equality
legitimacy
citizenship
well-being
sustainability
threat

All Science Journal Classification (ASJC) codes

  • Sociology and Political Science
  • Economics and Econometrics

Cite this

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The Political Economy of Confucian Harmony : A Xunzian Vision. / Kim, Sungmoon.

In: American Journal of Economics and Sociology, Vol. 78, No. 2, 03.2019, p. 493-521.

Research output: Contribution to journalArticle

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