The Metaphysical Foundations of Political Economy in China and the West

Abstract

Purpose

This paper extends our understanding of the concept and global practice of political economy.

Approach

The paper sets out the limits of conceptual analysis regarding political economy. It then applies Heidegger’s theory of metaphysics to the cultures of China and the West.

Findings

It is possible to construct an account of Confucianism metaphysics which contrasts with modern western metaphysics. The paper suggests some implications of the contrast.

Research limitations

The paper is exploratory and broad-brush. It suggests the potential of further systematic enquiries.

Practical implications

National and business leaders seek to understand the global business environment. This requires insights into the nature of culture and the foundations of cultures. The paper provides a way to make sense of national aspirations and global political/business responses to changed circumstances.

Originality

The paper continues a research programme which seeks to explicate Chinese decision-making and relate it to the western decision-making. It is the first paper to use Heidegger’s concept of metaphysics in relation to Confucianism.

Citation

Shaw, R.K. (2016), "The Metaphysical Foundations of Political Economy in China and the West", The Political Economy of Chinese Finance (International Finance Review, Vol. 17), Emerald Group Publishing Limited, Leeds, pp. 15-35. https://doi.org/10.1108/S1569-376720160000017008