Author(s)

Wang Jingfeng

Corresponding Author

Wang Jingfeng

Abstract

Confucius was a great thinker and founder of Confucianism in ancient China, and he had put forward insightful economic thoughts. Confucius believed that the pursuit of wealth was human nature, but the behavior of people seeking wealth should be restrained by the idea of justice. He advocated to enrich the people through two ways. First, the government should implement the laissez-faire economic policy to increase the income of the people . Secondly, the government should implement the fiscal policy of low tax rates to reduce the burden of the people. Confucius also advocated to encourage and protect the development of business, to avoid the large gap between the rich and the poor ,to opposed the extravagant consumption.

Keywords

Confucius, Confucian, Economic thought.