The economic conception of the narrator is revealed strongly in TaePyungCeunHa(太平天下), the most important work of Chae Man-Sik, compared to his other works. This conception can be interpreted to reflect the formative process of capitalism in the 1930s. However, its key point can be understood properly as we examine it concerning social capital and cultural capital.
The economic capital is a significant factor in TaePyungCeunHa, but its formative process is not normal and its basis is undeveloped. The economic capital was not expected to last long, and the foreshadow of this is revealed variously through a series of happenings in the later part of the novel. Yun Duseop(윤두섭), the main character of the work, tries variously to shift his economic capital to social capital, but the result falls short of his expectations. The process of failure in forming the new social capital is largely embossed, but this reflects the difficulty to form social capital in a fluctuating society. The family’s cultural capital is weak, but this is an important clue to understand the structure of this novel and the relationship of conflicts between the characters.
In short, this work emphasizes the imbalance of the Yun family whose economical capital is more advanced than their social and cultural capital. This imbalance is represented as a deformity of the father, Yun Duseop and his son, Yun Taesik’s appearance. This deformity is the deformity of colonial capitalizing process during Japanese colonialism in the 1930s. It also reflects the contemporary society coming to spoil its traditional values through the collapse of family community that is seen through the Yun family’s breakdown. Through this, TaePyungCeunHa satires the society of the day which has no new values to replace the previous ones, but only to destroy the traditional value of the society.