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Economics, in the modern sense of the word, was introduced into Japan in the second half of the nineteenth century. However, Japanese thinkers had already developed, during the seventeenth and eighteenth centuries, a variety of interesting approaches to issues such as the causes of inflation, the value of trade, and the role of the state in economic activity. Tessa Morris-Suzuki provides the first comprehensive English language survey of the development of economic thought in Japan. She considers how the study of neo-classical and Keynesian economics was given new impetus by Japan's 'economic miracle' while Marxist thought, particularly well established in Japan, was developing along lines that are only now beginning to be recognized by the West. She concludes with an examination of the radical rethinking of fundamental economic theory currently occuring in Japan and outlines some of the exciting new approaches which are emerging from this 'shaking of the foundations.
This volume explores early-modern formations of economic thought and policy in a country widely regarded as having followed a unique, non-Western path to capitalism. In discussing such topics as money and the state, freedom and control, national interest ideology, shogunal politics and networks, case studies of the Saga Domain and Ryukyu Kingdom, Confucian banking, early Meiji entrepreneurship, and relationships between macroeconomic fluctuations and policy, the essays here deepen and revise our understanding of early-modern Japan. They also enlarge and refine the analytical vocabulary for describing early-modern economic thought and policy, thereby raising issues of interest to scholars of world history and economic thought outside of Japan or East Asia.
This is an easy-to-read book that explains how and why Japan industrialized rapidly. It traces historical development from the feudal Edo period to high income and technology in the current period. Catch-up industrialization is analyzed from a broad perspective including social, economic and political aspects. Historical data, research and contesting arguments are amply supplied. Japan’s unique experience is contrasted with the practices of today’s developing countries. Negative aspects such as social ills, policy failures, military movements and war years are also covered. Nineteenth-century Japan already had a happy combination of strong entrepreneurship and relatively wise government, which was the result of Japan’s long evolutionary history. Measured contacts with high civilizations of China, India and the West allowed cumulative growth without being destroyed by them. Imported ideas and technology were absorbed with adjustments to fit the local context. The book grew out of a graduate course for government officials from developing countries. It offers a comprehensive look and new insights at Japan’s industrial path that are often missing in standard historical chronicles. Written in an accessible and lively form, the book engages scholars as well as novices with no prior knowledge of Japan.
This ground-breaking book provides the first English-language survey of economic thought in modern Japan. Significantly, it offers both a detailed study of economic thought from 1600 to 1945 and a nuanced analysis of Western and Asian perspectives on the field of Japanese economic history. Expertly translated from Japanese and written by leading scholars in the field, this exciting study includes: * A novel approach to economic thought which contextualizes the core values of thinkers across the period * A comparative analysis of Japanese economic history which looks at the continuities across the Meiji divide * The extensive use of archival sources, many of which were previously unavailable in English A History of Economic Thought in Japan, 1600 - 1945 serves as a case study of how Western economic ideas spread to non-Western regions and interacted with indigenous ideas. It will therefore be of immense value to both scholars of economic thought and those seeking a deeper understanding of the moral, intellectual, and societal forces that shaped modern Japan.
This newly revised, clearly-presented text looks at Japan's economic history from the nineteenth century through to World War II. Working within a framework based on the theories and approaches of development studies, Francks demonstrates the relevance of Japan's pre-war experience to the problems facing developing countries today, and draws out the historical roots of the institutions and practices on which Japan's post-war economic miracle was based. New features include: * fresh theoretical perspectives * additional material derived from new sources * an increased number of case studies * fully up-dated references and bibliography. This broad-ranging textbook is both topical and easy-to-use and will be of immense use to those seeking an understanding of Japanese economic development.
Japanese economists began publishing scientific papers in renowned journals including Econometrica in the 1950s and had made their significant contributions to the sophistication of general equilibrium analysis by intensive use of a variety of mathematical instruments. They had contributed significantly to the transformation of neoclassical economics. This book examines how it became possible for Japanese economists to do so by shedding light on the "professional" discussion of the international gold standard and parity policies in the early twentieth century, the acceptance of "mathematical economics" in the following period, the impact of establishment of the Econometric Society (1930), and the swift distribution of theory-oriented economics journals since 1930. This book also includes topics on the historical research of the Japanese foundations of modern economics, the transformation of the economics of Keynes into Keynesian economics, Japanese developments in econometrics, and Martin Bronfenbrenner's visit to Japan in the post-WWII period. This book provides insight into the economic research done by Japanese scholars in the international context. It traces how, during the period 1900-1960, economics was harmonized with economics and a standard economics was re-shaped on the basis of mathematics thanks to economists' appetite for rigor and will help to contribute to existing literature.
This ground-breaking book provides the first English-language survey of economic thought in modern Japan. Significantly, it offers both a detailed study of economic thought from 1600 to 1945 and a nuanced analysis of Western and Asian perspectives on the field of Japanese economic history. Expertly translated from Japanese and written by leading scholars in the field, this exciting study includes: * A novel approach to economic thought which contextualizes the core values of thinkers across the period * A comparative analysis of Japanese economic history which looks at the continuities across the Meiji divide * The extensive use of archival sources, many of which were previously unavailable in English A History of Economic Thought in Japan, 1600 - 1945 serves as a case study of how Western economic ideas spread to non-Western regions and interacted with indigenous ideas. It will therefore be of immense value to both scholars of economic thought and those seeking a deeper understanding of the moral, intellectual, and societal forces that shaped modern Japan.
This book uses a rational-choice approach to study the impact of Japanese law on economic growth in Japan.
Even after the experience of WWII and despite the existence of various institutions such as United Nations to avoid conflict between nations, we have not succeeded in making a world free from war. The Cold War, the Vietnam War, the intervention of the superpowers in local conflicts and the spread of terrorism have made this all too clear. This volume brings together contributions by leading international scholars of various countries and reconstructs how economists have dealt with issues that have been puzzling them for nearly three centuries: Can a war be 'rational'? Does international commerce complement or substitute war? Who are the real winners and losers of wars? How are military expenses to be funded? The book offers a refreshing approach to the subject and how we think about the relations between economics and war.
As the global Great Recession continues, policymakers, economists, and the public are turning to Japenses economic revitalization for answers. Paul Krugman, Nobel laureate in Economics, once said that Japan was a "full-dress rehearsal for the current crisis." Japan has experienced and valiantly overcome the burst of their Bubble economy, financial crisis, lukewarm recovery, and more than a decade-long deflation and stagnation to become one of the most stable economies today. Japan's Great Stagnation and Abenomics reveals the striking similarities of economic events and policies between the Great Stagnation and the current Great Recession. It also suggests possible dangers ahead and way-outs in the future. This exciting new volume is based on Wakatabe's expertise in economic history and the history of economic ideas and argues that any policy decision is related to cultural ideology. An investigation into the relationship between cultural ideology and policy helps us better understand the policy-making process.