Economics, within the sleek experience of the observe, was once brought into Japan within the moment 1/2 the 19th century. although, eastern thinkers had already constructed, in the course of the 17th and eighteenth centuries, quite a few fascinating ways to concerns akin to the explanations of inflation, the price of exchange, and the position of the country in monetary job. Tessa Morris-Suzuki offers the 1st entire English language survey of the advance of monetary idea in Japan. She considers how the learn of neo-classical and Keynesian economics was once given new impetus via Japan's 'economic miracle' whereas Marxist idea, relatively good validated in Japan, was once constructing alongside strains which are basically now starting to be well-known through the West. She concludes with an exam of the unconventional rethinking of primary monetary thought at the moment occuring in Japan and descriptions the various fascinating new techniques that are rising from this 'shaking of the rules.
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Additional info for A History of Japanese Economic Thought (Nissan Institute Routledge Japanese Studies Series)
From ancient times, the relationship between lord and retainer has been like the relationship of the market. The retainer is granted a stipend, and gives his service to his lord in return. The lord buys from the retainer, and ECONOMIC THOUGHT IN TOKUGAWA JAPAN 29 the retainer sells to the lord. It is a market exchange, and this buying and selling is a good and not an evil thing. (Kaiho 1970:222) The ultimate conclusion of this line of reasoning is the identification of market exchange as the principle (ri) which, in Confucian thought, imparts order and harmony to human society.
Therefore, you should not offer gold and silver to them and expect some special grace in return. Instead of wasting gold and silver on shrines and temples, you should make appropriate contributions to the poor and the suffering; the return will be ten thousand times as large, and your charitable deeds will be valued greatly. (Quoted in Roberts 1973:502–3) Perhaps the most influential figure in the formation of a coherent merchant ethos was the religious philosopher Ishida Baigan. Baigan was born into a peasant household in 1685, but was apprenticed at an early age to a merchant family in Kyoto.
Although there is little evidence that Seiryō’s proposals for economic reform were directly implemented by domain governments, it is significant that Seiryō discussed his ideas with middle-ranking samurai officials in various regions of Japan (Kuranami 1970:499–500) and so, perhaps, played a part in preparing the ground for the profound changes in economic and political structure that were to take place half a century after his death. A VISION OF THE STATE-CONTROLLED ECONOMY: SATŌNOBUHIRO (1769–1850) Like Kaiho Seiryō, Satō Nobuhiro was an enthusiastic advocate of the view that the political authorities should be directly involved in wealth-creating activities.
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