A History of Japanese Economic Thought (Nissan Institute by Morris-Suzuki

By Morris-Suzuki

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.

Show description

Read Online or Download A History of Japanese Economic Thought (Nissan Institute Routledge Japanese Studies Series) PDF

Best economic history books

The Great Degeneration: How Institutions Decay and Economies Die

From popular historian Niall Ferguson, a looking out and provocative exam of the frequent institutional rot that threatens our collective future

What motives wealthy international locations to lose their manner? indicators of decline are throughout us this present day: slowing development, crushing money owed, expanding inequality, getting older populations, delinquent habit. yet what precisely has long gone fallacious? the reply, Niall Ferguson argues within the nice Degeneration, is that our institutions—the tricky frameworks during which a society can flourish or fail—are degenerating.

consultant executive, the loose industry, the rule of thumb of legislations, and civil society—these are the 4 pillars of West ecu and North American societies. It used to be those associations, instead of any geographical or climatic benefits, that set the West at the route to worldwide dominance starting round 1500. In our time, in spite of the fact that, those associations have deteriorated in nerve-racking methods. Our democracies have damaged the agreement among the generations by way of heaping IOUs on our youngsters and grandchildren. Our markets are hindered via overcomplex rules that debilitate the political and monetary strategies they have been created to help; the rule of thumb of legislation has turn into the guideline of attorneys. And civil society has degenerated into uncivil society, the place we lazily count on all of our difficulties to be solved through the state.

it really is institutional degeneration, in different phrases, that lies in the back of monetary stagnation and the geopolitical decline that includes it. With attribute verve and old perception, Ferguson analyzes not just the explanations of this stagnation but additionally its profound consequences.

the good Degeneration is an incisive indictment of an period of negligence and complacency. whereas the Arab international struggles to undertake democracy and China struggles to maneuver from financial liberalization to the guideline of legislations, our society is squandering the institutional inheritance of centuries. To arrest the breakdown of our civilization, Ferguson warns, will take heroic management and radical reform.

Economic Ideas and Government Policy: Contributions to Contemporary Economic History

A suite of Sir Alec Cairncross' most crucial contributions to the industrial historical past of the post-1939 interval, financial rules and executive coverage demonstrates a willing perception into the altering function of the economist and the transformation of the industrial panorama. analyzing the broader view and long term concerns keen on post-1945 economics, the textual content features a assessment of a few of the commercial principles that experience motivated the British executive because the struggle.

An Inquiry Into the Nature and Causes of the Wealth of Nations

First released in 1776, the 12 months during which the yank Revolution formally all started, Smith's "Wealth of countries" sparked a revolution of its personal. In it Smith analyzes the foremost components of political economic system, from marketplace pricing and the department of labour to financial, tax, exchange and different executive guidelines that have an effect on monetary behaviour.

Theories of Financial Disturbance: An Examination of Critical Theories of Finance from Adam Smith to the Present Day

In her highbrow historical past of theories in regards to the influence of finance on macroeconomics, Toporowski (Oriental and African stories, U. of London, united kingdom) stories the idea of such figures as Thorstein Veblen, Rosa Luxemburg, Irving Fisher, John Maynard Keynes, Michael Kalecki, John Kenneth Galbraith, and Hyman Minsky.

Additional info for A History of Japanese Economic Thought (Nissan Institute Routledge Japanese Studies Series)

Sample text

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.

Download PDF sample

A History of Japanese Economic Thought (Nissan Institute by Morris-Suzuki
Rated 4.42 of 5 – based on 15 votes