The Japanese Economy

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Oxford University Press, 2000 - Business & Economics - 368 pages
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Despite recent upheavals, Japan remains one of the dominant economic powers at the end of the twentieth century. Yet the Japanese economy is one of the most misunderstood phenomena in the modern world. Conventionally, Japan is presented as the exception to mainstream economic theory: anexception to the standard models of modern economics. This book demolishes that notion, bringing the full analytical power of economic thought to all aspects of the most dramatic economic success story in recent times. David Flath concentrates on four main themes: Japan's economic growth and development Japan's integration with the world economy Government policies and their effects Economic institutions and practices By applying common economic tools such as the Solow growth model, Modigliani's life-cycle model of saving, Becker's theory of investment, Samuelson's theory of revealed preference, Coase's exposition of the problem of social cost, and the modern theory of industrial organization, this book shows themainstream principles of economics apply in Japan as successfully as they do elsewhere. Aimed at 3rd/4th year undergraduate and graduate courses on Japan, this book will be indispensable both for students and instructors alike. Lucid explanations and comprehensive and rigorous analysis make it a natural choice for any interested in comprehending the rise of the Japanese economy.
  

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Contents

Incomes and Welfare of the Japanese Today
10
Economic History Part 1 The Tokugawa Period 16031868 and the Meiji Era 18681912
21
Economic History Part 2 The Twentieth Century 19121945
43
Economic History Part 3 Postwar Recovery 19451964
71
Saving
94
Macroeconomics
106
International Finance
138
International Trade
155
Environmental Policy
227
Industrial Organization
237
Finance
259
Marketing
292
Labor
309
Technology
334
Glossary
345
Index
361

Industrial Policy
184
Public Finance
214

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References to this book

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Victor D. Lippit
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About the author (2000)


David Flath is Professor of Economics at North Carolina State University and a Research Associate at the Center for Japanese Economy and Business, Columbia University Graduate School of Business. He has previously been Professor of Economics at Osaka University.

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