The Economic Theory of Modern Society

Front Cover
CUP Archive, Oct 7, 1976 - Business & Economics - 347 pages
This volume was originally published in 1976. The difference types of society in the world - capitalist, socialist, mixed, etc. - have many features in common, despite their dissimilarities. The object of this book is to make clear the economic logic of society in general, which applies to socialist as well as capitalist economies. Taking the Japanese economy as an example, part of the book tries to explain how an actual economy can deviate from the 'ideal' laws of motion, and shows that such aberrations themselves obey certain rules. In a broad sense, it belongs in the domain of the theory of comparative systems. The book is based on lectures which Professor Morishima gave to students at Osaka University in 1967-1968. It is translated from the Japanese by D. W. Anthony.
 

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Contents

Preface to the English edition viii Preface
1
B Japan as an example
15
An outline of the book
24
RATIONALITY AT THE MICROECONOMIC
33
Alternative production techniques
44
The choice of techniques
54
Profit maximisation
66
The distribution of profits
74
The fixprice economy
197
A generalisation of Walras law
203
Bastard Keynesian unemployment theory
211
Decentralised economic planning
224
B The Walrasian process and the KeynesLeontief
232
The longterm KeynesLeontief process and
244
The rule of fixing official prices
250
CONTROL BY THE STATE
258

Changes in plan
97
The behaviour of the household
124
THE MARKET MECHANISM
168
B Competitive trading and negotiated transactions 173 B Competitive trading and negotiated transactions
179
The existence of equilibrium prices
185
Unemployment and the dual structure
298
Notes
321
vi
328
Index
345
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