The Economic Theory of Modern Society

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CUP Archive, 1976 - Business & Economics - 347 pages
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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

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 duality of rationality
82
E The StolperSamuelson and the Rybczynski
119
The behaviour of the household
124
THE MARKET MECHANISM
168
The fixprice economy
197
Decentralised economic planning
224
CONTROL BY THE STATE
258
Unemployment and the dual structure
298
Notes
321

The irrationality of ideology
89
Changes in plan
97
The standard case
106
vi
328
Index
345
Copyright

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About the author (1976)

Michio Morishima currently works at STICERD, London School of Economics and Political Science.

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