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Japanese Institutionalist Post-Keynesians Revisited
This is the first book that systematically considers the academic achievements of Japanese institutionalist post-Keynesian economists in the postwar period and argues that we can learn much from their intellectual heritage. Those Japanese economists include the world-renowned figures, Shigeto Tsuru and Hirofumi Uzawa, whose inheritance came from Keynes, Marx, and institutionalism. In the era of globalization after the 1990s, economic inequality and social divide have intensified all over the world. In this situation, the academic achievements of those economists in postwar Japan should be reconsidered for the aim of establishing a new political economy. With this perspective, the book looks ...
Restructuring the Economy of the 21st Century in Japan and Germany
This book contains the revised and updated versions of twelve papers which were presented at the 17th joint seminar of the faculties of economics of the Universities of Nagoya and Freiburg. The seminar took place in 1997 in Nagoya and marked the 25th anniversary of the cooperation between both faculties. The subjects of the book concentrate on long-term economic and business issues common to Japan and Germany on the turn of our century.Firstly, both countries experience continuing and interrelated problems in the labor market, budget deficits, demographic changes and the future of the social security system. Secondly, globalization, technical progress and shift of social values lead to struc...
Structural Analysis and the Process of Economic Development
Economic development is full of discontinuities. Mainstream economists perceive these as external disturbances to a natural state of equilibrium, but this book argues that much of the discontinuities are part of economic development, suggesting that patterns can be understood with structural analysis. Structural Analysis and the Process of Economic Development presents a detailed analysis of the trajectory of Swedish economic change since the nineteenth century. The emergence of structural analysis in economic research is reviewed, as well as a chapter devoted to development blocks, a key concept that was outlined in the 1940s and that has much in common with the more recent notions ‘techn...
Japanese Capitalism in Crisis
This book is invaluable for students and researchers studying the economies of Japan and other East Asian countries as well as all those interested in patterns of boom and recession worldwide.
Policy Change under New Democratic Capitalism
Democratic capitalism in developed countries has been facing an unprecedented crisis since 2008. Its political manageability is declining sharply. Both democracy and capitalism now involve crucial risks that are significantly more serious than those observed in earlier periods. The notion of policy regimes has gained new significance in analysing the possibilities for a post-neoliberal alternative. Policy innovations directed towards an economic breakthrough require both political leadership and a new economic theory. The processes of political decision making have become quite distant from the public realm, and a limited number of economic and political elites exert influence on public poli...
Globalization, Outsourcing and Labour Development in ASEAN
Due to technical advances in production and communication technology, outsourcing – contracting out production of intermediate materials and services – has affected the economic growth of the ASEAN region. This new book fills an important gap in the literature looking at the impact outsourcing has on labour markets, its subtle effects on regional economies and policy implications. Shandre Thangavelu and Aekapol Chongvilaivan investigate various impacts of outsourcing on labour markets, such as its effects on labour productivity, skill upgrading, human capital, and training, in ASEAN economies with a focus on the experience of the two ASEAN countries as a global hub of outsourcing: Singapore and Thailand. This book approaches these research inquiries by developing several econometric models, including primal production functions and dual cost functions, among others. The empirical evidence this book reveals provides interesting insights into and implications on labour and industry development.
Economic Fundamentals of Power Plant Performance
Stability of the electricity industry is crucial for economic growth of all nations. Sustainable economic growth cannot be accomplished without secured energy supply. The book underlines how management of the electricity industry should be conducted and the efficient form of electricity market structure. The book also studies the electricity industry in Korea which has been a strongly supportive and vital factor in the economic development of Korea for the last few decades. The book focuses on the three market players of the electricity market and they are the suppliers, consumers and the government-related organizations. It includes detailed information on generation and finances at the gen...
Civil Society and Social Science in Yoshihiko Uchida
This book introduces the work of Yoshihiko Uchida (1913–1989), one of the most prominent Japanese thinkers on the topic of civil society in the post-World War II era. The distinctive features of Uchida’s approach to civil society are his view of the metabolic relationship between human beings and nature and his call for a social science rooted in the experiences and inquiries of ordinary citizens. This original approach did not develop in a straight line from Uchida’s early work to his mature period, and this book follows the twists and turns in its formation through his reflections on the relationships between “the civil” and “the capitalistic,” “the modern” and “the pre...
Economics for Humanity
Economics is often referred to as “the queen of social sciences.” This is because mainstream economics has been established as an elegant academic discipline by assuming mankind simply to be homo economicus— an image of human beings showing interest in only material fulfilment and acting solely in his interest. This book challenges this basic perception of human beings. By replacing it with a more realistic and multifaceted human motive as supported by research in various academic disciplines, the book tries to provide a novel and more plausible picture of human society. Specifically, the book takes in such human aspects as pursuing well-being, forming human networks, and the realisati...
Economic Crises and Policy Regimes
In this innovative book, Hideko Magara brings together an expert team to explore both the possibilities and difficulties of transitioning from a neoliberal policy regime to an alternative regime through drastic policy innovations. The authors argue tha
