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Japan at a Deadlock
When Professor Morishima's book Why has Japan 'Succeeded'? (1982) was published, Japan was still a country of 'capitalism from above'. For the past ten years the country's economy has faltered and declined. It is turning towards 'capitalism from below' despite Japan's weak democracy. This directional change is investigated through a variety of standpoints, using an in-depth knowledge of the Japanese ethos, national history, educational background, as well as the sociology of the Japanese economy and business world. The author offers a long-term forecast for the future of Japan.
Marx's Economics
Professor Morishima concentrates on the three volumes of Das Kapital and their contributions to the major topics of traditional Marxian economics. He provides a rigorous mathematisation of the labour theory of value, the theory of exploitation, the transformation problem, the reproduction scheme, the law of relative surplus population, the falling rate of capital and the turnover of capital. After proving Marxian propositions in a rigorous way, he argues that in order to combine Marx's model with von Neumann's in a new growth theory it is necessary to abandon the labour theory of value. Professor Morishima feels that this sacrifice is well worth making, because it enables Marxian economics to be integrated with orthodox theory into a new Marx-von Neumann theory of growth, and this to make an important contribution to the development of the subject.
Why Has Japan 'Succeeded'?
This book, by a distinguished Japanese economist now resident in the West, offers a new interpretation of the current success of the Japanese economy. By placing the rise of Japan in the context of its historical development, Michio Morishima shows how a strongly-held national ethos has interacted with religious, social and technological ideas imported from elsewhere to produce highly distinctive cultural traits. While Professor Morishima traces the roots of modern Japan back as far as the introduction of Confucianism, Taoism and Buddhism from China in the sixth century, he concentrates his observations on the last 120 years during which Japan has had extensive contacts with the West. He des...
Inside the Japanese System
Among the world's great industrial states, Japan is the newest, most dynamic, and most distinctive. Whether viewed as a model, a partner, or a threat, no country is more important or less understood. What are the central features of Japan's industrial system? What are the core institutions and practices that have to be understood in order to know how it functions? What sets it apart from other industrial systems, notably that of the United States? Is the Japanese system changing, and if so, how? These are the basic questions addressed in this volume, which presents in compact form the best thinking, the most stimulating arguments, and the classic interpretations of contemporary Japan. The book comprises 55 selections by economists, political scientists, anthropologists, business consultants, and others, which together give an unparalleled insight into the inner workings of the Japanese industrial system.
Collaborative Development in Northeast Asia
In Collaborative Development in Northeast Asia , Michio Morishima is concerned with an imaginary world as Joseph A. Schumpter was in Capitalism, Socialism and Democracy . Unlike his model, Morishima's explicitly assumes that both 'politicians' and 'entrepreneurs' are active in making innovations in the political and business worlds respectively. Only then would an Asian Community made up of China, Japan, two Koreas and Taiwan be possible. He examines how the Community would work and argues that it is the only hope for Asia's revival.
Ricardo's Economics
This book, together with Marx's Economic and Walras' Economics, completes a sequence of titles by Professor Morishima on the first generation of scientific economists. The author's assessment of Ricardo differs substantially from the established views adopted by economists and historians of economic thought. While economists such as Pasinetti, Caravale and Samuelson have concentrated on macroeconomic interpretations of Ricardo, and historians of economic thought have emphasised his labour theory of value, Morishima takes a different course. In this book the author concentrates on Ricardo's main work, The Principles, and shows that his economics is the prototype of mathematical economies with...
Economic History
What is Economic History The study of history that makes use of some of the methodological techniques that are used in economics or that pays particular attention to economic phenomena is known as economic history. For the purpose of conducting research, a combination of historical methodologies, statistical methods, and the application of economic theory to historical conditions and institutions are utilized. It is possible for this profession to span a wide range of subjects, such as equality, finance, technology, labor, and business. It places an emphasis on historicizing the economy itself, including doing an analysis of the economy as a dynamic entity and making an effort to provide ins...
The Palgrave Companion to LSE Economics
The London School of Economics (LSE) has been and continues to be one of the most important global centres for economics. With six chapters on themes in LSE economics and 29 chapters on the lives and work of LSE economists, this volume shows how economics became established at the School, how it produced some of the world’s best-known economists, including Lionel Robbins and Bill Phillips, plus Nobel Prize winners, such as Friedrich Hayek, John Hicks and Christopher Pissarides, and how it remains a global force for the very best in teaching and research in economics. With original contributions from a stellar cast, this volume provides economists – especially those interested in macroeconomics and the history of economic thought – with the first in-depth analysis of LSE economics.
Power or Pure Economics?
This volume examines central questions about the nature of economic theory, its historical development and its explanatory power. What determines economic distribution - can pure economic theory itself explain the fundamentals of distribution or is a broader economics incorporating theories of power in society necessary? The book presents the debate through classic statements of each position from two leading economists of the century, Joseph A. Schumpeter and Yasuma Takata. A substantive introduction from Michio Morishima assesses and places in context the work of both Schumpeter and Takata.
The Economic Theory of Modern Society
Professor Morishima explores different types of societies and economies with a focus on the Japanese economy.
