The Japanese Economy
From Black Ships to Dark Recession
- Available for pre-order. Item will ship after January 27, 2022
This textbook offers an accessible guide to the Japanese economy. Japan developed from a defeated country following World War II into a dominant economic power in the 1980s. But much to the surprise of the World, the country collapsed into a persistently troubled economic reality beginning in the 1990s. This textbook provides students with an understanding of how the Japanese economy works, while exploring the way in which economic reasoning can be employed to analyse the specifics of any economy.
- Part I explains how economies can be fruitfully analysed while outlining what is different about the Japanese economy in terms of structure and institutions.
- Part II looks at the supply side of the Japanese economy, focusing on the key markets and organizations that form the basis of the Japanese economy.
- Part III explains how government policy helped create a low risk, middle class society in the post war period, while examining how this policy led to an inability to move the economy out of its extended slump.
Featuring suggestions for further reading, end of chapter study questions, and a collection of key terms, The Japanese Economy is an essential textbook for undergraduate and postgraduate courses on the Japanese economy or East Asian economies more generally.
Table of Contents
Part 1: Nails that Stick Out / Nails that are Hammered In: Delving into the Japanese Economy 1. Introduction: History, Culture and the Price of Bananas – How to Study a Specific Economy 2. Transforming Bushido: The Making of the Modern Japanese State 3. From Here to Paternity: An Overview of the Japanese Economy Part 2: The Building Blocks of the Japanese Economy: Business, Labor, and Banking 4. Crumbling Corporate Homelands: The Mystery of Japanese Firms 5. The Sinking of the Salariman: Mixed Pleasures from Laboring under an Illusion 6. Banking Your Dreams: The Death of Financial Wizards Part 3: A Particularly Japanese Ball of Wax: A Bird’s Eye View of the Economy 7. Engineering a Future: Fiscal and Industrial Policy 8. Monetary Madness: The Mystery of the Bank of Japan 9. Japan Uber Alles: Trade as War by Other Means 10. All Fall Down: Ignoring the Lessons of Japan
Craig Freedman has published on the History of Economic Thought and the Japanese Economy. He is the author of In Search of the Two-Handed Economist (2016), editor of George Stigler (2020) and co-author of Where Economics Went Wrong (2018).
Toomas Truuvert has published on the History of Economic Thought, and Learning in Higher Education. Recently retired, he was previously a tenured Lecturer in Applied Finance.