Japan's Capitalism: Creative Defeat and Beyond

by Shigeto Tsuru , Foreword by John Kenneth Galbraith

• ISBN13: 9780521576215
• ISBN10: 0521576210
• Format: Paperback
• Copyright: 1996-07-13
• Publisher: Cambridge University Press

Summary

Japan’s economic reconstruction after total defeat in the Second World War has been an extraordinary phenomenon. In Japan’s Capitalism, Shigetu Tsuru, one of Japan’s most eminent economists gives a comprehensive account of the recovery process, and a unique interpretation of the post-war Japanese economy. He analyses the significance of Japan’s money-oriented affluence and the emergence of a distinctive ‘corporate capitalism’. His conclusion is that Japan’s inspired creative response to defeat has itself led to a new set of intractable problems.

Table of Contents

Introduction

1. The defeat and the Occupation reforms

2. The road to recovery

3. The period of high growth rate

4. The role of the government in the high-growth period

5. A turning point cometh

6. The double 'price revolution'

7. The march of corporate capitalism

8. Whither Japan?