The Japanese economy
By: David Flath
Edition: Third edition.
Publisher: Oxford University Press
Published: 2014
Language: eng
Number of pages: 412
ISBN-13: 9780198702405
Subjects: Economic policy; Economic conditions
Description: Despite recent upheavals, Japan remains one of the dominant economic powers. Yet the Japanese economy is one of the most misunderstood phenomena in the modern world. Conventionally, Japan is presented as the exception to mainstream economic theory: an exception to the standard models of modern economics. This book demolishes that notion, bringing the full analytical power of economic thought to all aspects of the most dramatic economic success story in recent times. David Flath concentrates on four main themes: Japan's economic growth and development; Japan's integration with the world economy; Government policies and their effects; Economic institutions and practices. By applying common economic tools such as the Solow growth model, Modigliani's life-cycle model of saving, Becker's theory of investment, Samuelson's theory of revealed preference, Coase's exposition of the problem of social cost, and the modern theory of industrial organization, this book shows that the mainstream principles of economics apply in Japan as successfully as they do elsewhere.--
Notes: Includes bibliographical references and index.
Table of contents: title: Incomes and welfare of the Japanese today; title: Economic history, part 1 : The Tokugawa Period (1603-1868) and the Meiji Era (1868-1912); title: Economic history, part 2 : the twentieth  century (1912-1945); title: Economic history, part 3 : postwar recovery (1945-1964); title: Saving; title: Macroeconomy; title: International finance; title: International trade; title: Industrial policy; title: Public economy, part 1 : government spending; title: Public economy, part 2 : taxes; title: Environmental policy; title: Industrial organization; title: Finance; title: Marketing; title: Labor; title: Technology.