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Japanese Institutionalist Post-Keynesians Revisited - Inheritance from Marx, Keynes and Institutionalism (Hardcover, 1st ed. 2023)
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Japanese Institutionalist Post-Keynesians Revisited - Inheritance from Marx, Keynes and Institutionalism (Hardcover, 1st ed. 2023)
Series: Evolutionary Economics and Social Complexity Science, 29
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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 at what we
can learn from Japanese institutionalist post-Keynesian economists
In particular, the essence of research work that each of them
developed is identified, focusing on the total image of the economy
for contemporary capitalism. Those economists benefited from
the diverse legacies of Keynes, Marx, Kalecki and institutionalist
economists such as Veblen and Galbraith. When their research is
examined systematically, Japanese institutionalist post-Keynesians
are commonly characterized as those who developed their
institutional analysis of contemporary capitalism with in-depth
theoretical and empirical studies, with the aim of establishing
their own political economy as the moral science of civil society.
These important features provide us with insightful implications
for institutional economics in the 21st century. Â
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