`Miwa is one of the leading young Japanese scholars debunking the
myths - all too common in the west but eagerly promoted in Japan
also - about the distinctive Japanese way. He soberly examines the
roles of government and banks, firms and networks, workers and
managers. The result is a fine analysis of how where and why the
Japanese economic system fundamentally resembles that in the west,
with a clear explanation of the few areas where it significantly
differs.' - Leslie Hannah, London School of Economics and Political
Science `Professor Miwa has earned quite a name for himself in
Japan for his brilliant but biting iconoclastic views. Now, Western
readers will learn what the fuss has been about. Self-styled
authorities on the Japanese economy will squirm, for Miwa takes no
prisoners; his logic is relentless, merciless and - inevitably -
right.' - J. Mark Ramseyer, the University of Chicago Law School
`This is a monumental work, demystifying the Japanese economy and
contesting the conventional view that `Japan is different'. In
doing so, Professor Miwa paves the way for a new era of comparative
study.' - Kazuo Koike, Hosei University, Tokyo `Professor Miwa, no
longer an enfant terrible, has established himself as one of the
most far-reaching researchers of the contemporary Japanese
industrial organisation. His argument is always pointed,
provocative, outrageous, but illuminating and productive.' - Yutaka
Kosai, Japan Center for Economic Research, Tokyo We love Japan, but
many of us for wrong reasons. Studies of Japan's economy are full
of misconceptions, described by such keywords as dual structure,
keiretsu, corporate groups, main banks, subcontract, and industrial
policy. Without using these keywords, the author demonstrates that
Japan has for a long time been a world of exchange by agreement
rather than by coercion, and that the standard principles of
economics explain the dominant patterns of the Japanese economic
phenomena. Providing detailed information on firms and industrial
organization in Japan, this volume is a doorway both to proper
understanding of Japan's economy and the study of actual firms and
the market in general.
General
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