Japan's Capitalism
Creative Defeat and Beyond

Uniquely authoritative account of Japan's economic resconstruction after World War II.

Shigeto Tsuru (Author), John Kenneth Galbraith (Foreword by)

9780521576215, Cambridge University Press

Paperback, published 13 July 1996

292 pages, 3 tables
21.6 x 13.5 x 2.4 cm, 0.317 kg

'… a masterpiece. The book sparkles with intelligence, incisiveness, elegance and a great deal of humanity. [It] is a must for those wishing to understand not only more about Japanese society and economy, but indeed about the world we live in, where it has come from, and where it is going. It is one of those exceedingly rare books that provides intellectual, spiritual and moral enrichment.' International Affairs

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.

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?

Subject Areas: Economic systems & structures [KCS]