Odd Markets in Japanese History
Law and Economic Growth

This book uses a rational-choice approach to study the impact of Japanese law on economic growth in Japan.

J. Mark Ramseyer (Author)

9780521563864, Cambridge University Press

Hardback, published 28 September 1996

212 pages, 18 tables
22.9 x 15.2 x 1.6 cm, 0.48 kg

"Viola's book opens a fascinating window on the peasant world....Viola forces us to ask new and different questions about collectivization. Her book will be a starting point for all serious thought on the subject." Book Reviews

Employing a rational-choice approach, Professor Ramseyer studies the impact of Japanese law on economic growth in Japan. Toward that end, the author investigates the way law governed various markets and the way that people negotiated contracts within those markets. For much of the period at stake, the Japanese government was an oligarchy rather than a democracy; the judges operated a civil rather than common law regime; the economy grew modestly but erratically; and social customs changed rapidly and radically. As a result, this study applies an economic logic, but to markets in a vastly different world, in a different historical period, and with a different political regime and legal system. Findings reveal that the legal system generally promoted mutually advantageous deals, and that people generally negotiated in ways that shrewdly promoted their private best interests. Whether in the markets for indentured servants, prostitutes, or marriage partners, Odd Markets in Japanese History reports little evidence of either age- or gender- related exploitation.

List of tables
Series editor's preface
Acknowledgements
Introduction
1. Law and economic growth
2. Property: water and land
3. Externalities: smoke and noise
4. Markets: children
5. Autonomy: family law
6. Promissory credibility: sex
7. Cartels: cotton spinning
8. Conclusions
References
Index.

Subject Areas: Political economy [KCP]