The Japanese Economy

The Japanese Economy

eBook - 2005
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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 moderneconomics. 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 showsthat the mainstream principles of economics apply in Japan as successfully as they do elsewhere.Revised and updated to take account of recent developments in Japanese banking and macroeconomics, this book is an indispensable resource for students and instructors alike. Lucid explanations and comprehensive and rigorous analysis make it natural choice for anyone interested in comprehending therise of the Japanese economy.
Publisher: Oxford, England ; New York : Oxford University Press, c2005.
Edition: 2nd ed.
ISBN: 019927861X
Branch Call Number: ELECTRONIC BOOK
Characteristics: 1 online resource (xviii, 371 p.) : ill.
Additional Contributors: ebrary, Inc


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