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- DescriptionJapan remains one of the dominant ecomic powers. Yet the Japanese ecomy is one of the most misunderstood phemena in the modern world. Conventionally, Japan is presented as the exception to mainstream ecomic theory: an exception to the standard models of modern ecomics. This book demolishes that tion, bringing the full analytical power of ecomic thought to all aspects of the most dramatic ecomic success story in recent times. David Flath concentrates on four main themes: Japan's ecomic growth and development; Japan's integration with the world ecomy; Government policies and their effects; Ecomic institutions and practices. By applying common ecomic 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 shows that the mainstream principles of ecomics apply in Japan as successfully as they do elsewhere. Revised and updated to take account of recent developments in Japanese banking and macroecomics, 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 the rise of the Japanese ecomy.
- Author BiographyDavid Flath is Professor of Economics at Ritsumeikan University and Professor Emeritus of North Carolina State University, where he was employed from 1976 to 2007. He has previously been Adjunct Professor of Economics at the Osaka University Institute of Social and Economic Research (2009-13),and Visiting Professor of Economics at Kyoto University (2001-2) and at Osaka University (1995-6). Flath is the author of numerous academic articles on the Japanese economy. His Japan-related research has been supported by an Abe Fellowship and by grants from the Japan Society for the Promotion of Science, the Social Science Research Council and the Japan-US Friendship Commission. His early forays into Japan were supported by the North Carolina Japan Center and by the Fulbright Program.
- Author(s)David Flath
- PublisherOxford University Press
- Date of Publication20/03/2014
- SubjectEconomics: Textbooks & Study Guides
- Place of PublicationOxford
- Country of PublicationUnited Kingdom
- ImprintOxford University Press
- Content Note63 Figures and 63 Tables
- Weight818 g
- Width190 mm
- Height245 mm
- Spine23 mm
- Edition Statement3rd Revised edition
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