The Japanese Economy [Hardcover]

David Flath (Author)

Book Description

ISBN-10: 0198775040 | ISBN-13: 978-0198775041 | Publication Date: April 27, 2000

Despite recent upheavals, Japan remains one of the dominant economic powers at the end of the twentieth century. 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 modern economics. 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 shows the mainstream principles of economics apply in Japan as successfully as they do elsewhere. Aimed at 3rd/4th year undergraduate and graduate courses on Japan, this book will be indispensable both for students and instructors alike. Lucid explanations and comprehensive and rigorous analysis make it a natural choice for any interested in comprehending the rise of the Japanese economy.

Editorial Reviews

Review

Comprehensive and up-to-date survey of the Japanese Economy. Flath convincingly shows that one can understand the Japanese economy using the standard tools in economics. Students can learn both basic economics and the Japanese economy at the same time. I am sure this will be the leading textbook on the subject. Takeo Hoshi, Associate Professor, Graduate School of International Relations and Pacific Studies, University of California, San Diego, 1999

`An exemplary book on an important country.' C.J. Talele, CHOICE Nov. 00, Vol.38, No.3.

`In conclusion, one really cannot fault this book and it was a pleasure to read. While it is not a history of the Japanese economy per se, one can open the book at almost any page and learn something about Japan's history in the context of its economy. It is a well-written, lucid and attractive book, and should be recommended reading for all students of Japan's economy and business. Its broad historical sweep should make it appealing to business historians, too, particularly those with an interest in economics.' Michael J. Lynskey, Business History

`This book is ... a most welcome addition to the literature on Japan.' Michael J. Lynskey, Business History

About the Author

David Flath is Professor of Economics at North Carolina State University and a Research Associate at the Center for Japanese Economy and Business, Columbia University Graduate School of Business. He has previously been Professor of Economics at Osaka University.

Product Details

• Hardcover: 384 pages
• Publisher: Oxford University Press, USA (April 27, 2000)
• Language: English
• ISBN-10: 0198775040
• ISBN-13: 978-0198775041
• Product Dimensions: 9.6 x 7.5 x 1.2 inches
• Shipping Weight: 1.9 pounds
• Amazon Best Sellers Rank: #860,841 in Books (See Top 100 in Books)

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