Japanese Capitalism in Crisis. A Regulationist Interpretation
Is Japan totally exceptional or is it a typical market economy? Is the poor macroeconomic
performance of the nineties down to archaic institutions or short term monetary and
budgetary policies?
The contributions to Japanese Capitalism in Crisis show that there can be a middle
ground between these extremes and delivers two benefits: a deeper understanding of
long term development and an extension of existing theory. A regulationist approach
is used to examine how the periods of growth and crisis can be attributed to the
institutions which govern capital accumulation.
This book should prove to be invaluable to students and researchers studying the
economies of Japan and other east Asian countries as well as all those interested
in patterns of boom and recession worldwide.
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Glossary
Introduction: a puzzle for economic theories, ROBERT BOYER AND TOSHIO YAMADA
PART I: Institutional interpretations and theories
1 Japanese capitalism and the companyist compromise, TOSHIO YAMADA
2 The hierarchical market-firm nexus as the Japanese mode of régulation, AKINORI ISOGAI, AKIRA EBIZUKA, HIROYASU UEMURA
3 Disproportionate productivity growth and accumulation regimes, HIROYUKI UNI
PART II: The wage labour nexus, forms of competition, financial regime: major structural transformations
4 The capital-labour compromise and the financial system: a changing hierarchy, HIRONORI TOHYAMA
5 ‘Industrial welfare’ and ‘company-ist’ régulation: an eroding complementarity, MASANORI HANADA, YASURO HIRANO
6 The financial mode of régulation in Japan and its demise, NAOKI NABESHIMA
PART III: What crisis and what futures?
7 The wage labour nexus challenged: more the consequence than the cause of the crisis, ROBERT BOYER, MICHEL JUILLARD
8 Growth, distribution and structural change in the post-war Japanese economy, HIROYASU UEMURA
9 Beyond the East Asian economic crisis, YASUO INOUE
10 Some limitations to Japanese competitiveness, BENJAMIN CORIAT, PATRICE GEOFFRON, MARIANNE RUBINSTEIN
Conclusion: an epochal change…but uncertain future, ROBERT BOYER, TOSHIO YAMADA
Notes
References
Index