The Japanese Economy
2nd Revised edition
By (author) David Flath
Japanese Economy by David Flath
Book DescriptionDespite 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 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 that 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 the rise of the Japanese economy.
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Book DetailsISBN: 9780199278619
(254mm x 195mm x 26mm)
Imprint: Oxford University Press
Publisher: Oxford University Press
Publish Date: 16-Jun-2005
Country of Publication: United Kingdom
Books By Author David Flath
Japanese Economy, Paperback (March 2014)» View all books by David Flath
Comprehensive survey of Japan's economic history and current situation. Concise description of Japanese economic institutions and events, integrated with cogent explanations rooted in economic logic. Extensive annotation to the scholarly literature.
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Author Biography - David Flath
David Flath is Professor of Economics at North Carolina State University, where he has been employed since 1976. He has previously been Visiting Professor of Economics at Kyoto University (2001-2) and at Osaka University (1995-6), and is the author of numerous academic articles on the Japanese economy.
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