Michio Morishima Knihy

The analysis presented in this book builds on over 40 years of research, utilizing a Hicksian model influenced by John Hicks's Value and Capital. It incorporates money and securities while examining the theory of the firm through demand and supply plans, inputs, outputs, and inventory dependencies. The text explores the stability of temporary equilibrium in both linear and non-linear contexts, defining structural stability to enhance understanding of economic motion. Additionally, it addresses advancements in economic theory since the model's inception.

Focusing on the economics of industrial society, this book critiques existing economic theories while presenting an original model that encompasses neo-classical, Marxist, and Keynesian perspectives. It emphasizes real-world problem-solving, exploring individual market operations, foreign exchange rates, and unemployment issues. Additionally, it examines the fiscal and monetary policies necessary to address unemployment, particularly in the context of an industrial country reliant on external sources for raw materials. This makes it a valuable resource for students and educators alike.

The book presents a unique interpretation of Japan's economic success by examining its historical development. The author, a prominent Japanese economist, explores how a deeply ingrained national ethos has intertwined with imported religious, social, and technological ideas, leading to the emergence of distinct cultural traits. This analysis provides insights into the factors that have shaped Japan's economic landscape, highlighting the interplay between tradition and external influences.

Focusing on the Japanese economy, the author examines various societal and economic models, highlighting their unique characteristics and implications. Through this analysis, Professor Morishima provides insights into how different systems function and interact, offering a comprehensive understanding of economic dynamics within diverse cultural contexts.

This work presents a critical integration of growth theory and monetary theory, proposing a capital-theoretic general equilibrium framework. It aims to provide a comprehensive understanding of how capital accumulation influences economic growth and monetary dynamics, addressing gaps in existing theories and offering a robust analytical approach. The synthesis is essential for economists seeking to understand the interplay between these two fundamental areas of economic theory.

The book explores Japan's economic evolution from "capitalism from above" to "capitalism from below," reflecting on the country's recent economic struggles and shifts in governance. It delves into the Japanese ethos, national history, and educational influences, alongside a sociological analysis of the economy and business practices. The author provides a comprehensive examination of these factors, culminating in a long-term forecast for Japan’s future amidst its challenges and weak democratic structures.