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Macroeconomics and the Japanese economy / Hiroshi Yoshikawa.
- Format:
- Book
- Author/Creator:
- Yoshikawa, Hiroshi, 1951-
- Language:
- English
- Subjects (All):
- Japan--Economic conditions--1945-.
- Japan.
- Economic conditions.
- Japan--Economic policy--1945-.
- Economic policy.
- Macroeconomics.
- ea9601.
- Local Subjects:
- ea9601.
- Physical Description:
- xix, 472 pages : illustrations ; 25 cm
- Place of Publication:
- Oxford [England] ; New York : Oxford University Press, 1995.
- Summary:
- This work proposes a new approach to macroeconomics which draws upon the experience of the Japanese economy. The approach is similar to the Old Keynesian view: it rejects the Walrasian approach, and singles out real demand as the fundamental determinant of output in the economy as a whole. However, by maintaining that real demand constraints are important not only in the short-run, but in the long-run as well, it goes beyond what is normally understood as the Keynesian approach. It is also very different from the New Keynesian Economics; in particular, it regards the rigidity of nominal wages/prices as of secondary importance. The work is extensively illustrated by almost 200 figures and tables of data.
- Notes:
- An earlier version published in 1992 in Japanese under title: Nihon keizai to makuro keizaigaku.
- Includes bibliographical references (page [437-464) and index.
- ISBN:
- 0198233264
- OCLC:
- 32012681
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