Economics, within the smooth experience of the note, used to be brought into Japan within the moment 1/2 the 19th century. although, eastern thinkers had already constructed, through the 17th and eighteenth centuries, various attention-grabbing ways to matters akin to the reasons of inflation, the price of alternate, and the function of the country in monetary task. Tessa Morris-Suzuki offers the 1st entire English language survey of the improvement of financial concept in Japan. She considers how the research of neo-classical and Keynesian economics was once given new impetus through Japan's 'economic miracle' whereas Marxist proposal, fairly good tested in Japan, used to be constructing alongside strains which are simply now starting to be well-known via the West. She concludes with an exam of the unconventional rethinking of primary financial thought at present occuring in Japan and descriptions the various intriguing new ways that are rising from this 'shaking of the principles.
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Extra resources for A History of Japanese Economic Thought (Nissan Institute Routledge Japanese Studies Series)
By 1860, Shōnan, who never travelled outside Japan and probably never read any major Western economic, political, or social text, had acquired some surprising, if rather idealized, insights into the nature of Western society. Of the United States he wrote, for example: In America, since the time of Washington, three major policies have been established. The first is to prevent wars throughout the world, since there is nothing on earth as wretched as killing one another. The second is to gather knowledge from all nations so as to enrich the economy.
In this chapter we shall examine the process by which Japanese thinkers, as they became increasingly familiar with Western economics, began to select certain Western ideas as being particularly relevant to their interests, and to give these ideas a specifically Japanese interpretation. THE MEIJI POLITICAL AND ECONOMIC REFORMS The Meiji Restoration opened the way for a fundamental reorganization of Japan’s political and economic system. In 1869 the independent political and economic powers of the domains were abolished, and Japan became a unitary and centralized state.
But even more importantly, Baigan, in contrast to Sorai and other samurai intellectuals, offered his merchant followers a philosophy that dignified, rather than condemned, the activities of trade and profit-making. In doing so, Baigan was not proposing any radical alteration to the Tokugawa status system. Unlike the seventeenth-century anarchist Andō Shōeki, he did not condemn the samurai 24 A HISTORY OF JAPANESE ECONOMIC THOUGHT class as ‘lunatics indeed, who, while fed by the people and thus their sons, yet call the people their sons’ (Norman 1949:243).
A History of Japanese Economic Thought (Nissan Institute Routledge Japanese Studies Series) by Morris-Suzuki