The Japanese Economy.

Cover
The Japanese Economy
Copyright
Dedication
Preface to the Third Edition
Preface to the Second Edition
Preface to the First Edition
Contents
List of Figures
List of Tables
Editor's Note
Introduction
The principles of economics apply in Japan as they do elsewhere
Major themes
Japan's economic growth and development
Japan's integration with the world economy
Government policies and their effects
Economic institutions and practices peculiar to Japan
A final comment
1: Incomes and Welfare of the Japanese Today
GDP and national income.

Spending is either for consumption, investment, or accumulation of foreign wealth
Investment contributes to sustainable consumption
Consumption levels and national income
Real income indices and revealed preferences
The index number problem
Substitution
Nonmarket goods
Shadow prices of nonmarket goods
Comparing the value of nonmarket goods in Japan and the United States
The distribution of wealth
The underground economy
Conclusion
FURTHER READING
2: Economic History, Part 1: The Tokugawa Period (1603-1868) and the Meiji Era (1868-1912)

Tokugawa Period (1603-1868)
Precursors of the Tokugawa hegemony
The baku-han system
The caste system (shi-nō-kō-shō )
Alternate attendance (sankin kōtai )
The honbyakushō system
The seclusion policy (sakoku)
Economic development during the Tokugawa era
The Meiji era (1868-1912)
Early steps of the new government, 1869-1871
Land tax reform
Dispossession of the samurai
Administration of the Finance Ministry under Matsukata, 1881-1886
Industry, trade, and imperialism in the late Meiji era
Meiji industrialization in light of the Gerschenkron thesis.

Conclusion
FURTHER READING
Data
Tokugawa Period
3: Economic History, Part 2: The Twentieth Century (1912-1945)
World War I boom
Zaibatsu
Small firms
The 1920s: party politics and deflation
Military government and the wartime economy, 1931-1945
Conclusion
Appendix
FURTHER READING
4: Economic History, Part 3: Postwar Recovery (1945-1964)
The American Occupation, 1945-1952
Democratization
The rise and fall of government controls over the postwar economy
The Solow growth model
Basic premises of the model
Constant returns to scale.

Constant national saving rate
Constant growth rate of labor
Technological change
The Solow growth model and Japan
The Japanese production function
Return to steady state
Conclusion
FURTHER READING
5: Saving
Measurement of saving
Trends and fluctuations in Japanese national saving
Government saving
Saving rates of Japan versus other countries
Theories of saving
Life-cycle paradigm
Ricardian paradigm
Keynesian views on saving
Analysis of Japanese saving patterns
Conclusion
FURTHER READING
6: Macroeconomy
Business cycles in Japan.