By Morris-Suzuki

Economics, within the smooth experience of the observe, used to be brought into Japan within the moment 1/2 the 19th century. in spite of the fact that, eastern thinkers had already built, throughout the 17th and eighteenth centuries, various attention-grabbing techniques to concerns reminiscent of the factors of inflation, the worth of exchange, and the function of the nation in monetary task. Tessa Morris-Suzuki offers the 1st finished English language survey of the advance of monetary proposal in Japan. She considers how the learn of neo-classical and Keynesian economics was once given new impetus by means of Japan's 'economic miracle' whereas Marxist proposal, really good confirmed in Japan, was once constructing alongside strains which are simply now starting to be famous through the West. She concludes with an exam of the novel rethinking of basic fiscal concept presently occuring in Japan and descriptions a number of the intriguing new ways that are rising from this 'shaking of the rules.

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Kaiho 1970:247–8) Thus, although Seiryō was deeply influenced by the writings of Confucian philosophers such as Ogyū Sorai and Dazai Shundai, he took a sceptical approach to many of their economic and political ideas. His scorn was particularly directed at the traditional Confucian notion of the benevolent ruler whose enlightened government would bring peace, abundance, leisure, and prosperity to the whole country. After savagely caricaturing this ideal world where ‘both high and low relax and enjoy themselves…and every variety of food and drink falls as though from heaven’, he concluded sternly that [t]he world where the rulers do not work and yet receive the respect of their subjects, and where the subjects do not work and yet the rulers act like great benefactors and provide goods as charity, will never exist in a million years.

The existence of these ideas and debates within Japan meant that Western economic thought, as it began to be explored, appeared not as something utterly alien and incomprehensible, but as a body of knowledge containing many branches that could be related to and grafted on to the existing stock of Japanese thought. 2 The introduction of Western economic thought: from the Meiji Restoration to the First World War With the Meiji Restoration of 1868 the flow of Western ideas into Japan turned from an uncertain trickle to a flood.

Many of the earliest interpreters of Western 44 INTRODUCTION OF WESTERN ECONOMIC THOUGHT economics, therefore, were not, and could not be, specialist economists, but were rather students of the Western liberal tradition as a whole. This universalist approach to Western culture was particularly evident in the thought and writings of the Meirokusha. The society’s journal, the Meiroku Zasshi, included a number of articles on economic theory and policy, but also addressed the topics of politics, society, religion, education, language, and culture.

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