Economics, within the sleek feel of the note, used to be brought into Japan within the moment 1/2 the 19th century. besides the fact that, jap thinkers had already built, in the course of the 17th and eighteenth centuries, quite a few fascinating methods to matters equivalent to the motives of inflation, the price of exchange, and the function of the country in financial task. Tessa Morris-Suzuki presents the 1st complete English language survey of the improvement of financial suggestion in Japan. She considers how the learn of neo-classical and Keynesian economics was once given new impetus through Japan's 'economic miracle' whereas Marxist concept, quite good verified in Japan, was once constructing alongside traces which are basically now commencing to be well-known through the West. She concludes with an exam of the unconventional rethinking of basic monetary idea at the moment occuring in Japan and descriptions a few of the intriguing new ways that are rising from this 'shaking of the principles.
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Additional info for A History of Japanese Economic Thought (Nissan Institute Routledge Japanese Studies Series)
Real learning also means a precise knowledge of present day affairs. Many of the deeds which occur today are not encompassed by the wisdom of the Ancients. In general, we can say that learning is useless if it does not shed light upon the present. (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.
These include Buddhism, Confucianism, Shamanism and Western thought. (Maruyama 1967:8) Maruyama goes on to suggest that Japanese thinkers have tended to combine these elements in a rather random and eclectic way, and therefore that the A HISTORY OF JAPANESE ECONOMIC THOUGHT 39 development of Japanese ideas has been characterized by a lack of continuity and coherence. As far as Japanese economic thought is concerned, however, the haphazard mixing of Western and non-Western ideas is not particularly evident.
The lord buys from the retainer, and ECONOMIC THOUGHT IN TOKUGAWA JAPAN 29 the retainer sells to the lord. It is a market exchange, and this buying and selling is a good and not an evil thing. (Kaiho 1970:222) The ultimate conclusion of this line of reasoning is the identification of market exchange as the principle (ri) which, in Confucian thought, imparts order and harmony to human society. e. profit). Commerce and profit-making therefore come to be seen as vital forces regulating the natural order of things.
A History of Japanese Economic Thought (Nissan Institute Routledge Japanese Studies Series) by Morris-Suzuki