A Microtheory of the Japanese Economy
Focusing on the intricacies of Japanese microeconomic institutions, this book offers detailed and systematic insights rather than simply celebrating Japan's economic achievements. It delves into the unique structures and mechanisms that underpin the country's economy, providing a comprehensive understanding of its microeconomic landscape.
Masahiko Aoki's memoir recounts his journey from a post-World War II childhood to becoming a prominent economist and institutional builder. He reflects on his activism against Japan's rearmament, his studies in Marxist and mathematical economics, and his academic tenure at prestigious institutions like Stanford and Harvard. Aoki's contributions to comparative institutional analysis and the establishment of various research centers highlight his influence on social sciences. The English edition aims to inspire a new generation of social scientists with his life story.
The 2008-9 financial crisis demands we look anew at the role of corporations, and the working of financial markets around the world. In this book, Masahiko Aoki provides a compelling new analysis of the corporate firm; the role of shareholders, managers and workers; and institutional governance structures.
Uses differences in firm and market regulation and organization to explain differences in national economic performance. Applying game theory, contract theory, and information theory, this book describes the rules and conventions in Japan, the USA, and the transitional economies. schovat popis