Lessons from economic history

Author: Tetsuro Okazaki
Publisher:
Publish Date: 2004-01-01
Features: The author explains the impact of the Edo-period Japanese economy on modernization using historical institutional analysis, and employs numerous case studies to examine lessons from Japanese economic history. The author believes: "The essence of economic problems has not changed, whether in the past or present; the key to overcoming crises lies in history." The author, Tetsuro Okazaki, is dedicated to the study of Japanese economic history and institutional economic theory, enjoying a high reputation in Japan and Western countries. He uses quantitative methods of new economics to test many conclusions of traditional economic research and employs historical institutional analysis to explain the impact of the Edo-period Japanese economy on modernization. What makes his work particularly unique is his use of extensive case studies to explore lessons from Japanese economic history. In today's era of economic globalization, understanding the Japanese economy is beneficial for better understanding the Chinese economy. The author believes: "The essence of economic problems has not changed, whether in the past or present; the key to overcoming crises lies in history."