Economic Theory of Crisis and Depression: An Analysis of Economic Recession in Japan, the United States, and East Asia

Author: (Japan) Hayato Okunoda
Publisher:
Publish Date: 2005-04-01
Features: This book is the crystallization of the author's over 50 years of research in economic crisis theory and history. It elucidates and analyzes the laws governing the operation of modern capitalist market economies, and provides a scientific examination of the development and challenges faced by Japan and the United States since the Great Depression of the 1930s, particularly in the post-World War II era. This offers valuable historical insights for addressing the economic issues and challenges China currently faces. The analysis of the booms and busts in the market economies of Japan and the United States after World War II holds significant importance for understanding these two major economic and trade counterparts of China.
The book dedicates considerable space to analyzing the numerous problems that emerged in the market economies of the United States and Japan since the Great Depression of the 1930s, as well as the roots and structures of these issues. The author intends to promote social democratic reforms within the framework of Japanese capitalism, enabling ordinary citizens to live peacefully and enjoy life. The series editor chose to introduce this work because he believes that the processes and challenges experienced by Japanese and American capitalism since the Great Depression, especially the current economic relationship and difficulties between Japan and the United States, hold significant historical relevance for the issues China faces. Yet, domestic economists and the publishing industry have paid little attention to the importance of this aspect.