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Capital As Will and Imagination: Schumpeter's Guide to the Postwar Japanese Miracle [Kietas viršelis]

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  • Formatas: Hardback, 277 pages, aukštis x plotis x storis: 235x155x25 mm, weight: 907 g, 7 tables - 2 Tables, unspecified - 11 Charts
  • Serija: Cornell Studies in Money
  • Išleidimo metai: 15-Apr-2013
  • Leidėjas: Cornell University Press
  • ISBN-10: 0801451795
  • ISBN-13: 9780801451799
Kitos knygos pagal šią temą:
Capital As Will and Imagination: Schumpeter's Guide to the Postwar Japanese MiracleDidesnis paveikslėlis
  • Formatas: Hardback, 277 pages, aukštis x plotis x storis: 235x155x25 mm, weight: 907 g, 7 tables - 2 Tables, unspecified - 11 Charts
  • Serija: Cornell Studies in Money
  • Išleidimo metai: 15-Apr-2013
  • Leidėjas: Cornell University Press
  • ISBN-10: 0801451795
  • ISBN-13: 9780801451799
Kitos knygos pagal šią temą:
Pastovi nuoroda: https://www.kriso.lt/db/9780801451799.html
Raktažodžiai:
Metzler (history, UT Austin) investigates the creation of inflationary credit, a term that he borrows from capitalist economist Joseph Schumpeter, in the context of post-war Japan. To this end, he considers how the innovation of this financial instrument spearheaded Asian industrialization and modern capitalism as we know it. He tries to grasp the two part flow of materials and energy that physically constitute wealth, on the one hand, and representational or ideal monetary flows that indicate social wealth. In this vein, he argues that strictly materialist analyses cannot fully account for how finance capital operates, and that poetic and philosophical methodologies are needed, which leads him to draw on German romantic writers, Goethe and Schopenhauer. Financial capital, he aims to show, is a performative act of the social imagination. After five chapters sketching out the history of prices and developing his philosophical investigation of "what is capital?" he spends six chapters examining Japan's post-war economic history in terms of industrial policy and credit restriction programs. A final chapter returns to the question of capital itself and how after the heroic phase of industrial growth came the great debt-bubble that would peak in 1989. An appendix summarizes data about currency in circulation and total bank balances. Annotation ©2013 Book News, Inc., Portland, OR (booknews.com)

Recenzijos

Metzler has produced an incisive work full of stimulating insights into the capitalist development process as well as new and challenging ways of thinking about Japan's economic performance since World War II.

- Steven J. Ericson (Journal of Japanese Studies) This richly detailed study of the financial roots of Japan's high-growth era and meditation on the high costs of the ensuing bubble collapse is highly recommended for not only students of Japanese financial history, but anyone interested in the role of states and banks in the future of world capitalism.

- John Sagers (The Journal of Asian Studies) While maintaining a theoretical emphasis on these Schumpeterian principles of economic growth, Metzler also gives us a rich description of how one economy, that of early post-war Japan, executed the Schumpeter.... In this analysis, Metzler displays a careful, thorough examination of sources.... It is refreshing to see a book that emphasizes the role of the Ministry of Finance (mof) and the Economic Planning units.

- Tom Roehl (The Journal of Interdisciplinary History) Capital as Will and Imaginationis a Schumpeterian guide to the postwar economic miracle in that the inflationarycreation of credit was theorized by Schumpeter (over a century ago!). Indeed, Metzlerpresents compelling reasons for why we should be paying attention to Schumpeter'sideas right now.Thought-provoking, intellectually curious, and at timesdownright challenging, Capital as Will and Imagination tests the reader's knowledgeand interpretation of the events that have come to characterize and define modernJapanese history. Replete with astute references and finely drawn observations, it is awork of great wisdom and intellect, a must for all those who seek to understand themiracle of Japan's postwar economic growth.

- Simon James Bytheway (Momumenta Nipponica)

Daugiau informacijos

Winner of Runner Up, 2014 Professor Robert W. Hamilton Book.
List of Tables
xi
Acknowledgments xiii
Abbreviations xv
Note on Terms and Conventions xvii
Introduction: Inflation and Its Productions 1(7)
1 The Revolution in Prices
8(12)
1.1 Faustian Capital
1.2 World War I and the Political Economy of Twentieth-Century Inflation
1.3 Postwar Stabilization
1.4 The Great Inflation of the 1940s
1.5 Exporting Inflation
1.6 The Inflation Comes Home
2 Dramatis Personae
20(16)
2.1 "The Schumpeter Vogue"
2.2 At the Monetary Bonfire
2.3 The Marxists
2.4 The Capital Creator
2.5 The Schumpeterians
3 What Is Capital?
36(17)
3.1 When New Capital Comes onto the Stage
3.2 The Distribution of Promises
3.3 Credit Inflation the Mechanism of Capitalist Development
3.4 Capital as Indication
3.5 The Capitalist Process as an Ideal-Material Circuit
4 Flows and Stores
53(12)
4.1 Energy, Capital, and Debt
4.2 Flows of Production
4.3 Stores of Promises
4.4 Saving Follows from Investment
4.5 Power and Planning
5 Japanese Capitalism under Occupation
65(17)
5.1 Imagining Postwar Development
5.2 First Responses: Burning, Looting, and Printing
5.3 The Amplification of Monetary Flows
5.4 The Constriction of Material-Energetic Flows
5.5 Liquidating Japanese Capitalism
6 Inflation as Capital
82(27)
6.1 The Ishibashi Line
6.2 The ESB Line: "Modified Capitalism"
6.3 Inflation and Social Leveling
6.4 Taxation as Monetary Regulation
6.5 The Limits of Modified Capitalism
7 Interlude (Deflation)
109(28)
7.1 Joseph Dodge and the Theory of Capital Restriction
7.2 The Sphere of International Capital
7.3 Ministers of Restriction
7.4 "The So-Called Stabilization Panic"
7.5 Inside Money and Outside Money
7.6 The World Economic Crisis
8 The State-Bank Complex
137(21)
8.1 Banking as Economic Governance
8.2 Superdirect Finance
8.3 The Privatization of the Positive Policy
9 The Turning Point
158(15)
9.1 A Schumpeterian Turning Point
9.2 Social Sources of Keynesian Stabilization
9.3 The Second Try at Global Postwar Stabilization: Some Interim Conclusions
9.4 Dollar Capital as Divine Providence
9.5 "Dangerous Delusions"
10 High-Speed Growth: The Schumpeterian Boom
173(15)
10.1 The Restoration of the Business Cycle
10.2 "The Postwar Is Over": The Schumpeterian Boom Begins
10.3 Ishibashi and Ikeda: The Ascent of the Positive Policy
10.4 The International Circuit: The External Capital Constraint
11 High-Speed Growth: Indication and Flow
188(16)
11.1 The Domestic Circuit: Imagined Capital for Real Growth
11.2 Monetary "Flows," "Leakages," and "Absorption"
11.3 Credit Creation as Planning; Planning as Credit Creation
11.4 The Investment Doubling Plan
12 Conclusions: Credere and Debere
204(21)
12.1 Norms and Exceptions
12.2 Stocks of Debt and Debt-Destruction Crises
12.3 Autodeflation
12.4 Mirrors and Miracles
Appendix 225(8)
Notes 233(26)
References 259(28)
Index 287
Mark Metzler is Associate Professor of History at the University of Texas at Austin. He is the author of Lever of Empire: The International Gold Standard and the Crisis of Liberalism in Prewar Japan.