Since the end of World War II, the Japanese economy has seen rapid changes and remarkable progress. It has also experienced a bubble economy and period of prolonged stagnation. The book seeks to address three major questions: What kind of changes have taken place in the postwar years? In what...

The purpose of this book is to explain the changes in specific macroeconomic variables such as the relative share of labour, the profit rate and the real wage rate in advanced capitalist economies, in relation to the influence of the business cycle in income distribution. To explain these...

Historical Changes of the Japanese Economy -- Recovery Period (Reforms, Social and Political Changes, and Economic Policy) -- Rapid Economic Growth -- Results of the Rapid Economic Growth: Positive Effects -- Results of the Rapid Economic Growth: Negative Effects or Distortions -- Bubble Economy...