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When we start to perceive that there is a problem in the market (such as monopoly, fraud or speculation), the legislature passes a law to correct it, a bureaucracy is created to interpret and enforce the new law, firms and other market participants comply, and the problem is solved. But is it?...
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When we start to perceive that there is a problem in the market (such as monopoly, fraud or speculation), the legislature passes a law to correct it, a bureaucracy is created to interpret and enforce the new law, firms and other market participants comply, and the problem is solved. But is it?...
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policy level, arguments rage about how Japan and the Japanese economy should plan for the future. In this book, leading … economists and economic historians of Japan examine a range of key issues concerning institutional and technological change in … Japan, rigorously using discipline-based tools of analysis, and drawing important conclusions as to how the process of …
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