It has been shown by Polinsky and Shavell that the strict liability rule is socially superior to the negligence liability rule when firms are injurers, strangers are victims, and accidents have a unilateral nature if prefect competition among firms prevails. This article considers the problem of...

This article discusses the relationship between Japanese labor law and employment customs, building on this rationalistic understanding of the Japanese employment customs. Our basic conclusion is as follows. The Japanese employment custom developed naturally through an agreement among the...

This study clarifies the nature and political effect of nationalist political thought in prewar Japan (1800-1941). A common belief that Japanese nationalism is of a particular nature unique to Japan, and that it is anti-liberal-democratic, feudal, hierarchical, and militaristic is denied. My...