The economic system of ‘high-growth-period’ Japan was characterized by various properties such as its unique banking system, industrial policy and lifetime employment. Juro Teranishi argues that since the ‘bubble period’ and the subsequent severe downturn of the economy during the 1990s,...

This book focuses on one of the most important features of the contemporary Japanese economy; cross shareholding – or mutual shareholding – between corporations. The book analyses recent trends and the reasons behind these, and discusses the implications for the entire Japanese economic...

The economics of language remains neglected territory. Language makes information operational. As a social technology, it is a resource of the symbolic species – some argue it defines the human species. Language affects ability to find employment; cultural identity, effective communication in...

This outstanding collection spanning three decades comprises a superb selection of Charles R. Plott’s work in experimental economics. Market Institutions and Price Discovery contains papers which define problems, create laboratory methodology and produce the first results in many areas of...

Is economics becoming a hard science? What power does it offer to explain, predict or influence economic events? These provocative questions are addressed in this major book by a group of acclaimed economists which discusses the scientific status of their discipline and its research agenda.

This two volume set includes the most influential writings on international debt. In addition to essential early material, the editors have assembled the key contributions written during the unfolding of the modern international debt drama from the early 1970s. An introductory chapter by the...

This important collection of previously published articles and papers, together with an original introduction by the editor, provides both a comprehensive overview of the subject and a more detailed examination of the issues.

Recent crises in emerging markets have raised doubts about the desirability of relaxing controls on capital mobility. George Fane, however, uses evidence from the crises in Asia and Latin America to reassert the traditional case that such controls are an excessively blunt instrument for...

Haluk Akdogan’s innovative study uses asset pricing theories to test the status of international capital market integration. This book differs fundamentally from other studies of integration in two respects. First, it is based entirely upon financial theory rather than the pure theory of...

This book contributes to the current rapprochement between economics and sociology. It examines the fact that individuals use rules and interdependencies to forward their own interests, while living in social environments where everyone does the same. The authors argue that to construct durable...