This book elucidates the economic conditions and policies during the post War Japanese economy from the view point of an influential policy maker. Dr. Osamu Shimomura is one of the most eminent economists in Japan. He entered the Ministry of Finance and played a crucial role in actualizing the...

This book reconstructs Keynesian macroeconomics so that it is compatible with the neoclassical dynamic microeconomic theory. This theory adopts three postulates: rational expectations, perfect price flexibility, and exclusion of the money in utility function (MIU). Based on the new theoretical...

Part I Reconsideration of The General Theory -- 1 Analyzing the Structure of The General Theory -- 2 Analyzing Book I of The General Theory -- 3 Analyzing Book II of The General Theory -- 4 Analyzing Book III of The General Theory -- 5 Analyzing Book IV of The General Theory -- 6 Analyzing Book...

pt. 1. The politico-economic situation in contemporary Japan -- part 2. The macroeconomic policies in the prolonged economic stagnation -- part 3. The meltdown of Japanese firms -- part 4. Towards the reincarnation of Japanese economy.