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Japan's Capitalism: Creative Defeat and Beyond (Canto original series)


by Shigeto Tsuru
Japan's Capitalism: Creative Defeat and Beyond (Canto original series)
List Price: $31.99
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Manufacturer: Cambridge University Press
Average Customer Rating: Average rating of 5.0/5Average rating of 5.0/5Average rating of 5.0/5Average rating of 5.0/5Average rating of 5.0/5

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Binding: Paperback
Dewey Decimal Number: 332
EAN: 9780521576215
ISBN: 0521576210
Label: Cambridge University Press
Number Of Items: 1
Number Of Pages: 292
Publication Date: 1996-07-13
Publisher: Cambridge University Press
Studio: Cambridge University Press

Spotlight customer reviews:

Customer Rating: Average rating of 5/5Average rating of 5/5Average rating of 5/5Average rating of 5/5Average rating of 5/5

Summary: an insider's view of japan's post-war economy

Comment: Among the many (usually lengthy) works on the subject of Japan's post-war economy, this slim (pp277) volume is outstanding. The well-connected, Harvard-educated Tsuru was intimately involved in many of the landmark events described, especially the shaping of economic policy during the Occupation years. Throughout this lively and original analysis of economic policy-making and its political contexts, he provides an invaluable insider's view. Tsuru's socialist sympathies mean he is not just another capitalist apologist, ready to overlook the social costs of Japan's high-speed growth, but neither is he an ideologue unable to recognise the achievements. His approach is humane, often refreshingly personal, and anchored by a profound knowledge of his subject. There are insights throughout, such as the way the credit squeeze imposed in 1949-50 by Joseph Dodge helped revive the zaibatsu, by knocking out their competition, at a time when declared US policy was the elimination of the old corporate cartels. Anyone interested in understanding how Japan's economy took off and where it might be headed now should read this book.



Editorial Reviews:

Customer Rating: Average rating of 5/5Average rating of 5/5Average rating of 5/5Average rating of 5/5Average rating of 5/5

Summary: an insider's view of japan's post-war economy

Comment: Among the many (usually lengthy) works on the subject of Japan's post-war economy, this slim (pp277) volume is outstanding. The well-connected, Harvard-educated Tsuru was intimately involved in many of the landmark events described, especially the shaping of economic policy during the Occupation years. Throughout this lively and original analysis of economic policy-making and its political contexts, he provides an invaluable insider's view. Tsuru's socialist sympathies mean he is not just another capitalist apologist, ready to overlook the social costs of Japan's high-speed growth, but neither is he an ideologue unable to recognise the achievements. His approach is humane, often refreshingly personal, and anchored by a profound knowledge of his subject. There are insights throughout, such as the way the credit squeeze imposed in 1949-50 by Joseph Dodge helped revive the zaibatsu, by knocking out their competition, at a time when declared US policy was the elimination of the old corporate cartels. Anyone interested in understanding how Japan's economy took off and where it might be headed now should read this book.


Japan's economic reconstruction after total defeat in the Second World War has been an extraordinary phenomenon. Shigeto Tsuru, one of Japan's most eminent economists gives a comprehensive account of the recovery process, and a unique interpretation of the postwar Japanese economy.

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