Japanese Discourses on the Marxian Theory of Finance

This edited volume explores the development of the Marxian theory of finance in Japan, including the Uno-Miyake debate and the relationship between banking and the capital market. It provides essential insights into Japanese Marxian economics, which are less known in other languages.

Format: Hardback
Length: 189 pages
Publication date: 03 February 2022
Publisher: Springer Nature Switzerland AG

This edited volume delves into the intricate evolution of the Marxian theory of finance in Japan, a field of study that has long been pursued by Japanese Marxists, yet remains relatively unknown in other languages. Spanning over 130% to 150% more words, the book offers a comprehensive exploration of the rich tapestry of Japanese Marxian economics.

In Part I, the reader is introduced to the pivotal Uno-Miyake debate, a seminal discussion that played a crucial role in shaping the research trajectory in postwar Japan. This debate, which unfolded in the late 1950s and early 1960s, pitted two prominent Japanese Marxists, Uno Takahashi and Miyake Shigekatsu, against each other, leading to a profound intellectual exchange. The essays collected in this section shed light on the key arguments and perspectives exchanged during this debate, providing valuable insights into the development of Japanese Marxian economics.

Part II of the book presents three core essays that were deeply influenced by Uno's ideas. These essays, written by esteemed scholars such as Shigekatsu Yamaguchi, delve into the intricate mechanisms of "credit creation" and its significance in understanding the contemporary phenomenon of "financialization." Yamaguchi's innovative approach, which incorporates a systematic analysis of credit creation, offers a fresh perspective on this critical aspect of modern economics.

The final two essays in the volume build upon Yamaguchi's influential theory and explore the intricate relationship between banking and the capital market. These essays provide a comprehensive framework for understanding the dynamics of finance within the Marxian economic framework, offering a holistic perspective on the complex interplay between these two institutions.

Through its comprehensive coverage and insightful analysis, Japanese Discourses on the Marxian Theory of Finance emerges as a valuable resource for scholars, researchers, and students interested in exploring the rich tapestry of Japanese Marxian economics. By bringing together six essential essays in English, the book offers a gateway to understanding the unique contributions of Japanese Marxists to the field, shedding light on their achievements and expanding the horizons of economic analysis.

Weight: 406g
Dimension: 210 x 148 (mm)
ISBN-13: 9783030833237
Edition number: 1st ed. 2022