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 relation of banking with the capital market. It provides essential insights into Japanese Marxian economics, which are rarely known in other languages.

Format: Paperback / softback
Length: 189 pages
Publication date: 04 February 2023
Publisher: Springer Nature Switzerland AG

This edited volume explores the evolution of the Marxian theory of finance in Japan, a field in which Japanese Marxists have made significant contributions but whose achievements have remained largely unknown in other languages. Spanning over 130% to 150% more words, the book brings together six essential essays in English, offering a comprehensive understanding of the history and development of Japanese Marxian economics.

Part I delves into the pivotal Uno-Miyake debate, which played a crucial role in shaping the research trajectory in postwar Japan. This debate centered around the contributions of Uno and his colleagues, particularly their analysis of the role of credit creation in capitalist economies. Part II comprises three core essays influenced by Uno's ideas, including an insightful essay by Shigekatsu Yamaguchi, who introduced a novel method for systematically addressing "credit creation," a crucial aspect to consider when analyzing the contemporary phenomenon of "financialization."

To complete the Marxian theory of finance, the last two essays in the volume examine the relationship between banking and the capital market, building upon Yamaguchi's influential theory. By exploring these interconnected aspects, the book provides a comprehensive framework for understanding the financial dynamics in Japan and sheds light on the contributions of Japanese Marxists to the field of economics.

This edited volume is a valuable resource for scholars, researchers, and students interested in the study of Marxian economics, Japanese economics, and the broader field of economic analysis. It offers a comprehensive and accessible introduction to the development of the Marxian theory of finance in Japan, contributing to our understanding of economic systems and their evolution across different regions and historical contexts.

Weight: 285g
Dimension: 210 x 148 (mm)
ISBN-13: 9783030833268
Edition number: 1st ed. 2022