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Conclusions: Credere and Debere

Mark Metzler

in Capital as Will and Imagination: Schumpeter's Guide to the Postwar Japanese Miracle

Published in print:
2013
Published Online:
August 2016
ISBN:
9780801451799
eISBN:
9780801467912
Item type:
chapter
Publisher:
Cornell University Press
DOI:
10.7591/cornell/9780801451799.003.0013
Subject:
Political Science, Asian Politics

This chapter concludes the book by returning to the question of capital itself. After the heroic phase of industrial growth came the great bubble; these were two sides of a single process. If not ... More


What is Capital?

Mark Metzler

in Capital as Will and Imagination: Schumpeter's Guide to the Postwar Japanese Miracle

Published in print:
2013
Published Online:
August 2016
ISBN:
9780801451799
eISBN:
9780801467912
Item type:
chapter
Publisher:
Cornell University Press
DOI:
10.7591/cornell/9780801451799.003.0004
Subject:
Political Science, Asian Politics

In postwar Japan, Joseph Schumpeter was seen as a theorist of credit-supercharged high-speed growth. At the heart of this understanding is his conception of capital. Capital in its economic sense can ... More


Introduction: Inflation and Its Productions

Mark Metzler

in Capital as Will and Imagination: Schumpeter's Guide to the Postwar Japanese Miracle

Published in print:
2013
Published Online:
August 2016
ISBN:
9780801451799
eISBN:
9780801467912
Item type:
chapter
Publisher:
Cornell University Press
DOI:
10.7591/cornell/9780801451799.003.0001
Subject:
Political Science, Asian Politics

This introductory chapter sets out the book's purpose, which is to investigate the financial fountainhead of modern capitalist development: inflationary credit creation. For empirical material, it ... More


High-Speed Growth: Indication and Flow

Mark Metzler

in Capital as Will and Imagination: Schumpeter's Guide to the Postwar Japanese Miracle

Published in print:
2013
Published Online:
August 2016
ISBN:
9780801451799
eISBN:
9780801467912
Item type:
chapter
Publisher:
Cornell University Press
DOI:
10.7591/cornell/9780801451799.003.0012
Subject:
Political Science, Asian Politics

By 1963, Japan's new style and pace of development had its own dynamic balance and its own norms. In a longer retrospect, what was now being revealed was a new developmental norm, whose main field of ... More


The State-Bank Complex

Mark Metzler

in Capital as Will and Imagination: Schumpeter's Guide to the Postwar Japanese Miracle

Published in print:
2013
Published Online:
August 2016
ISBN:
9780801451799
eISBN:
9780801467912
Item type:
chapter
Publisher:
Cornell University Press
DOI:
10.7591/cornell/9780801451799.003.0009
Subject:
Political Science, Asian Politics

The relationship between the state and the banking system constitutes a defining feature of a national political-economic system, with implications for many other things. Chapter 7 described how U.S. ... More


High-Speed Growth: The Schumpeterian Boom

Mark Metzler

in Capital as Will and Imagination: Schumpeter's Guide to the Postwar Japanese Miracle

Published in print:
2013
Published Online:
August 2016
ISBN:
9780801451799
eISBN:
9780801467912
Item type:
chapter
Publisher:
Cornell University Press
DOI:
10.7591/cornell/9780801451799.003.0011
Subject:
Political Science, Asian Politics

This chapter considers Japan's High-Speed Growth as an exemplary Schumpeterian long boom and outlines its business-cyclic character. Business cycles were driven by industrial investment, which ... More


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