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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


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


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


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