TY  - BOOK
AU  - Metzler,Mark
TI  - Capital as Will and Imagination: Schumpeter's Guide to the Postwar Japanese Miracle 
T2  - Cornell Studies in Money
SN  - 9780801451799
AV  - HC465.C3 M48 2016
U1  - 330.95204 23
PY  - 2013///]
CY  - Ithaca, NY : 
PB  - Cornell University Press, 
KW  - Capital
KW  - History
KW  - 20th century
KW  - Japan
KW  - Capitalism
KW  - Credit
KW  - Saving and investment
KW  - Asian Studies
KW  - General Economics
KW  - HISTORY / Asia / Japan
KW  - bisacsh
N1  - Frontmatter --; Contents --; List of Tables --; Acknowledgments --; Abbreviations --; Note on Terms and Conventions --; Introduction: Inflation and Its Productions --; 1. The Revolution in Prices --; 2. Dramatis Personae --; 3. What Is Capital? --; 4. Flows and Stores --; 5. Japanese Capitalism under Occupation --; 6. Inflation as Capital --; 7. Interlude (Deflation) --; 8. The State-Bank Complex --; 9. The Turning Point --; 10. High- Speed Growth: The Schumpeterian Boom --; 11. High- Speed Growth: Indication and Flow --; 12. Conclusions: Credere and Debere --; Appendix --; Notes --; References --; Index; restricted access; Issued also in print
N2  - With this book, Mark Metzler continues his investigation into the economic history of twentieth-century Japan that he began in Lever of Empire. In Capital as Will and Imagination, he focuses on the successful stabilization of Japanese capitalism after the Second World War. How did a defeated and heavily damaged nation manage reconstruction so rapidly? What economic beliefs resulted in the "miracle" years of high-speed economic growth? Metzler argues that the inflationary creation of credit was key to Japan's postwar success-and its eventual demise due to its instability over the long term.To prove his case, Metzler explores heterodox ideas about economic life, in particular Joseph Schumpeter's realization that inflation is intrinsic to capitalist development. Schumpeter's ideas, widely ignored within standard American neoclassical economic theory, were shaped by his experience of Austria's reconstruction after 1918. They were highly influential in Japan, and Metzler traces their impact in the period from the Allied Occupation, starting in 1945, through the Income Doubling Plan of 1960. Japan after defeat, Metzler argues, illustrates the critical importance of inflationary credit creation for increased production
UR  - https://doi.org/10.7591/9780801467912
UR  - https://www.degruyter.com/isbn/9780801467912
UR  - https://www.degruyter.com/document/cover/isbn/9780801467912/original
ER  -