04138nam 2200721Ia 450 991077953890332120200520144314.00-8014-6790-X0-8014-6791-810.7591/9780801467912(CKB)2550000001039481(OCoLC)835981058(CaPaEBR)ebrary10679151(SSID)ssj0000880461(PQKBManifestationID)11561004(PQKBTitleCode)TC0000880461(PQKBWorkID)10873468(PQKB)10979045(StDuBDS)EDZ0001504877(MiAaPQ)EBC3138457(MdBmJHUP)muse28859(DE-B1597)478729(OCoLC)979970005(DE-B1597)9780801467912(Au-PeEL)EBL3138457(CaPaEBR)ebr10679151(CaONFJC)MIL681805(EXLCZ)99255000000103948120120712d2013 uy 0engur|||||||||||txtccrCapital as will and imagination[electronic resource] Schumpeter's guide to the postwar Japanese miracle /Mark MetzlerIthaca, NY Cornell University Pressc20131 online resource (317 p.)Cornell studies in moneyBibliographic Level Mode of Issuance: Monograph1-322-50523-3 0-8014-5179-5 Includes bibliographical references and index.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 -- IndexWith 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.Cornell studies in money.CapitalJapanHistory20th centuryCapitalismJapanHistory20th centuryCreditJapanHistory20th centurySaving and investmentJapanHistory20th centuryJapanEconomic conditions1945-1989CapitalHistoryCapitalismHistoryCreditHistorySaving and investmentHistory330.952/04Metzler Mark1957-1493868MiAaPQMiAaPQMiAaPQBOOK9910779538903321Capital as will and imagination3717103UNINA