Joseph Schumpeter’s conceptions of entrepreneurship, innovation, and creative destruction have been hugely influential. He pioneered the study of economic development and of technological paradigm shifts and was a forerunner of the emerging field of evolutionary economics. He is not thought of as a theorist of credit-supercharged high-speed growth, but this is what he became in postwar Japan. As Mark Metzler shows in Capital as Will and Imagination, economists and planners in postwar Japan seized upon Schumpeter’s ideas and put them directly to work.
The inflationary creation of credit, as theorized by Schumpeter, was a vital but mostly unrecognized aspect of the successful stabilization of Japanese capitalism after World War II and was integral to Japan’s postwar success. It also helps to explain Japan’s bubble, and the global bubbles that have followed it. The heterodox analysis presented in Capital as Will and Imagination goes beyond the economic history of postwar Japan; it opens up a new view of the core circuits of modern capital in general.
Joseph Schumpeter’s conceptions of entrepreneurship, innovation, and creative destruction have been hugely influential. He pioneered the study of economic development and of technological paradigm shifts and was a forerunner of the emerging field of evolutionary economics. He is not thought of as a theorist of credit-supercharged high-speed growth, but this is what he became in postwar Japan. As Mark Metzler shows in Capital as Will and Imagination, economists and planners in postwar Japan seized upon Schumpeter’s ideas and put them directly to work.
The inflationary creation of credit, as theorized by Schumpeter, was a vital but mostly unrecognized aspect of the successful stabilization of Japanese capitalism after World War II and was integral to Japan’s postwar success. It also helps to explain Japan’s bubble, and the global bubbles that have followed it. The heterodox analysis presented in Capital as Will and Imagination goes beyond the economic history of postwar Japan; it opens up a new view of the core circuits of modern capital in general.
![Capital as Will and Imagination: Schumpeter's Guide to the Postwar Japanese Miracle](http://img.images-bn.com/static/redesign/srcs/images/grey-box.png?v11.10.4)
Capital as Will and Imagination: Schumpeter's Guide to the Postwar Japanese Miracle
320![Capital as Will and Imagination: Schumpeter's Guide to the Postwar Japanese Miracle](http://img.images-bn.com/static/redesign/srcs/images/grey-box.png?v11.10.4)
Capital as Will and Imagination: Schumpeter's Guide to the Postwar Japanese Miracle
320eBook
Related collections and offers
Product Details
ISBN-13: | 9780801467905 |
---|---|
Publisher: | Cornell University Press |
Publication date: | 04/15/2013 |
Series: | Cornell Studies in Money |
Sold by: | Barnes & Noble |
Format: | eBook |
Pages: | 320 |
File size: | 7 MB |
Age Range: | 18 Years |