The Elgar Companion to John Maynard Keynes
Show Less

The Elgar Companion to John Maynard Keynes

Edited by Robert W. Dimand and Harald Hagemann

The most influential and controversial economist of the twentieth century, John Maynard Keynes was the leading founder of modern macroeconomics, and was also an important historical figure as a critic of the Versailles Peace Treaty after World War I and an architect of the Bretton Woods international monetary system after World War II. This comprehensive Companion elucidates his contributions, his significance, his historical context and his continuing legacy.
Buy Book in Print
Show Summary Details
You do not have access to this content

Chapter 94: Keynesianism in Japan

Masazumi Wakatabe


This chapter surveys the history of Keynesianism in Japan from the first encounters with Keynes in the 1920s to the present. Keynes has been very popular in Japan. The Keynes literature in Japan includes introductions of Keynes’s work to the general reader, the translations of Keynes’s original works, and numerous studies. Japanese historians of economic thought have shown a keen interest in Keynes. The elusive nature of Keynesianism made Keynesian economics very popular in Japan. The reception of Keynesianism in Japan has been influenced by Marxism and developmentalism in its emphasis of the “structural factors” of the economy, its critical stance on the market economy, and the important role of the state. It is also theory orientated, although there are several exceptions. Notwithstanding the popularity of Keynes, academic economists in Japan currently no longer call themselves Keynesians. Keynesianism became marginalized in Japan’s Great Stagnation because of Japanese characteristics of Keynesianism.

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information

or login to access all content.