Origins of Japanese Wealth and Power: Reconciling by J. Sagers

By J. Sagers

This ebook specializes in the trans-Meiji recovery tale of the ideological transformation that made glossy capitalism attainable in Japan. to demonstrate this modification, the e-book appears at 4 key architects of Meiji Japan's capitalist associations: Okubo Toshimichi, Godai Tomoatsu, Matsukata Masayoshi, and Maeda Masana.

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18 ● Origins of Japanese Wealth and Power Unfortunately, loans provided only short-term relief to the daimyo’s financial distress. Rulers also resorted to debasing currency to ease their financial burden. The economic historian Miyamoto Matao has shown that inflation followed a cyclical pattern as the authorities debased currency and engaged in deficit financing to pay for their expenses, which in turn resulted in more money in circulation. This increase in the money supply contributed to a rise in effective demand, which drove prices up.

Then the cloth is woven. 24 This showed a comprehensive view of political economy that included all elements of statecraft, which should be derived from studying the 24 ● Origins of Japanese Wealth and Power creative spirit of the ancient sages. ”25 For Dazai, the important function of a ruler was to bring order to the realm. Consequently, he believed that the Legalists in the classical Chinese tradition had made a greater contribution to their civilization than later Confucian historians gave them credit: It is the sovereign’s work to bring wealth to the country and strengthen the military, which is none other than the Way of the Two Empires and Three Kingdoms.

38 This passage had momentous implications. Chinese culture and institutions had been a profound influence on Japanese political and economic thought for a thousand years. Now Honda was suggesting that this long tradition be discarded in favor of a new model that he believed was more appropriate to Japan’s circumstances. The Tokugawa who enacted the seclusion policy would hardly have called Japan a “maritime nation,” but Honda clearly believed that Japan had much in common with England and Holland, small countries that became wealthy through commerce.

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