All Posts Tagged With: "Japan"
Japan and the Macroeconomic Debate
“Economics is a very dangerous science” -JOHN MAYNARD KEYNES1 “Economics is haunted by more fallacies than any other study known to man.” -HENRY HAZLITT2 There is no better example of today’s heated debate over macroeconomics than Japan. What policy should this nation–economically the second largest in the world–adopt to start growing again after a decade [...]
1Mar2002 | Mark Skousen | 0 comments | ContinuedCan Japan Compete? by Michael E. Porter, Hirotaka Takeuchi, and Mariko Sakakibara
Perseus Publishing · 2000 · 208 pages · $27.50 Reviewed by Victor A. Matheson What a difference a decade makes. In the late 1980s Japan seemed poised to dominate the world economy. The Japanese had seemingly discovered an improved version of capitalism in which active government intervention in vital export-oriented sectors of the economy, along [...]
1Nov2001 | Victor A. Matheson | 0 comments | ContinuedEducation, Creativity, and Prosperity: East versus West
Christopher Lingle is a visiting professor of economics at ESEADE, Universidad Francisco Marroquín. It is widely believed that a commitment to education is a key element in the “miracle” economic growth experienced in much of East Asia over the past several decades. For example, the introduction of universal primary schooling in Japan is presumed to [...]
1Mar2001 | Christopher Lingle | 1 comment | ContinuedHigh Savings Rates and Asia’s Economic Crises
A high rate of saving among Asians was once credited for its important contribution to the remarkable performance of their “miracle” economies. But Japan’s recession and China’s deflationary cycle indicate that a high rate of saving does not guarantee high growth. This is because high savings reduces overall spending by households and companies. It may [...]
1Dec2000 | Christopher Lingle | 0 comments | ContinuedThe Day of Deceit: The Truth About FDR and Pearl Harbor
On December 7, 1941, the Japanese navy attacked the U.S. fleet at Pearl Harbor. The following day, President Roosevelt described it as “a date that will live in infamy.” In spite of this country’s official neutrality, Roosevelt personally had been eager to have the United States enter the war on the side of England. He [...]
1Dec2000 | Bettina Bien Greaves | 1 comment | ContinuedAmerica in East Asia
Doug Bandow, a nationally syndicated columnist, is a senior fellow at the Cato Institute and the author and editor of several books, including Tripwire: Korea and U.S. Foreign Policy in a Changed World. The Cold War ended a decade ago, but America’s defense posture has changed little, especially in East Asia. Washington policymakers seem determined [...]
1May2000 | Doug Bandow | 0 comments | ContinuedAmerica Is Number 1 Again
In 1991, I prepared an advertising campaign for my book Economics on Trial (Irwin). The headline was: “Japan and Germany Win World War III,” followed by the subtitle, “Their formula multiplies wealth so rapidly that they will achieve their goal of world domination by the year 2000.”
Recently I came across a delightful book that confirms my view that America is once again on top of the world: the fourth edition of The Illustrated Book of World Rankings, edited and compiled by George Thomas Kurian.[2] Out of some 100 positive listings, the United States received top billing in 33 categories. Among them:
1May1999 | Mark Skousen | 0 comments | ContinuedLibertarianism in Japan
David Boaz is executive vice president of the Cato Institute. This is adapted from the preface for the Japanese edition of his book Libertarianism: A Primer. The publication of a primer on libertarianism in Japan is another sign of two heartening developments: the continuing process of the world’s people being drawn closer together, and the [...]
1Jan1999 | David Boaz | 0 comments | ContinuedHow Real Is the Asian Economic Miracle?
The post-war Asian economic miracle has come as a great shock to the economics profession. In my review of the top-ten textbooks (Economics on Trial, Irwin, 1993), few economists tell the wonders of Japanese prosperity and none reveals the secrets of the Four Tigers (Hong Kong, Singapore, Korea, and Taiwan) or the newly industrialized economies (Indonesia, Malaysia, and Thailand).
1Jul1996 | Mark Skousen | 1 comment | ContinuedJapan: Who Governs? The Rise of the Development State
“Trade between the United States and Japan can be fair only if we level the playing field.” So say countless politicians and others who decry the obstacles Japan erects to sales of American products in Japanese markets. Threats last year to impose 100 percent tariffs on Japanese luxury car imports are just one of many [...]
1Feb1996 | Russell Shannon | 0 comments | ContinuedThe Ethics of War: Hiroshima and Nagasaki After 50 Years
Mr. Pavlik is director of The Freeman Op-Ed Program at The Foundation for Economic Education. He is editor of Forgotten Lessons: Selected Essays of John T. Flynn, to be published by FEE next month. The first use of an atomic bomb in warfare took place on August 6, 1945. The weapon was dropped on the [...]
1Sep1995 | Gregory P. Pavlik | 3 comments | ContinuedProtectionism, Old and New
Protectionism, which is the policy of protecting home industries from foreign competition, has many origins. Some date back to the ways of tribal societies which generally viewed foreigners as aliens and enemies. Others are singularly American, arising from economic stagnation and dollar decline. All are the result of misinformation which is more harmful than non-information. [...]
1Aug1995 | Hans F. Sennholz | 0 comments | ContinuedDestruction Is No Blessing
Last January, a devastating earthquake struck Kobe, Japan. Who can forget the awesome scenes of destruction?—skyscrapers reduced to piles of rubble, freeways heaved and twisted, homes wiped out by fire. Thousands perished and one of the country’s leading commercial hubs was left paralyzed. Amid all that ruin, some observers saw a ray of hope. Destruction, [...]
1Jun1995 | Lawrence W. Reed | 0 comments | Continued-
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