Taming the Contradictions of Capitalism

Laura Hein

in Reasonable Men, Powerful Words

Published by University of California Press

Published in print January 2005 | ISBN: 9780520243477
Published online March 2012 | e-ISBN: 9780520931572 | DOI:
Taming the Contradictions of Capitalism

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In the 1950s, Ōuchi Hyōe's group was centrally involved in several policy debates over how to institutionalize higher standards of living for all Japanese. Most crucially, they were determined to reshape the economy rather than simply enlarge it. Thus, beginning with the 1946 plan they co-authored at the Ministry of Foreign Affairs, the Ōuchi group argued for changing the nature of capitalism in Japan so that both wealth and opportunity would be more evenly distributed among Japanese. The Ōuchi group emphasized new labor and social welfare policies and changes in consumer behavior. The theoretical issue behind the economists' concern was that of a dual economic structure, and Arisawa Hiromi is credited with coining the equivalent Japanese term, nijū kōzō. In the final analysis, Ōuchi and the others believed that an equitable economy could evolve out of rationalized and reformed capitalism.

Keywords: Ōuchi Hyōe; standards of living; Japan; economy; capitalism; social welfare; consumer behavior; dual economic structure; nijū kōzō; labor policy

Chapter.  8934 words. 

Subjects: Asian History

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