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Introduction to Special Issue on feminism and gender research in Japan 日本女性主义与性别研究专刊导论
The Japanese Political Economy Pub Date : 2021-03-02 DOI: 10.1080/2329194X.2021.1884572
D. Elson
{"title":"Introduction to Special Issue on feminism and gender research in Japan","authors":"D. Elson","doi":"10.1080/2329194X.2021.1884572","DOIUrl":"https://doi.org/10.1080/2329194X.2021.1884572","url":null,"abstract":"Abstract The articles in this Special Issue illuminate important dimensions of gender inequality in Japan; their relation to neoliberal policies; their implications for social reproduction; and the ways in which Japanese scholars are debating and analyzing these issues. They show that gender gaps are generally larger in Japan than in other OECD countries, and that fertility is well below replacement rate. They call for investment in democratized, decentralized and egalitarian systems of care.","PeriodicalId":174725,"journal":{"name":"The Japanese Political Economy","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-03-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128442687","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
The reproductive crisis in neoliberal capitalism: Commenting on D. Elson’s recent paper 新自由资本主义的生殖危机:对D. Elson最近论文的评论
The Japanese Political Economy Pub Date : 2021-03-02 DOI: 10.1080/2329194X.2021.1875847
M. Itoh
{"title":"The reproductive crisis in neoliberal capitalism: Commenting on D. Elson’s recent paper","authors":"M. Itoh","doi":"10.1080/2329194X.2021.1875847","DOIUrl":"https://doi.org/10.1080/2329194X.2021.1875847","url":null,"abstract":"Abstract In the first section, this paper comments favorably on Elson’s recent paper applying the “gender lens” to rising economic inequalities under neoliberal capitalism. Although increased participation of women in the labor market reduced economic inequalities within and between households to some extent, it widened the income gap between capital and labor. I note and comment on similar trends in the Japanese economy. In the second section, this paper examines how to reread Piketty as “patrimonialism without patriarchy” in light of Elson’s critique. In the third section, the widening economic and gender inequalities are located as an important link in the vicious circle of reproductive crisis of our societies, with suggestions for a sounder theoretical foundation and possible strategies for dealing with such crisis for the future.","PeriodicalId":174725,"journal":{"name":"The Japanese Political Economy","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-03-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131939986","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
The Job Guarantee and the Phillips Curve 工作保障和菲利普斯曲线
The Japanese Political Economy Pub Date : 2020-10-01 DOI: 10.1080/2329194X.2020.1864746
W. Mitchell
{"title":"The Job Guarantee and the Phillips Curve","authors":"W. Mitchell","doi":"10.1080/2329194X.2020.1864746","DOIUrl":"https://doi.org/10.1080/2329194X.2020.1864746","url":null,"abstract":"Abstract Many of the major debates in macroeconomics are conducted within the Phillips Curve framework. The debate has moved over time from the policy menu tradeoff between inflation and unemployment to the natural rate world, where unemployment is considered voluntary and there is no discretionary role for aggregate demand management. Modern Monetary Theory (MMT) takes a different approach and identifies two buffer stock approaches to maintaining price stability in a fiat monetary system: (a) unemployment buffer stocks; (b) employment buffer stocks (Job Guarantee). We show that the former is very costly in terms of foregone output and income. Conversely, the Job Guarantee flattens the conventional Phillips Curve by allowing a nation to maintain (loose) full employment with price stability.","PeriodicalId":174725,"journal":{"name":"The Japanese Political Economy","volume":"16 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132256080","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
External debt matters: What are the limits to monetary sovereignty? 外债问题:货币主权的界限在哪里?
The Japanese Political Economy Pub Date : 2020-10-01 DOI: 10.1080/2329194x.2020.1860678
J. Kregel
{"title":"External debt matters: What are the limits to monetary sovereignty?","authors":"J. Kregel","doi":"10.1080/2329194x.2020.1860678","DOIUrl":"https://doi.org/10.1080/2329194x.2020.1860678","url":null,"abstract":"Abstract Proponents of Modern Monetary Theory frequently use the slogan that a nation State that issues its own currency possesses monetary sovereignty. The problem with this definition is that most countries issue their own currency. There are a few such as Ecuador and El Salvador that use the US dollar, or the members of the Eurozone that use a currency, the Euro, that is not issued by a member State, but these are exceptions. For the rest, sovereignty appears to be limited. To assess constraints on sovereignty initially assume a closed economy and abstract from private activity, or assume a socialist economy. Relaxing these initial assumptions will produce the conclusion that private sector activity reduces clarity, but does not impinge on sovereignty. However, the external constraint faced by most open economies does limit monetary sovereignty, irrespective of the exchange rate regime adopted.","PeriodicalId":174725,"journal":{"name":"The Japanese Political Economy","volume":"29 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133768740","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
Modern monetary theory on money, sovereignty, and policy: A marxist critique with reference to the Eurozone and Greece 论货币、主权和政策的现代货币理论:以欧元区和希腊为参照的马克思主义批判
The Japanese Political Economy Pub Date : 2020-10-01 DOI: 10.1080/2329194x.2020.1855593
C. Lapavitsas, Nicolás Águila
{"title":"Modern monetary theory on money, sovereignty, and policy: A marxist critique with reference to the Eurozone and Greece","authors":"C. Lapavitsas, Nicolás Águila","doi":"10.1080/2329194x.2020.1855593","DOIUrl":"https://doi.org/10.1080/2329194x.2020.1855593","url":null,"abstract":"Abstract This article compares and contrasts Modern Monetary Theory and Marxist monetary theory focusing on the relationship of money to commodities, the role of state power in monetary processes, and the significance of global hierarchy for world money. Money is a social relation, as MMT claims, but for Marxist theory capitalist money is specifically a relation of class, both domestically and internationally. The room for state policy is correspondingly constrained, not least because the international monetary system is hierarchical. These issues are placed in historical context by analyzing a politically important plan for Eurozone exit during the Greek crisis of the 2010s. It is shown that regaining monetary sovereignty was a demanding technical problem but also, and more fundamentally, a class issue embedded in relations of international subordination.","PeriodicalId":174725,"journal":{"name":"The Japanese Political Economy","volume":"19 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128071404","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 3
Debating modern monetary theory 辩论现代货币理论
The Japanese Political Economy Pub Date : 2020-10-01 DOI: 10.1080/2329194X.2020.1865821
C. Lapavitsas, Bob Rowthorn
{"title":"Debating modern monetary theory","authors":"C. Lapavitsas, Bob Rowthorn","doi":"10.1080/2329194X.2020.1865821","DOIUrl":"https://doi.org/10.1080/2329194X.2020.1865821","url":null,"abstract":"","PeriodicalId":174725,"journal":{"name":"The Japanese Political Economy","volume":"29 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127255145","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Is government debt net wealth? 政府债务是净财富吗?
The Japanese Political Economy Pub Date : 2020-10-01 DOI: 10.1080/2329194x.2020.1846131
R. Rowthorn
{"title":"Is government debt net wealth?","authors":"R. Rowthorn","doi":"10.1080/2329194x.2020.1846131","DOIUrl":"https://doi.org/10.1080/2329194x.2020.1846131","url":null,"abstract":"Abstract MMT claims that government borrowing makes the private sector wealthier, thereby stimulating expenditure. Robert Barro famously denied this on the grounds that government borrowing leads eventually to higher tax rates. Rational agents will put funds aside to pay these future taxes and will not perceive themselves as wealthier. They will restrain their expenditure following a fiscal stimulus. Using a model inspired by Wynne Godley and Marc Lavoie, this article examines the conditions under which MMT is correct. The decisive factor is the amount of slack in the economy. The greater the amount of slack, the closer MMT is to reality.","PeriodicalId":174725,"journal":{"name":"The Japanese Political Economy","volume":"20 15 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123589910","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Does the national debt matter? 国家债务重要吗?
The Japanese Political Economy Pub Date : 2020-10-01 DOI: 10.1080/2329194X.2020.1867586
L. Wray, Yeva Nersisyan
{"title":"Does the national debt matter?","authors":"L. Wray, Yeva Nersisyan","doi":"10.1080/2329194X.2020.1867586","DOIUrl":"https://doi.org/10.1080/2329194X.2020.1867586","url":null,"abstract":"Abstract In this paper, we use the Modern Money Theory framework to analyze whether government debt (and deficits) in a country with its own sovereign currency presents a problem. We argue that permanent deficits and even a rising debt ratio are normal, especially in developed nations with current account deficits. In contrast to the conventional approach, which views deficits and debt as policy variables, we demonstrate that they are ex post outcomes which depend on economic performance. Further, in nations with sovereign currency, it is hard to imagine a scenario in which a rising deficit and the debt ratio would trigger an attack by bond vigilantes, lead to government insolvency, or generate high inflation or high interest rates. The claim that debt beyond a certain threshold impairs growth is also suspect since the observed empirical correlations are likely due to lower growth creating higher deficits. Lastly, we argue that deficit and debt ratios have no bearing on a nation’s fiscal policy space, which depends on the real resources it can mobilize.","PeriodicalId":174725,"journal":{"name":"The Japanese Political Economy","volume":"26 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122316130","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 5
Export restrictions in the Japan-China-U.S. Trilateral relationship 日本-中国-美国的出口限制。三方关系
The Japanese Political Economy Pub Date : 2020-07-02 DOI: 10.1080/2329194x.2020.1836498
T. Marukawa
{"title":"Export restrictions in the Japan-China-U.S. Trilateral relationship","authors":"T. Marukawa","doi":"10.1080/2329194x.2020.1836498","DOIUrl":"https://doi.org/10.1080/2329194x.2020.1836498","url":null,"abstract":"Abstract The U.S., in its current offensive against Chinese high-technology industries, is employing export restriction measures developed during the Cold War as weapons for Western economic warfare against the Communist bloc. This study reviews how the export control regime was created, as well as how Japan and China became involved in economic warfare. Based on the hypothesis that the scope of export restrictions is determined by the perception of the target countries’ threat, foreign pressure, and foreign availability, this study explores factors that influence the scope of restriction in the case of Sino-Japanese trade. The author found that export restrictions justified by security concerns were often used to pursue industrial policy goals. In most circumstances, such restrictions turned out to be ineffective in achieving aims and were painful to implement.","PeriodicalId":174725,"journal":{"name":"The Japanese Political Economy","volume":"62 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-07-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122122410","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Structuring of transborder flows of national industrial Capital: Japan in the 1970s and 1980s, and China in the 2000s and 2010s 国家产业资本跨境流动的结构:20世纪70年代和80年代的日本，21世纪头十年和2010年代的中国
The Japanese Political Economy Pub Date : 2020-07-02 DOI: 10.1080/2329194x.2020.1814159
Xiaomin Huang
{"title":"Structuring of transborder flows of national industrial Capital: Japan in the 1970s and 1980s, and China in the 2000s and 2010s","authors":"Xiaomin Huang","doi":"10.1080/2329194x.2020.1814159","DOIUrl":"https://doi.org/10.1080/2329194x.2020.1814159","url":null,"abstract":"Abstract This study employs a broad, “Northian” framework of institutional analysis to investigate the effects of institutions of different national jurisdictions on the structuring of transborder outflows of Japanese industrial capital in the 1970s and 1980s and Chinese industrial capital in the 2000s and 2010s. While general theories, such as the stage theory of industrial development, can explain the growth of national industrial capital in the source country, this study focuses on the effects of institutions on the surge and the regional and sectoral destinations of Japanese and Chinese industrial capital outflows. These institutions are laws, policies and guidelines of the state; rules and normal practices in corporate organization and financing, and mechanisms of state-industry relations in the source country; laws, regulations, policy and practices of the host country in regulating and managing inflow foreign industrial capital; and intergovernmental arrangements for transborder industrial capital flow and operation. The study finds these three sets of institutions formed an effective transborder institutional environment that influenced national industrial capital to invest in certain countries and industrial sectors. The distinct institutional forms of organizing transborder industrial production in Japan’s case then and China’s case now are different from the multilateral institutional approach that dominated East Asia from the 1990s.","PeriodicalId":174725,"journal":{"name":"The Japanese Political Economy","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-07-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131939285","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
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