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Social Institutions and Economic Purpose

In: Japan’s Economic Policy

Author

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  • G. C. Allen

    (University of London)

Abstract

Japan’s economic achievements during the last twenty-five years (1948–73) cannot be fully understood if attention is concentrated on the events of that period. It is for this reason that I have thought it necessary, in a paper concerned primarily with Japan’s recent material progress, to extend my scrutiny to the historical background. This paper is directed to an analysis of the economic factors and such a limitation is convenient because of the difficulty of covering the subject ‘in the round’ within a reasonable compass. But I am aware that an explanation that looks to economic factors alone is likely to be incomplete. I must, therefore, state at the outset that, important as these factors obviously have been—they include the supply of national resources, human and material, their organisation and direction, the distribution of responsibilities and authority, capital accumulation and allocation, the management of demand and the functioning of marketsthey cannot be dissociated from the country’s social institutions and political purposes.

Suggested Citation

  • G. C. Allen, 1980. "Social Institutions and Economic Purpose," Palgrave Macmillan Books, in: Japan’s Economic Policy, chapter 9, pages 158-170, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-04515-0_9
    DOI: 10.1007/978-1-349-04515-0_9
    as

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