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Professor Aoki when he was interested in dynamic processes in the market economy

Author

Listed:
  • Yoshinori Shiozawa

    (Osaka City University)

Abstract

Masahiko Aoki is known in the English-speaking world as a creator and founder of comparative institutional analysis. However, Masahiko Aoki’s interests changed several times. As he himself recalled in his autobiography, Aoki made in his life seven intellectual ventures in five different fields. In this paper, I would like to address a more little-known aspect and period of Aoki’s research agenda. Although Aoki’s interests changed greatly throughout his career, there was under the surface a consistent and coherent stream: the study of organizations. His interest in organizations started from a sizable one, i.e., the centrally planned economy, to a smaller one: firms. Between these interests, there was a period where Aoki was deeply interested in the dynamic process of the market economy. During this period, I had a chance to work as his research assistant at the Kyoto Institute of Economic Research (KIER), an institute at Kyoto University. This paper is a recollection of my days in KIER with Professor Aoki.

Suggested Citation

  • Yoshinori Shiozawa, 2017. "Professor Aoki when he was interested in dynamic processes in the market economy," Evolutionary and Institutional Economics Review, Springer, vol. 14(2), pages 541-554, December.
    • Handle: RePEc:spr:eaiere:v:14:y:2017:i:2:d:10.1007_s40844-017-0083-4
    DOI: 10.1007/s40844-017-0083-4
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    References listed on IDEAS

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    1. Masahiko Aoki, 1977. "Dual Stability in a Cambridge-type Model," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 44(1), pages 143-151.
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    More about this item

    Keywords

    Masahiko Aoki; Obituary; Dynamic process; Kyoto Institute of Economic Research; Himeoka Reiji; Leonid Hurwicz;
    All these keywords.

    JEL classification:

    • B23 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Econometrics; Quantitative and Mathematical Studies
    • B24 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Socialist; Marxist; Scraffian
    • B32 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Obituaries
    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium
    • C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • D47 - Microeconomics - - Market Structure, Pricing, and Design - - - Market Design
    • J39 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Other
    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • P51 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems

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