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Japan and Two World Economic Depressions

In: Japan and World Depression

Author

Listed:
  • Martin Bronfenbrenner

Abstract

This title is taken from Professor Penrose himself.1 His two-part essay was presumably written during the academic year 1934–5, a time of ‘false recovery’ 2 from the Great Depression of the 1930s. My own effort has two aims: (1) to comment on Penrose’s discussion of Japan in the early 1930s in the cold, clear light of hindsight, and (2) to compare that period with Japan’s role in the current world economic malaise — depression seems too strong a term. (This malaise, or depression if you insist, is also experiencing as I write — autumn 1983 — what may be a ‘false recovery’.3)

Suggested Citation

  • Martin Bronfenbrenner, 1987. "Japan and Two World Economic Depressions," Palgrave Macmillan Books, in: Ronald Dore & Radha Sinha (ed.), Japan and World Depression, chapter 4, pages 32-51, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-349-07520-1_4
    DOI: 10.1007/978-1-349-07520-1_4
    as

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