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Government Bureaucrats and Capitalist Institutions in 1870s Japan

In: Confucian Capitalism

Author

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  • John H. Sagers

    (Linfield College)

Abstract

This chapter focuses on Shibusawa Eiichi’s work as an official in the Meiji government from 1869 to 1873 where he played a critical role in laying the groundwork for tax, currency, and industrial promotion policies as well as other institutions for economic development. As a government official, Shibusawa’s ideas of Confucian capitalism evolved as he explored institutions of Western market capitalism as the means to the Confucian ends of a stronger state and more prosperous people. Shibusawa’s own narrative of his departure from government to head the new Dai-Ichi Bank characterized this move as a sharp break with official life motivated by a strong desire to work in the private sector to elevate the status of commerce and industry in Japanese society.

Suggested Citation

  • John H. Sagers, 2018. "Government Bureaucrats and Capitalist Institutions in 1870s Japan," Palgrave Studies in Economic History, in: Confucian Capitalism, chapter 3, pages 51-83, Palgrave Macmillan.
    • Handle: RePEc:pal:palscp:978-3-319-76372-9_3
    DOI: 10.1007/978-3-319-76372-9_3
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