 | Capital as Will and Imagination: Schumpeter’s Guide to the Postwar Japanese Miracle Subjects: Capital -- Japan -- History -- 20th century; Capitalism -- Japan -- History -- 20th century; Saving and investment -- Japan -- History -- 20th century; Credit -- Japan -- History -- 20th century; Japan -- Economic conditions -- 1945–1989; Schumpeter Jose; Joseph Schumpeter is not thought of as a theorist of credit-supercharged high-speed growth, but that is what he became in postwar Japan. This new view helps also to explain Japan's bubble, and the global bubbles that have followed it. Mark Metzler is Associate Professor of History at the University of Texas at Austin. He is the author of Lever of Empire: The International Gold Standard and the Crisis of Liberalism in Prewar Japan. |
