Publications in English

<Books in English>

· Disequilibrium Dynamics -- A Theoretical Analysis of Inflation and Unemployment, Cowles Foundation Monograph 27, (New Haven: Yale University Press, 1981). [This book is now downloadable from http://cowles.econ.yale.edu/P/cm/m27/index.htm]

· “The Second End of Laissez-Faire—The Bootstrapping Nature of Money and the Inherent Instability of Capitalism,” Chap. 14 in Heiner Ganssmann ed., New Approaches to Monetary Theory: Interdisciplinary Perspectives, (London: Routledge, 2011), pp. 237-266. [http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1861949]

· “What Will Become of the Japanese Corporation?” Chap. 5 in K. Hamada, K. Otsuka, G. Ranis and K. Togo eds., Miraculous Growth and Stagnation in Post-War Japan (London, Routledge, Apr., 2011), pp. 54-74. [PDF file:Jan.2011 version]

· “Do Corporations Belong to Their Shareholders?: U.S.-Style Shareholder Rights Orientation Will Not Become the Mainstream in the Twenty-First Century,” Japanese Economy 33 (4), Winter 2006-7, pp. 6-15.

· “What is Corporation? -- The Corporate Personality Controversy and Comparative Corporate Governance,” Chap. 14 in F. Cafaggi, A.Nicita and U. Pagano eds., Legal Orderings and Economic Institutions, (London: Routledge 2007). [PDF file: Aug 2003 version.]

· “The Nature of the Business Corporation - Its Legal Structure and Economic Functions,” Japanese Economic Review, 53 (3), Sept. 2002, pp. 243-273. [PDF file]

· “Schumpeterian Dynamics: A Disequilibrium Theory of Long-run Profits,” in Lionello Punzo ed. Cycles, Growth and Structural Change, (London: Routledge, 2001); pp.169-200. [PDF file: CIRJE Discussion Paper, F-31 version.]

· “Evolution of Money”, in U. Pagano and A. Nicita eds., The Evolution of Economic Diversity, (London: Routledge, 2001), pp. 396-431.[http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1861952]

· “Divergence in Corporate Governance Models: the Role of Institutional Shocks,” with F. Barca, U. Pagano and S. Trento, in A. Boltho, A. Vercelli and H. Yoshikawa eds. Comparing Economic Systems: Italy and Japan, (London: Palgrave, 2000), pp.15-40; Revised Version of Economic Systems 23 (1) article.

· “A Contribution to the Evolutionary Theory of Innovation, Imitation and Growth,” Journal of Economic Behavior and Organization, 43 (2), Oct. 2000, pp. 167-198. [PDF file]

· “Persons, Things and Corporations: the Corporate Personality Controversy and Comparative Corporate Governance,” American Journal of Comparative Law, 47 (4), Fall 1999, pp. 583-632. [ http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1861919]

· “Divergence of the Italian and Japanese Corporate Governance Models: the Role of Institutional Shocks,” with F. Barca, U. Pagano and S. Trento, Economic Systems, 23 (1), March 1999, pp. 35-59.

· “The Bootstrap Theory of Money -- A Search-Theoretic Foundation of Monetary Economics”, Structural Change and Economic Dynamics, 7(4) Dec. 1996, pp. 451-477; “Corrigendum,” 9(2) 1998, p. 269.[PDF file: July 1997 version.]

· “The Japanese Firm as a Worker-Managed Enterprise”, Japanese Economic Studies, 23(2), March-April 1995.

· “Towards a Disequilibrium Theory of Long-run Profits,” Journal of Evolutionary Economics, 1(1), 1991, pp. 19-21.

· “Schumpeterian Dynamics, Part II: Technological Progress, Firm Growth and ‘Economic Selection’”, Journal of Economic Behavior and Organization, 5(3), Aug.-Dec. 1984, pp. 321-351. [PDF file]

· “Schumpeterian Dynamics: An Evolutionary Model of Innovation and Imitation”, Journal of Economic Behavior and Organization, 5(2), June 1984, pp. 159-190. [PDF file]

· “The Firm in Uncertain Markets and its Price, Wage and Employment Adjustments”, Review of Economic Studies, 41(2), April 1974, pp.257-76.

· “Optimal Economic Growth and Stationary Ordinal Utility -- A Fisherian Approach”, Journal of Economic Theory, 5(1), August 1972. [PDF file]

<Unpublished Articles and Keynote Presentations in English>

· “The Foundation for a Unified Theory of Fiduciary Relationships: ‘One May Not Make a Contract with Oneself’”, Working Paper Available at SSRN, Aug 2016 [http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2424098]

· “Capitalism and Cultures – Universality and Particularity of the Corporate System across Societies,” PPT for the Clarke Lecture at Cornell Law School, March 26, 2014 [PDF File].

· “The Moral Responsibility of Business Corporations and Fiduciary Individuals,” PPT for Keynote Speech at INSEAD-Wharton Conference on ‘The Moral Responsibility of Firms: For or Against,’ December 12-13, 2013 [PDF File].

· “Japanese Traditional Arts and New Form of Capitalism – Identifying Ethics at the Base of Arts and Capitalism,” PPT for Keynote Address at Tokyo Conference2013: Culture and Society Innovation, Oct. 25, 2013 [PDF File].

· “What Will Become of the (Japanese) Corporation? – A Comparative Perspective,” 9^th John Whitney Hall Lecture at Yale University, Nov. 2007 [PDF file]

· “How to Really Circulate Electric Cash on the Internet,” Mimeograph, Aug. 1995. [PDF file]

· “The New Year’s Eve in Ihara Saikaku - Tokugawa Capitalism and Narrative Structure,” Mimeograph, a paper delivered at University of Michigan and Cornell University, Nov. 1989. [PDF file]

· “Fiat Money and Aggregate Demand Management in a Search Model of Decentralized Exchange,” CARESS Working Paper #88-16 (Dept of Economics, University of Pennsylvania), Sept. 1988 [PDF file]; “Addendum,” CARESS Working Paper #89-01 (Dept. of Economics, University of Pennsylvania), Dec. 1988. [PDF file]

· “The Evolution of Money - A Search-Theoretic Foundation of Monetary Economics,” CARESS Working Paper #88-03 (Dept. of Economics, University of Pennsylvania), Feb. 1988. [PDF file]

· “What is Macroeconomics? - Knut Wicksell and Macroeconomic Analysis,” RIJE Discussion Paper 87-F-12 (Faculty of Economics, University of Tokyo), Oct. 1987. [PDF file]

· “Towards Keynesian Micro-Dynamics of Price, Wage, Sales and Employment,” CFDP No.369 (Cowles Foundation, Yale University), Feb. 1974.

<Short Articles, Interviews and Dialogues published in English>

· “Global Economic Crisis and the Future of Dollar as Key Currency,” Japan Echo (March, 2009)[PDF file]

· ”Improving Earthquake Resistance to Expand Demand,” Nihon Keizai Shimbun on February 16, 2009.[ http://www.tokyofoundation.org/en/articles/2009/improving-earthquake-resistance-to-expand-demand].

· “Global Financial Crisis Shows Inherent Instability of Capitalism,” Asahi Shimbun, October 17, 2008. [http://www.tokyofoundation.org/en/articles/2008/global-financial-crisis-shows-inherent-instability-of-capitalism]

· “New M&A Rules to Encourage the Selection of Good Managers,” The Nihon Keizai Shimbun, February 6 2008. [http://www.tokyofoundation.org/en/articles/2008/new-m-a-rules-to-encourage-the-selection-of-good]

· “The Company in a Post-Industrial Capitalist Economy,” Japan Echo (June, 2007)

· “The Company in Post-Industrial Capitalism (1),” interview by Masashi Miura, Japan Echo (February, 2004)

· “The Company in Post-Industrial Capitalism (2),” interview by Masashi Miura, Japan Echo (April, 2004)

· “Assessing the State of the Japanese Company,” dialogue with Yotaro Kobayashi, Japan Echo (October,2003)

· “Comment to Alessandro Innocenti’s ‘Production Outsourcing in Italian Manufacturing Industry’, ” in Massimo Di Matteo and Paolo Piacentini eds., The Italian Economy at the Dawn of the 21st Century, (Hampshire: Ashgate, 2003), pp.233-235.

· “The US dollar dominates the world economy,” Asahi Evening News, (June 8, 1997).

[▲BACK]