Odd Markets in Japanese History

Law and Economic Growth

Autor*innen

• J. Mark Ramseyer

Reihen

• Politische Ökonomie von Institutionen und Entscheidungen

Parameter

• 212 Seiten
• 8 Lesestunden

• Japan
• Ökonomie
• Wirtschaft

Mehr zum Buch

Focusing on the intersection of law and economic growth in Japan, the author employs a rational-choice framework to analyze historical markets, particularly those deemed "exploitative," such as indentured servitude and sexual services. He highlights how Japanese courts established clear property rights and how market participants adeptly navigated informational asymmetries during contracts. The findings suggest that Japan's legal system fostered mutually beneficial agreements, leading to efficient economic growth without systematic exploitation based on sex or age.

• Sprache: Englisch
• Erscheinungsdatum: 2007
• Einband: Paperback