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With this book, the author continues his investigation into the economic history of twentieth-century Japan that he began in Lever of Empire. In this book, he focuses on the successful stabilization of Japanese capitalism after the Second World War. How did a defeated and heavil…
A nation's capital stock is widely recognized as a crucial determinant of the productivity of its workers and the standard of living of its citizens. Tracking the evolution of capital is therefore a critical input to economic history. The economist Robert E. Gallman (1926-98) …