Japanese Discourses on the Marxian Theory of Finance

This edited volume traces the development of the Marxian theory of finance in Japan. Japanese Marxists have long been engaged in this field of study, yet their achievements are hardly known in other languages. Japanese Discourseson the Marxian Theory of Financebrings together in Englishfor the first time six core essays essential to the understandingof the history and development of Japanese Marxian economics. Part I considers theso-called Uno-Miyake debate, which shaped the direction of the research in postwar Japan. Part II includes the three core essays influencedby Uno, including an essay by Shigekatsu Yamaguchi, who introduced a new method to systematically deal with "credit creation" which must be duly taken into consideration if scholars are to analyze today's "financialization." Finally, the last two essays follow fromYamaguchi's influential theory to considertherelation of banking with the capital market to complete the theory of finance in Marxian economics.