The Economic Thought and Economic Policy during the Showa-Crisis: The Return to the Gold Standard Controversy in Japan Revisited (in Japanese)

Masazumi Wakatabe

Economic Analysis, 2003, vol. 171, 110-135

Abstract: This paper explores the role of economic thought in economic policy making during the period up to and including the Showa Crisis, the Japanese counterpart of the Great Depression. The overall majority supported the pursuit of the deflationary policies, which was finally materialized by the Hamaguchi cabinet. The paperattributed the cause of these policies to two sets of ideologies, the Gold Standard mentality and liquidationism. The exit from the Crisis required the exit from these ideologies.

Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:esj:esriea:171f

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