Keynesianism, Monetarism, and the Contradiction of Japan's Modern Welfare State

Takaaki Suzuki

Japanese Economy, 2002, vol. 30, issue 2, 42-78

Abstract: The relationship between the state and the market is a controversial one that continues to occupy a prominent place in the field of political science. If "politics" is defined in terms of "who gets what, when and how" or as the "authoritative allocation of values,"1 then nowhere are these issues more directly addressed than in the manner in which nations struggle to find the appropriate balance between the role of the state and of the market in allocating scarce resources while facing numerous and often conflicting societal demands and national objectives.

Date: 2002
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DOI: 10.2753/JES1097-203X300242

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