The Marriage of Politics and Economy: Elite Fusion in the Age of Modernization

Tomoko Matsumoto and Tetsuji Okazaki
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Tomoko Matsumoto: Institute of Arts and Sciences, Tokyo University of Science
Tetsuji Okazaki: Faculty of Economics, The University of Tokyo

No CIRJE-F-1221, CIRJE F-Series from CIRJE, Faculty of Economics, University of Tokyo

Abstract: Modern state-building brings profound political and economic transformations, challenging established elites and opening doors for emerging ones. While previous empirical studies have explored feudal elites’ persistence and emerging elites’ struggles, limited research has examined how emerging elites integrate into existing elite networks. This study investigates the responses of old and new elites during modernization. By constructing a unique dataset detailing kinship connections among Japanese elites in 1902, 1914, and 1927, we revealed shifts in elite kinship networks and their influence on controlling political and economic resources. The findings indicate that modernization transformed the Japanese elite community, with many commoners becoming elite by 1902. Nonetheless, these new elites often found themselves isolated within that community as they lacked kinship ties with other elites. Conversely, peerage political elites already held centrality in the elite kinship network in 1902, and their influence continued to grow over time. However, by 1927, the new economic elites, initially without kinship networks, had managed to establish connections within the elite community, leading to the emergence of an expanded and hierarchical elite community, blending the old and new elites, in which an individual’s centrality in the network became closely linked to his/her political or economic position.

Pages: 38 pages
Date: 2023-10
New Economics Papers: this item is included in nep-his
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Persistent link: https://EconPapers.repec.org/RePEc:tky:fseres:2023cf1221

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