Modern Civil Law and the Contemporary Economic Mechanism, as Viewed in Japan

Ken'ichi Miyazawa

Japanese Economy, 1980, vol. 8, issue 3, 5-27

Abstract: The legal system, together with other noneconomic systems, has traditionally been treated as "given" in the mainstream of orthodox economics. Its logical structure is built upon this methodological basis. By considering institutional systems as given external conditions and placing these outside of economic analysis, economic logics have been purified and elaborated so much that economics has been elevated to the status of an exact science. In this respect, it should be noted first of all that, despite the significance of popular criticisms against its methodology and its limitations, orthodox economics has yielded notable achievements.

Date: 1980
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DOI: 10.2753/JES1097-203X08035

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