Property Rights and Indigenous Tradition Among Early 20th Century Japanese Firms

Yoshiro Miwa () and John Ramseyer

No CIRJE-F-104, CIRJE F-Series from CIRJE, Faculty of Economics, University of Tokyo

Abstract: In several fields, modern academics trumpet the contingency of social science and the indeterminacy of institutional structures. The Japanese experience during the first half of the 20th century, however, instead tracks what much-derided chauvinists have claimed all along: modern legal institutions largely trump indigenous organizational frameworks, and modern rational-choice theory nicely predicts how people respond to such institutions. As orientalist as it may seem, such theory goes a long way toward explaining the real world in which we live. Prepared for a conference on the rule of law in Asia, UCLA School of Law, January 2001.

Pages: 13 pages
Date: 2001-02
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Citations: View citations in EconPapers (2)

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