Japanese Economists - Albert Ando, Charles Horioka, Eiichi Sugimoto, Fumio Hayashi, Hajime Kawakami, Heiz Takenaka, Hirofumi Uzawa, Hiroko T (Paperback)

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Pages: 27. Chapters: Albert Ando, Charles Horioka, Eiichi Sugimoto, Fumio Hayashi, Hajime Kawakami, Heiz Takenaka, Hirofumi Uzawa, Hiroko ta, Hiroshi Yoshikawa, Ichiro Nakayama, Juichi Soyeda, Katsuhito Iwai, Kazuhide Uekusa, Ken-Ichi Inada, Kotaro Suzumura, Kozo Uno, Makoto Itoh, Masaaki Shirakawa, Masahiko Aoki, Masahisa Fujita, Masaru Kaneko, Michio Morishima, Morio Yukawa, Nobuhiro Kiyotaki, Nobuo Ikeda, Nobuo Okishio, Nobuo Tanaka, Saburo Okita, Sakiko Fukuda-Parr, Shigeto Tsuru, Tadao Yanaihara, Tadashi Sasaki, Taguchi Ukichi, Takafumi Isomura, Takashi Hikino, Takashi Negishi, Takatoshi Ito, Takero Doi, Takeshi Amemiya, Thomas T. Sekine, Tokuz Fukuda, Toshihiko Fukui, Yasuma Takada, Yoshihiro Tsurumi, Yukari Sato, Yukihiro Torikai. Excerpt: Nobuo Okishio, January 2, 1927-November 13, 2003) was a Japanese Marxian economist and emeritus professor of Kobe University. In 1979, he was elected President of the Japan Association of Economics and Econometrics, which is now called Japanese Economic Association. Okishio studied mathematical economics under Kazuo Mizutani. In 1950 he graduated from Kobe University and later taught there. He soon began to doubt the premises and results of modern economics, and decided to search for alternatives by studying Marxian economics. Okishio worked to clarify the logic of Karl Marx's economic system, offering formal and mathematical proofs for many Marxian theorems. For example, in 1955, he gave the world's first proof of the "Marxian fundamental theorem," as it was later named by Michio Morishima, which is the theory that the exploitation of surplus labor is the necessary condition for the existence of positive profit. Concerning Marx's Falling Rate of Profit, Okishio considered that his famous theorem would not deny it. Okishio wrote many papers covering various important fields in modern and Marxian economics, for example value and price, accumulation theory, critical analysis of Keynesian economics, trade cycle theory and on the long run tendency of capitalistic economy. They were published in over twenty books and two hundred papers, almost all in Japanese. About thirty of his published papers have been translated in English, and much of these materials are collected in the book (Nobuo Okishio, Michael Kruger and Peter Flaschel, 1993). Okishio showed how Marxian value is determined quantitatively. The value equation presented by Okishio determines the amount of labor directly and indirectly needed to produce one unit of commodity as follows. ti = aij + i (i = 1, ...., n) where aij is the amount of jth goods and i is the direct labor input needed to produce one unit of ith goods. He first got this idea when he was writing "On Exchange Theory" in 1954 in Japanese an