Veblen's Theory of Institutional Change
An Explanation of the Deregulation of Japanese Financial Markets
Bibliographic Data
| ID | 2811677 |
|---|---|
| Authors | Patrick Raines, Charles G Leathers (University of Alabama) |
| Year | 1995 |
| Volume | 54 |
| Issue | 3 |
| Pages | 357-367 |
| Publication date | 1995-07-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | American Journal of Economics and Sociology (JOURNAL) |
| Journal identifiers | ISSN: 0002-9246 • E-ISSN: 1536-7150 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.1536-7150.1995.tb03439.x |
| OpenAlex | W2013989945 |
| Language | EN |
| References cited | 10 |
In his 1915 essay "The Opportunity of Japan,"Thorstein Veblen theorized that traditionai Japanese institutions would undergo evolutionary change as Japan exploited borrowed industrial technology and became integrated into the global business enterprise system. This article explains the recent liberalization of Japanese financial markets which followed Japan's rise to economic prominence within the context of Veblen's theory of institutional development of the enterprise system. The Japanese process of financial deregulation is reviewed, Veblen's predictions Japan are presented and an explanation provided for the liberalization of Japanese financial markets
Context (archaeology) · Deregulation · Economics · Financial market · Institutional economics · Liberalization · Market economy · Neoclassical economics · Veblen good · Economic Theory and Institutions · Economic Theory and Policy · Finance · Political Economy and Marxism
| Citation velocity | historical |
|---|---|
| Highly cited | No |