Advances in Japanese Business and Economics

Macroeconomics, Trade, and Social Welfare

Authors: Ohyama, Michihiro

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  • Introduces new methodologies in economic analysis
  • Provides a theoretical reexamination of modern trade and macroeconomic policies
  • Presents the neo-Keynesian (or mixed economy) synthesis of macroeconomic theory
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eBook $109.00
price for USA in USD (gross)
  • ISBN 978-4-431-55807-1
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Hardcover $149.99
price for USA in USD
  • ISBN 978-4-431-55805-7
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $149.99
price for USA in USD
  • ISBN 978-4-431-56697-7
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

This book develops new, original methods of welfare comparison and comparative dynamics between distinct and discretely positioned (rather than continuously related) socioeconomic situations. These methods are not only realistic but also extremely relevant to serious economic problems. Using them, the book sheds illuminating new light on the theoretical analysis of Keynesian economics and other important issues of political economy. For instance, it shows that the principle of effective demand applies exactly as Keynes put it to the unemployment equilibrium in the short run. It also shows that the equilibrium may change along the expansion path as the government chooses to vary its expenditure to maximize national welfare. The same methods are effectively employed theoretically to investigate modern trade policy issues such as gains from trade, the theory of tariffs, free trade agreements, and the role of the WTO. Those methods are also used to study the welfare and efficiency of various socioeconomic situations.

About the authors

Michihiro Ohyama is a professor emeritus of Keio University, Tokyo, Japan. He is the former president of the Japanese Economic Association and the Japan Society of International Economics. His major publications include “On the Stability of Generalized Metzlerian Systems,” Review of Economic Studies, Vol. 39 (1972); “Trade and Welfare in General Equilibrium,” Keio Economic Studies, Vol. 9 (1972); and “Market, Trade and General Equilibrium,” Japanese Economic Review, Vol. 50 (1999).

Professor Ohyama conducted research at the University of New South Wales, Tel Aviv University, and the University of Minnesota. His research has ranged from general equilibrium theory to welfare economics, macroeconomics, and international economics. References to his works are found in Keio Economic Studies 42(1–2), 2005, a special issue in his honor.

Table of contents (12 chapters)

Table of contents (12 chapters)

Buy this book

eBook $109.00
price for USA in USD (gross)
  • ISBN 978-4-431-55807-1
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $149.99
price for USA in USD
  • ISBN 978-4-431-55805-7
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $149.99
price for USA in USD
  • ISBN 978-4-431-56697-7
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Macroeconomics, Trade, and Social Welfare
Authors
Series Title
Advances in Japanese Business and Economics
Series Volume
14
Copyright
2016
Publisher
Springer Japan
Copyright Holder
Springer Japan
eBook ISBN
978-4-431-55807-1
DOI
10.1007/978-4-431-55807-1
Hardcover ISBN
978-4-431-55805-7
Softcover ISBN
978-4-431-56697-7
Series ISSN
2197-8859
Edition Number
1
Number of Pages
XIII, 232
Number of Illustrations
330 b/w illustrations
Topics