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Odd Markets in Japanese History: Law and Economic Growth
Abstract
Employing a rational-choice approach, Professor Ramseyer studies the impact of Japanese law on economic growth in Japan. Toward that end, the author investigates the way law governed various markets and the way that people negotiated contracts within those markets. For much of the period at stake, the Japanese government was an oligarchy rather than a democracy; the judges operated a civil rather than common law regime; the economy grew modestly but erratically; and social customs changed rapidly and radically. As a result, this study applies an economic logic, but to markets in a vastly different world, in a different historical period, and with a different political regime and legal system. Findings reveal that the legal system generally promoted mutually advantageous deals, and that people generally negotiated in ways that shrewdly promoted their private best interests. Whether in the markets for indentured servants, prostitutes, or marriage partners, Odd Markets in Japanese History reports little evidence of either age- or gender- related exploitation.
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“That explanation (or part of it) lies instead in the Tokugawa and Meiji (1868-1912) policies that protected and facilitated investments in physical and human capital: in the customs, laws, and courts that enforced claims and transactions involving scarce resources (Ramseyer, 1996).”
From The competitive enforcement of property rights in medieval Japan: The role of temples and monasteries (2009) · cites this paper as Ramseyer, 1996
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Metadata
- Authors
- Ramseyer, J. M.
- Affiliations
- University of Chicago (US)
- Corresponding author
- Ramseyer, J. Mark
- ORCID
- Ramseyer, J. Mark
- Venue
- Cambridge University Press eBooks
- Publisher
- Cambridge University Press
- Published
- 1996-09-28
- OpenAlex
- W2134399632
- Cited by
- 45
- References
- 0
- Citations by year
- 2025: 1 · 2022: 1 · 2021: 1 · 2020: 13 · 2019: 1 · 2018: 4 · 2017: 3 · 2015: 2 · 2014: 1 · 2013: 2
- FWCI
- 3.64
- Type
- book
- Language
- en
- Open access
- closed
- Locations
- Cambridge University Press eBooks (publishedVersion)
- Topics
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Law, Economics, and Judicial Systems
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Historical Economic and Social Studies
- Social Sciences › Cultural Studies › Japanese History and Culture
- Keywords
- Japanese law, economic growth, contract negotiation, legal history, civil law, oligarchy, indentured servants, prostitution, marriage market, social customs, Edo period, Edo bakumatsu
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