Michio Morishima

Michio Morishima (Japanese森 嶋 通 夫, Michio Morishima, born July 18, 1923 in Osaka Prefecture, † 13 July 2004) was a Japanese economist and professor emeritus at the London School of Economics ( 1970-1988 Sir John Hicks Professor ) and the University of Osaka, a member of the British Academy.

Morishima began with the study of economics and sociology Yasuma Takada. After graduation from the University of Kyoto, he taught both there and at the University of Osaka. From 1946, in the UK at the University of Essex and at the LSE. In 1965, he was ranked as the first Japanese President of the econometric society.

His main interest was the equilibrium theory, the history of economic thought and the social formation of capitalism. His goal was to expand the 1937 developed by John von Neumann multisector growth model to a general equilibrium model. He also underwent the theories of Karl Marx and of Léon Walras a review on the foundations of the work of David Ricardo.

About Ricardo, Marx and Walras

Almost ten years long Morishima held at the LSE lectures on Marx, Walras and Keynes, in the light of contemporary economic analysis. This led to books on each Marx and Walras. Even before completion of the planned third book Morishima came to the discovery that Marx and Walras in no way represented as diametrically opposite approaches, such as the commonly held view. The transformation problem and the schemes of reproduction in Marx ( Capital, Vol II) are equivalent or correspond to the Walrasian equilibrium analysis. At least two economists used many of the same tools in their system analysis. This discovery led Morishima back to both economists shared " guru", David Ricardo. In Ricardo's Economics Morishima works out that was in the days of Ricardo, Marx and Walras, the theoretical core of economics from an old form of equilibrium theory which is completely different from the more recent, which by names like Hicks, Arrow, Debreu, FH Hahn, Malinvaud and others is featured. However Morishimas main interest is not the theory to rewrite history, but to relate the analysis of the classical economists on problems of the modern.

Works

  • Equilibrium, Stability and Growth ( 1964)
  • Theory of Economic Growth (1969 )
  • Marx 's Economics ( 1973)
  • The Economic Theory of Modern Society ( 1976)
  • Why Has Japan, succeeded '? (1982)
  • The Economics of Industrial Society ( 1984)
  • Ricardo's Economics. A general equilibrium theory of distribution and growth. Cambridge University Press 1989. ISBN 0-521-36630-5
  • What can Japan do? Proposals for East Asian Community., 2005. ISBN 978-3-89129-890-9
July 13 Das Kapital Kenneth Arrow Gérard Debreu Integrated Authority File
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