{"product_id":"capital-as-will-and-imagination-schumpeters-guide-to-the-postwar-japanese-miracle-cornell-studies-in-money-0801451795","title":"Capital as Will and Imagination: Schumpeter's Guide to the Postwar Japanese Miracle (Cornell Studies in Money)","description":"\u003cp\u003e\u003cstrong\u003eISBN:\u003c\/strong\u003e 0801451795\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eAuthor:\u003c\/strong\u003e Metzler, Mark D.\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eCondition:\u003c\/strong\u003e New\u003c\/p\u003e\u003cp\u003eCapital as Will and Imagination investigates the nature of capital creation--a fundamental, unresolved question in the history of capitalism. Japan's experience after World War II offers the clearest possible case study. To understand what happened, this study turns to a neglected aspect of Joseph Schumpeter's theory of economic development: the nexus between money creation by banks, investment, and inflation. Economists and planners in postwar Japan found in Schumpeter's ideas a description of what they saw happening around them. They also put these ideas directly to work. Asian-style high-speed growth, as pioneered in Japan in the 1950s, presents capitalist industrial development in its most intensified form, but in fact the story is a global one. The shadow of credit is debt, and the worldwide debt bubbles of recent times reveal the limits of the twentieth-century growth model.\u003c\/p\u003e","brand":"Mia Karts","offers":[{"title":"Default Title","offer_id":51880887157024,"sku":"NEW0801451795","price":74.34,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0980\/7426\/3840\/files\/71P_OLV8MDL.jpg?v=1781813125","url":"https:\/\/miakarts.com\/products\/capital-as-will-and-imagination-schumpeters-guide-to-the-postwar-japanese-miracle-cornell-studies-in-money-0801451795","provider":"Miakarts Books","version":"1.0","type":"link"}