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Is Japan totally exceptional or is it a typical market economy? Is the poor macroeconomic performance of the nineties down to archaic institutions or short term monetary and budgetary policies? The contributions to Japanese Capitalism in Crisis show that there can be a middle ground between these extremes and delivers two benefits: a deeper understanding of long term development and an extension of existing theory. A regulationist approach is used to examine how the periods of growth and crisis can be attributed to the institutions which govern capital accumulation. This book should prove to be invaluable to students and researchers studying the economies of Japan and other east Asian countries as well as all those interested in patterns of boom and recession worldwide.
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