By Yasusuke Murakami
In his ultimate paintings, one who distills a long time of analysis and inspiration, a unique financial philosopher became social scientist and thinker confronts 3 an important questions dealing with the area on the finish of the century: How and in what shape can a harmonious and sturdy post-cold battle global order be created? How can the realm hold the commercial functionality useful for the health and wellbeing of individuals whereas minimizing foreign monetary conflicts and additional deterioration of the world’s atmosphere? What has to be performed to shield the freedoms of all peoples?In trying to resolution those questions, Murakami criticizes classical political-economic research and gives his personal “anticlassical” analyses and visions for the subsequent century. via classical political-economic research, Murakami refers to analyses of energy politics in response to the geographical region method and to classical and neoclassical monetary research which holds that unimpeded pageant and loose exchange are primary bases for expanding wealth for the good thing about all. Murakami’s anticlassical stance takes the shape of a brand new, intellectually built-in and reasoned notion referred to as “polymorphic liberalism,” which argues that conventional “progressivism”—the trust that people have an final precise course on which they are going to achieve a great social and political-economic system—can now not meet today’s demanding situations.
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This is a question that neither classical economists, such as David Ricardo, nor neoclassical economists have been able to answer satisfactorily. For Murakami, the principal reason for the failure to answer this question resides in the essential character of neoclassical economic theory, which is a theory for developed capitalist economies and not one that explains industrialization. In analyzing industrialization, what is central is not the stability and equilibrating trendsthe homeostatic characterof markets and the economy, but decreasing cost and the dynamically chang- Page xxiii ing character of markets and the economy, which necessarily result from technological progress.
Cost curve of decreasing-cost industry 155 5. Pseudosupply zone of decreasing-cost industry: the case of nonelastic demand 159 6. Pseudosupply zone of decreasing-cost industry: the case of elastic demand 159 Page xiii Translator's Preface Yasusuke Murakami passed away on July 1, 1993, just after this book was published in Japan. I have translated this work because I am convinced it contains a vision supported by truly seminal, interdisciplinary analyses that should be read widely around the world.
The nationalism of today will remain poorly defined unless and until a new world order that can accommodate it is created. The future of antinationalism or transnationalism"some form of the denial of the nation-state before proceeding toward internationalism" as an antithesis of nationalismremains "murky indeed" in the absence of such a new order. Murakami also sees two other very significant obstacles to transnationalism. One is the undeniably persistent salience of "natio" (a Latin root of "nation"), which Murakami uses to mean the shared sociocultural values, consciousness, and identity of each ethnic group or people because of a common history, language, and literature.
An Anticlassical Political-Economic Analysis: A Vision for the Next Century by Yasusuke Murakami