Michael,
Can you explain why they 'wish' this tale true?At 00:40 22/10/2004, michael p wrote:
"The Fable of the Keiretsu, and Other Tales of Japan We Wish Were True"
BY: YOSHIRO MIWA University of Tokyo J. MARK RAMSEYER Harvard Law School ABSTRACT: Most of what we collectively think we know about the Japanese economy is urban legend. In fact:
- The keiretsu do not exist, and never did. An entrepreneurial research institute in the 1950s created the rosters to sell to Marxist economists looking for the monopoly capital that their theory told them would dominate their bourgeois capitalist world.
Michael A. Lebowitz Professor Emeritus Economics Department Simon Fraser University Burnaby, B.C., Canada V5A 1S6
Currently based in Venezuela. Can be reached at Residencias Anauco Suites Departamento 601 Parque Central, Zona Postal 1010, Oficina 1 Caracas, Venezuela (58-212) 573-4111 fax: (58-212) 573-7724
