Odd Markets in Japanese History La and Economic Groth [Hardcover]

This book uses a rational-choice approach to study the impact of Japanese law on economic growth in Japan.This study investigates the way law governs various markets, and the way that people negotiated contracts within those markets. Findings reveal that the legal system generally promoted mutually advantageous deals, and that people generally negotiated in ways that shrewdly promoted their private best interests.This study investigates the way law governs various markets, and the way that people negotiated contracts within those markets. Findings reveal that the legal system generally promoted mutually advantageous deals, and that people generally negotiated in ways that shrewdly promoted their private best interests.Employing a rational-choice approach, Professor Ramseyer studies the impact of Japanese law on economic growth in Japan. Toward that end, the author investigates the way law governed various markets, and the way that people negotiated contracts within those markets. Findings reveal that the legal system generally promoted mutually advantageous deals, and that people generally negotiated in ways that shrewdly promoted their private best interests. Whether in the markets for indentured servants, prostitutes, or marriage partners, this study reports little evidence of either age- or gender-related exploitation.List of tables; Series editor's preface; Acknowledgements; Introduction; 1. Law and economic growth; 2. Property: water and land; 3. Externalities: smoke and noise; 4. Markets: children; 5. Autonomy: family law; 6. Promissory credibility: sex; 7. Cartels: cotton spinning; 8. Conclusions; References; Index. This is a provocative and original book, one well worth reading and thinking about. Pacific Affairs J. Mark Ramseyer's Odd Markets in Japanese History is a stimulating, infuriating, and truculent series of essays... David L. Howell, Monumenta Nipponica This is a provocative and original book, one well worth reading and thinking about. l£"