The Fable of the Keiretsu: Urban Legends of the Japanese Economy

The Fable Of The Keiretsu Urban Legends Of The Japanese Economy
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Ramseyer received a call from the Japanese consul general in September to tell him that he would be given the Order of the Rising Sun award. That was all about Confucian filial piety — so of course as soon as he hung up, I called my year-old mother. She was proud.

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It was with even greater anticipation, then, that Ramseyer looked forward to November 3, knowing that his mother would be so happy to see her son officially recognized for his lifetime of achievements. The honor came mixed with grief and sudden loss.

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Ramseyer attended Harvard Law School and then served as a law clerk for Stephen Breyer, who would later go on to become an associate justice of the United States Supreme Court. Ramseyer is a prolific researcher and has published widely on the subjects of both Japanese law and economics. He has also written on nuclear energy in Japan, the Japanese legal profession, Japanese land reform, legal consciousness in Japan, and a host of other topics. Ramseyer is perhaps best known for his skill in applying rigorous empirical data and clear-cut analysis to legal and social questions, and for his courage in tackling contentious problems head-on.

It is these characteristics that have led him to ground his research in evidence and solid fact.

We will feature his insights into some of the legal and social issues facing Japan today. May 29, am.

Urban Legends of the Japanese Economy

We use cookies to give you the best possible experience. Mark Ramseyer. No one can accuse Harvard Law professor J. Chicago: University of Chicago Press, But in this book, J.

Paul Martin Leave your thoughts. June 19, pm. Chizuko T.

7 Japanese Urban Legends & True Stories

Within keiretsu groups, argue these observers, firms preferentially trade, lend money, take and receive technical and financial assistance, and cement their ties through cross-shareholding agreements. Mark Ramseyer demonstrate that all this talk is really just urban legend. In their insightful analysis, the authors show that the very idea of the keiretsu was created and propagated by Marxist scholars in post-war Japan. Western scholars merely repatriated the legend to show the culturally contingent nature of modern economic analysis. In demolishing these long-held assumptions, they offer one of the few reliable chronicles of the realities of Japanese business.

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Table of Contents Preface ix Acknowledgements xi 1. Introduction 1 2. The Fable of Keiretsu 6 3.

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And of the Zaibatsu 38 4. The Myth of the Main Bank 61 5.

Ramseyer, J. Mark 1954-

And of Outside Directors 89 6. Legends of Government Guidance 7.

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