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Michio MORISHIMA

Michio MORISHIMA, economist in the field of General Equilibrium Theory; History of Economic Thought; Capitalist Economic Systems. Vice-President, President, Econometrics Society, 1964- 1965; Honorary

Member, American Economic Association, since 1976; Foreign Honorary Member, American Academy of Arts and Sciences since 1975; Fellow, British Academy,

; Bunka Kunsho (Cultural Order of Japan), 1976.

Background

  • MORISHIMA, Michio was born in 1923 in Osaka, Japan.

  • Education

    • Bachelor of Arts University Kyoto, 1946.

    Career

    • Assistant Professor, University Kyoto,

      1. Assistant Professor, Professor, University Osaka, 1951-1969. Rockefeller Foundation Fellow, Universities Oxford and Yale,

      8.

      Visiting Senior Fellow, All Souls College, Oxford, 1963-1964. Professor, University Essex, 1968-1970. Chairman, International Centre Economics and Related Disciplines, London School of Economies and Political Science, London, United Kingdom, 1978-1981.

      Sir John Hicks Professor of Economics, London School of Economies and Political Science, London, United Kingdom, London, England, since 1970. Association Editor, Econometrica,

      9. Co-editor, Editor, Int Economic Record, 1960-1970.

      Editorial Boards, Journal of Economic Literature, 1976-1978, Ec, since 1975.

    Major achievements

    • Vice-President, President, Econometrics Society, 1964- 1965. Honorary

      Member, American Economic Association, since 1976. Foreign Honorary Member, American Academy of Arts and Sciences since 1975.

      Fellow, British Academy. Bunka Kunsho (Cultural Order of Japan), 1976.

    Works

    Views

    My economics research began with the mathématisation of Hicks’ Value and Capital model published in my first book (Dogakuteki Keizai Riron, 1951). This demonstrated that Samuelson-Lange type conditions will assure the stability of temporary equilibrium, but that totally different stability conditions obtain for moving equilibria (not conditions in terms of prices but conditions in terms of quantities). This research used Frobenius’ theorem while also introducing the Liapounoff-like function based on an article by Sono.

    I subsequently attempted to develop Frobenius’ theorem so as to be able to include complementary goods. However, the early Value and Capital model later developed into a growth model. My theory has been consistently multisectoral.

    Its focal concern is the accommodation of von Neumann’s growth model to general equilibrium models. It is from this perspective that I have attempted to review the works of Marx and Walras. It is my belief that both were Ricardian and when modified along von Neumann lines, the similarities and differences in the theories of the two men became far clearer.

    I have recently been looking at the workability of economic systems using a far broader perspective which takes into account social factors (e.g.

    Max Weber’s theory that the development of an economy is on a knife-edge with respect to minute differences in ethos).

    Connections

    • mother: Tatsuo Morishima
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    Born 1923

    Contributor  

    Yuliya Yefimchik last changed 27/06/2017 view changes
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    • Major Achievements
      • Vice-President, President, Econometrics Society, 1964- 1965. Honorary Member, American Economic Association, since 1976. Foreign Honorary Member, American Academy of Arts and Sciences since 1975. Fellow, British Academy. Bunka Kunsho (Cultural Order of Japan), 1976.
      • Vice-President, President, Econometrics Society, 1964- 1965. Honorary Member, American Economic Association, since 1976. Foreign Honorary Member, American Academy of Arts and Sciences since 1975. Fellow, British Academy. Bunka Kunsho (Cultural Order of Japan), 1976.
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    • Works
      • book: Equilibrium Stability, and Growth: A Multi-sectiral Analysis
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      • book: Equilibrium Stability & Growth a Multise
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      • book: Equilibrium, Stability and Growth: A Multi-Sectoral Analysis
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      • book: Equilibrium, Stability, And Growth: A Multi-Sectoral Analysis
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      • book: Marx's Economics: A dual theory of value and growth
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      • book: Ricardo's Economics: A General Equilibrium Theory of Distribution and Growth
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      • book: Theory of Economic Growth
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      • book: Value, Exploitation and Growth
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      • book: Marx viewed from economic theory - Modern Michio Morishima Collected Works <8> value and the exploitation and growth (2004) ISBN: 4000925989 [Japanese Import]
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      • book: The Economics of Industrial Society
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      • Tatsuo Morishima
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