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September 10, 2025

Ideological Foundations of Japan’s Economic Policy (1955–1973)

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Japan experienced significant economic growth between 1955 and 1973, fueled by various economic ideologies.
Keynesian economics and Schumpeterian ideas notably shaped government policy during this crucial development period.
The analysis reveals how economists directly and indirectly influenced policymaking, reflecting broader ideological currents.
Understanding these ideological foundations provides insights into Japan's post-war economic strategies and successes.

Abstract

During the period of “miraculous” economic growth, the Japanese Government directly or indirectly intervened in the economy through various channels. During this period, it is easy to see the influence of economists on the economic policy making of the Japanese Government. This article explores and analyzes some economic ideas that have had a great influence on the economic policy making of Japan during this period, such as Marxist economics, Keynesian economics and Schumpeterian economics.

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Bui Dong Hung (Wed,) studied this question.

www.synapsesocial.com/papers/68c1ae6654b1d3bfb60e6260 — DOI: https://doi.org/10.47772/ijriss.2025.915ec0066

Ideological Foundations of Japan’s Economic Policy (1955–1973)

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