Studies of the instability of capitalism: analysis of the economic regimes from the viewpoint of non-mainstream synthesis

• Project/Area Number: 16K03575
• Research Category: Grant-in-Aid for Scientific Research (C)
• Allocation Type: Multi-year Fund
• Section: 一般
• Research Field: Economic doctrine/Economic thought
• Research Institution: Ritsumeikan University (2017-2018); Oita University (2016)
• Principal Investigator: Satoh Takashi 立命館大学, 経済学部, 教授 (50381025)
• Project Period (FY): 2016-04-01 – 2019-03-31
• Project Status: Completed (Fiscal Year 2018)
• Budget Amount: ¥3,510,000 (Direct Cost: ¥2,700,000、Indirect Cost: ¥810,000); Fiscal Year 2018: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000); Fiscal Year 2017: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000); Fiscal Year 2016: ¥1,560,000 (Direct Cost: ¥1,200,000、Indirect Cost: ¥360,000)
• Keywords: 資本主義 / 不安定性 / 賃金主導型 / 利潤主導型 / 金融不安定性 / 信用創造 / 銀行行動 / 資本主義の不安定性 / 資本循環 / 賃金主導型レジーム / 利潤主導型レジーム / 資本の運動 / 経済理論 / 経済学説

Outline of Final Research Achievements

Non-mainstream economics viewed capitalism as unstable. But there is no consensus about which elements are crucial reason of instability of capitalism. This study provides the synthesis of non-mainstream economic models to explore what elements cause the instability of capitalism. This study clarifies that essential elements of the instability of capitalism are not the exogenous element of capitalism, but the exogenous element of capitalism, such as the behaviors of industrial capital to invest and the behaviors of bank capital to lend. There are various types which make capitalism unstable, because there are various economic regime under which capitalism tends to be unstable in various ways.

Academic Significance and Societal Importance of the Research Achievements

主流派経済学は、資本主義が不安定性である原因を外生的な経済ショックに求めてきた、しかし、非主流派経済学の考え方を総合して分析した本研究によれば、資本主義が不安定である理由は、企業の投資行動や銀行の貸出行動それ自体の中に、不安定性を引き起こす原因が内在しているという点が明らかとなった。今までの主流派経済学が不安定性をうまく説明できなかった理由の一つは、資本主義ではモノを作ったりカネを稼いだりするためにどれくらいの時間が必要か、という時間の要因をうまく組み入れることができなかった点にあると考えられる。

Research Products

• [Journal Article] 資本の記号学──あるいは『資本論』を再読する意義について (2018)
  • Author(s): 佐藤隆
  • Journal Title: 変革のアソシエ Volume: 31 Pages: 37-47
• [Journal Article] 資本の循環定式と複式簿記の諸規則 (2017)
  • Author(s): 佐藤隆
  • Journal Title: 大分大学経済論集 Volume: 68 Pages: 1-29
  • Peer Reviewed / Open Access / Acknowledgement Compliant
• [Presentation] A New Formulation of Bank Capital and the Possibilities of Crisis: from the Perspective of Marxian Economic Theory (2019)
  • Author(s): Takashi Satoh
  • Organizer: 45th Annual Conference of Eastern Economic Association
  • Int'l Joint Research
• [Presentation] Toward a Synthesis of Non-Mainstream Economic Models: From the Perspective of a Marxian Circuit of Capital Model (2017)
  • Author(s): Takashi Satoh
  • Organizer: 20th FMM Conference of The Research Network Macroeconomics and Macroeconomic Policies
  • Place of Presentation: Berlin (Germany)
  • Year and Date: 2017-10-20
  • Int'l Joint Research
• [Presentation] Analytical Foundations of a Marxian Circuit of Capital Model and Its Applications to Regime Analysis (2017)
  • Author(s): Takashi Satoh
  • Organizer: 43nd Annual Conference of The Eastern Economic Association
  • Place of Presentation: New York (US)
  • Year and Date: 2017-02-23
  • Int'l Joint Research
• [Presentation] A Critique to Sraffa’s Model from the Perspective of Marxian Circuit of Capital (2017)
  • Author(s): Takashi Satoh
  • Organizer: 8th Annual Conference in Political Economy
  • Int'l Joint Research
• [Presentation] Marx beyond Sraffa: toward the generalized formulation of the circuit of capital in a multisector model (2017)
  • Author(s): Takashi Satoh
  • Organizer: HISTORICAL MATERIALISM SYDNEY CONFERENCE 2017
  • Int'l Joint Research
• [Presentation] 資本の増殖・変態・循環 (2017)
  • Author(s): 佐藤隆
  • Organizer: 経済理論学会第65回大会
  • Int'l Joint Research
• [Presentation] On the Possibility of Existence of Wage-Led Regime in a Marxian Circuit of Capital Model (2016)
  • Author(s): Takshi Satoh
  • Organizer: The 64th Annual Conference of the Japan Society of Political Economy
  • Place of Presentation: Fukushima University (Fukushima City, Fukushima )
  • Year and Date: 2016-10-15
  • Int'l Joint Research
• [Book] 資本主義がわかる経済学 (2019)
  • Author(s): 阿部太郎, 大坂洋, 大野隆, 佐藤隆, 佐藤良一, 中谷武, 二宮健史郎, 伴ひかり
  • Total Pages: 208
  • Publisher: 大月書店
  • ISBN: 9784272111244