Confucian Capitalism : Shibusawa Eiichi, Business Ethics, and Economic Development in Meiji Japan / John H. Sagers.
Sagers, John H., author.
2018
HC461.5.S48
Available Online

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Title Confucian Capitalism : Shibusawa Eiichi, Business Ethics, and Economic Development in Meiji Japan / John H. Sagers.
Author Sagers, John H., author.
ISBN 9783319763729 (electronic book)
3319763725 (electronic book)
9783319763712
3319763717
Published Cham, Switzerland : Palgrave Macmillan, [2018]
Copyright ©2018
Language English
Description 1 online resource.
Call Number HC461.5.S48
Dewey Decimal Classification 332.092
Summary "With the life story of Shibusawa Eiichi (1840-1931), one of the most important financiers and industrialists in modern Japanese history, as its narrative focal point, this book explores the challenges of importing modern business enterprises to Japan, where the pursuit of profit was considered beneath the dignity of the samurai elite. Seeking to overturn the Tokugawa samurai-dominated political economy after the Meiji Restoration, Shibusawa was a pioneer in introducing joint-stock corporations to Japan as institutions of economic development. As the entrepreneurial head of Tokyo's Dai-Ichi Bank, he helped launch modern enterprises in such diverse industries as banking, shipping, textiles, paper, beer, and railroads. Believing businesses should be both successful and serve the national interest, Shibusawa regularly cautioned against the pursuit of profit alone. He insisted instead on the 'unity of morality and economy' following business ethics derived from the Confucian Analects. A top leader in Japan's business community for decades, Shibusawa contributed to founding the Tokyo Stock Exchange, the Tokyo Chamber of Commerce, and numerous educational and philanthropic organizations to promote his vision of Confucian capitalism. This volume marks an important contribution to the international debate on the extent to which capitalist enterprises have a responsibility to serve and benefit the societies in which they do business. Shibusawa's story demonstrates that business, government, trade associations, and educational institutions all have valuable roles to play in establishing a political economy that is both productive and humane."-- Provided by publisher.
Bibliography, etc. Note Includes bibliographical references and index.
Access Note Access limited to authorized users.
Source of Description Online resource; title from PDF title page (viewed July 25, 2018).
Series Palgrave studies in economic history.
Available in Other Form Print version 9783319763712
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Intro; Preface; Acknowledgments; Contents; List of Figures; 1: Introduction: Shibusawa Eiichi and the Idea of Confucian Capitalism; Global Concern for Business Ethics and Corporate Social Responsibility; Virtue Versus Compliance in the East Asian Tradition; The Contested Relationship Between Confucianism and Capitalism; Shibusawa Eiichi's Vision of Confucian Capitalism; References; 2: Economic Change and Intellectual Innovation in Tokugawa Japan; Changing Economic Conditions and Entrepreneurial Initiative; Confucianism and Japanese Economic Thought

Shibusawa Eiichi's Blend of Confucianism and CapitalismReferences; 3: Government Bureaucrats and Capitalist Institutions in 1870s Japan; Establishing Economic Institutions as a Government Official; Joint-Stock Companies and Model Factories; Reforming the Currency System and Establishing National Banks; Leaving Government for the Private Sector; Banking for Profit and the National Interest; References; 4: The Ethical Entrepreneur as a Servant of Japan's National Interest; Jitsugyo: A New Term for Business; Distinguishing Jitsugyoka from Zaibatsu; Shibusawa's Business Network

Promoting the Message of Confucian CapitalismReferences; 5: Competing Priorities of Infrastructure Investment and Military Expansion in Late Meiji Japan; Gradual Versus Rapid Modernization of Japanese Industry; National Diet and New Avenues of Political Action; Investment in the Future Before Military Spending Now; Debates Over Potential Effects of the Gold Standard; Conservatism and Protectionism; Private-Sector Development as Means to Confucian Humanistic Ends; References; 6: Business Leaders as Civilian Diplomats in Early Twentieth-Century Japan

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