The global financial crisis in the eyes of Japanese Marxist economists

Abstract

On the global financial crisis and the European sovereign debt crisis, the Japanese Marxist economists have conducted many studies from different perspectives and published many works. This article will mainly introduce the views of the three main schools of the Marxist economists in Japan, namely the orthodox school, the Uno School and the Regulation School, to render a better understanding of the Japanese Marxist economists' view on the global crisis.

Keywords:

• Japan
• Marxist economics
• financial crisis
• European debt crisis
• modern capitalism

Notes

¹This means that the growth rate of nominal wage is kept below the growth rate of the productivity.