Dr. Osamu Shimomura's Legacy and the Postwar Japanese Economy

Kozo Horiuchi is a professor emeritus, Hosei University, Tokyo, Japan. He received his BA from the Department of Commerce, Hitotsubashi University in 1968.  He then joined the Development Bank of Japan and received his MA from the Graduate School of Johns Hopkins University in 1973. Returning from the US, he served as a research officer before becoming Chief Economist at the Research Institute of Capital Formation, DBJ. He received his Doctor of Business Administration from Hosei in 2008. While teaching at Hosei, he also studied at the Beijer Institute, the Royal Swedish Academy of Sciences. Masayuki Otaki is a professor of economics at the University of Tokyo Institute of Social Science, and academic advisor at the Research Institute of Capital Formation, Development Bank of Japan. His main areas of research are macroeconomic theory, environmental economics, educational economics, and economic thought. Born in 1957, Prof. Otaki received a Bachelor’s degree in economics from the University of Tokyo in 1981 and a Ph.D. in economics from the University of Tokyo in 1990. He was appointed professor of economics at the University of Tokyo Institute of Social Science in 2001.

1 Introduction.- Part I Vision, Theory, and Policy: High Growth and Zero Growth.- 2　Postwar Reconstruction.- 3  Vision of High Growth and Performance in 1960s.- 4  Vision of Zero Growth and Performance After the Oil Crisis.- PART II　Implications of Zero Growth Vision:Lost Decades, Sustainability, and Corporate Management.- 5  Current Era of Zero Growth.-  6  Sustainability and Corporate Management.- 7　Conclusion.- Index.