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Michio Morishima
was a Japanese heterodox economist and public intellectual who was the Sir John Hicks Professor of Economics at the London School of Economics from 1970 to 1988. He was also professor at Osaka University and member of the British Academy. In 1976 he won the Order of Culture (文化勲章, Bunka-kunshō). Career Originally desiring a career as a historical novelist, at the university Morishima pursued social science, studying both economics and sociology under Yasuma Takada. At Kyoto University, Morishima was rigorously trained in both mainstream neoclassical economic theory and Marxian economics. Mathematically gifted, in 1946, he graduated from Kyoto University and taught there in addition to Osaka University. He starteInstitute of Social and Economic Research(ISER) of Osaka University with Yasuma Takada. In 1960 he established with Nobel-laureate Lawrence R. Klein from the Economics Department of the University of Pennsylvania the International Economic Review (today pu ...
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Osaka University
The , abbreviated as UOsaka or , is a List of national universities in Japan, national research university in Osaka, Japan. The university traces its roots back to Edo period, Edo-era institutions Tekijuku (1838) and Kaitokudō, Kaitokudo (1724), and was officially established in 1931 as the sixth of the Imperial Universities in Japan, with two faculties: science and medicine. Following the Educational reform in occupied Japan, post-war educational reform, it merged with three pre-war Higher school (Japan), higher schools, reorganizing as a comprehensive university with five faculties: science, medicine, letters, law and economics, and engineering. After the merger with Osaka University of Foreign Studies in 2007, UOsaka became the largest national university in Japan by undergraduate enrollment. The official name of the university in English has been changed from "Osaka University" to "The University of Osaka (UOsaka)" as of April 2025. UOsaka is one of the most productive researc ...
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Osaka Prefecture
is a prefecture of Japan located in the Kansai region of Honshu. Osaka Prefecture has a population of 8,778,035 () and has a geographic area of . Osaka Prefecture borders Hyōgo Prefecture to the northwest, Kyoto Prefecture to the north, Nara Prefecture to the southeast, and Wakayama Prefecture to the south. Osaka is the capital and largest city of Osaka Prefecture, and the third-largest city in Japan, with other major cities including Sakai, Higashiōsaka, and Hirakata. Osaka Prefecture is located on the western coast of the Kii Peninsula, forming the western is open to Osaka Bay. Osaka Prefecture is the third-most-populous prefecture, but by geographic area the second-smallest; at it is the second-most densely populated, below only Tokyo. Osaka Prefecture is one of Japan's two " urban prefectures" using the designation ''fu'' (府) rather than the standard '' ken'' for prefectures, along with Kyoto Prefecture. Osaka Prefecture forms the center of the Keihanshin metro ...
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Lawrence R
Lawrence may refer to: Education Colleges and universities * Lawrence Technological University, a university in Southfield, Michigan, United States * Lawrence University, a liberal arts university in Appleton, Wisconsin, United States Preparatory & high schools * Lawrence Academy at Groton, a preparatory school in Groton, Massachusetts, United States * Lawrence College, Ghora Gali, a high school in Pakistan * Lawrence School, Lovedale, a high school in India * The Lawrence School, Sanawar, a high school in India Research laboratories * Lawrence Berkeley National Laboratory, United States * Lawrence Livermore National Laboratory, United States People * Lawrence (given name), including a list of people with the name * Lawrence (surname), including a list of people with the name * Lawrence (band), an American soul-pop group * Lawrence (judge royal) (died after 1180), Hungarian nobleman, Judge royal 1164–1172 * Lawrence (musician), Lawrence Hayward (born 1961), British music ...
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New Left
The New Left was a broad political movement that emerged from the counterculture of the 1960s and continued through the 1970s. It consisted of activists in the Western world who, in reaction to the era's liberal establishment, campaigned for freer lifestyles on a broad range of social issues such as feminism, LGBT movements, gay rights, Drug liberalization, drug policy reforms, and gender relations. The New Left differs from the traditional left in that it tended to acknowledge the struggle for various forms of social justice, whereas previous movements prioritized explicitly economic goals. However, many have used the term "New Left" to describe an evolution, continuation, and revitalization of traditional Left-wing politics, leftist goals. Some who self-identified as "New Left" rejected involvement with the Labour movement, labor movement and Marxism's historical theory of Class conflict, class struggle; however, others gravitated to their own takes on established forms of Marxis ...
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Léon Walras
Marie-Esprit-Léon Walras (; 16 December 1834 – 5 January 1910) was a French mathematical economics, mathematical economist and Georgist. He formulated the Marginalism, marginal theory of value (independently of William Stanley Jevons and Carl Menger) and pioneered the development of general equilibrium theory. Walras is best known for his book ''Éléments d'économie politique pure'', a work that has contributed greatly to the mathematization of economics through the concept of general equilibrium. For Walras, exchanges only take place after a Walrasian ''tâtonnement'' (French for "trial and error"), guided by the auctioneer, has made it possible to reach market equilibrium. It was the general equilibrium obtained from a single hypothesis, rarity, that led Joseph Schumpeter to consider him "the greatest of all economists". The notion of general equilibrium was very quickly adopted by major economists such as Vilfredo Pareto, Knut Wicksell and Gustav Cassel. John Hicks and Pa ...
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Karl Marx
Karl Marx (; 5 May 1818 – 14 March 1883) was a German philosopher, political theorist, economist, journalist, and revolutionary socialist. He is best-known for the 1848 pamphlet '' The Communist Manifesto'' (written with Friedrich Engels), and his three-volume (1867–1894), a critique of classical political economy which employs his theory of historical materialism in an analysis of capitalism, in the culmination of his life's work. Marx's ideas and their subsequent development, collectively known as Marxism, have had enormous influence. Born in Trier in the Kingdom of Prussia, Marx studied at the universities of Bonn and Berlin, and received a doctorate in philosophy from the University of Jena in 1841. A Young Hegelian, he was influenced by the philosophy of Georg Wilhelm Friedrich Hegel, and both critiqued and developed Hegel's ideas in works such as '' The German Ideology'' (written 1846) and the '' Grundrisse'' (written 1857–1858). While in Paris, Marx wrote ...
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David Ricardo
David Ricardo (18 April 1772 – 11 September 1823) was a British political economist, politician, and member of Parliament. He is recognized as one of the most influential classical economists, alongside figures such as Thomas Malthus, Adam Smith and James Mill. Ricardo was born in London as the third surviving child of a successful stockbroker and his wife. He came from a Sephardic Jewish family of Portuguese origin. At 21, he eloped with a Quaker and converted to Unitarianism, causing estrangement from his family. He made his fortune financing government borrowing and later retired to an estate in Gloucestershire. Ricardo served as High Sheriff of Gloucestershire and bought a seat in Parliament as an earnest reformer. He was friends with prominent figures like James Mill, Jeremy Bentham, and Thomas Malthus, engaging in debates over various topics. Ricardo was also a member of The Geological Society, and his youngest sister was an author. As MP for Portarlington, ...
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Toyota
is a Japanese Multinational corporation, multinational Automotive industry, automotive manufacturer headquartered in Toyota City, Aichi, Japan. It was founded by Kiichiro Toyoda and incorporated on August 28, 1937. Toyota is the List of manufacturers by motor vehicle production, largest automobile manufacturer in the world, producing about 10 million vehicles per year. The company was founded as a spinoff of Toyota Industries, a machine maker started by Sakichi Toyoda, Kiichiro's father. Both companies are now part of the Toyota Group, one of the largest conglomerates in the world. While still a department of Toyota Industries, the company developed its first product, the Toyota Type A engine, Type A engine, in 1934 and its first passenger car in 1936, the Toyota AA. After World War II, Toyota benefited from Japan's alliance with the United States to learn from American automakers and other companies, which gave rise to The Toyota Way (a management philosophy) and the Toyota ...
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Suntory
(commonly referred to as simply Suntory) is a Japanese multinational corporation, multinational brewing and distilling company group. Established in 1899, it is one of the oldest companies in the distribution of alcoholic beverages in Japan, and makes Japanese whisky. Its business has expanded to other fields, and the company now also makes soft drinks and operates sandwich chains. With its 2014 acquisition of Suntory Global Spirits, Beam, Inc., it has diversified internationally and become the third largest maker of distilled beverages in the world. Suntory is headquartered in Dojimahama 2-Japanese addressing system, chome, Kita-ku, Osaka, Osaka Prefecture. History Suntory was started by , who first opened his store in Osaka on February 1, 1899, to sell imported wines. In 1907, the store began selling a fortified wine called Akadama (wine), Akadama Port Wine (Akadama literally meaning "red ball," a euphemism for the sun). The store became the Kotobukiya company in 1921 to ...
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University Of Essex
The University of Essex is a public university, public research university in Essex, England. Established by royal charter in 1965, it is one of the original plate glass university, plate glass universities. The university comprises three campuses in the county, in Southend-on-Sea and Loughton with its primary campus in Wivenhoe Park, Colchester. Essex has a largely diverse student community and holds partnerships with more than 100 global higher education institutions. It was named Times Higher Education University of the Year, University of the Year at the Times Higher Education awards, ''Times Higher Education'' Awards in 2018. Essex's Department of Government received Regius Professorship conferred by Queen Elizabeth II in 2013 and the university was awarded the Queen's Anniversary Prize on two occasions for advancing human rights in 2009 and social and economic research in 2017. In the 2025 rankings of British universities, Essex is ranked 30th in the Complete University ...
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United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Northwestern Europe, off the coast of European mainland, the continental mainland. It comprises England, Scotland, Wales and Northern Ireland. The UK includes the island of Great Britain, the north-eastern part of the island of Ireland, and most of List of islands of the United Kingdom, the smaller islands within the British Isles, covering . Northern Ireland shares Republic of Ireland–United Kingdom border, a land border with the Republic of Ireland; otherwise, the UK is surrounded by the Atlantic Ocean, the North Sea, the English Channel, the Celtic Sea and the Irish Sea. It maintains sovereignty over the British Overseas Territories, which are located across various oceans and seas globally. The UK had an estimated population of over 68.2 million people in 2023. The capital and largest city of both England and the UK is London. The cities o ...
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John Hicks
Sir John Richard Hicks (8 April 1904 – 20 May 1989) was a British economist. He is considered one of the most important and influential economists of the twentieth century. The most familiar of his many contributions in the field of economics were his statement of consumer demand theory in microeconomics, and the IS–LM model (1937), which summarised a Keynesian view of macroeconomics. His book '' Value and Capital'' (1939) significantly extended general-equilibrium and value theory. The compensated demand function is named the Hicksian demand function in memory of him. In 1972 he received the Nobel Memorial Prize in Economic Sciences (jointly) for his pioneering contributions to general equilibrium theory and welfare theory. Early life Hicks was born in 1904 in Warwick, England, and was the son of Edward Hicks, editor and part proprietor of the Warwick and Leamington Spa Courier newspaper, and Dorothy Catherine, née Stephens, daughter of a non-conformist minister ...
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