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Liberalism and the Welfare StateEconomists and Arguments for the Welfare State$
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Roger E. Backhouse, Bradley W. Bateman, Tamotsu Nishizawa, and Dieter Plehwe

Print publication date: 2017

Print ISBN-13: 9780190676681

Published to Oxford Scholarship Online: July 2017

DOI: 10.1093/acprof:oso/9780190676681.001.0001

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From New Liberalism to Neoliberalism

From New Liberalism to Neoliberalism

Japanese Economists and the Welfare State before the 1980s

(p.75) 4 From New Liberalism to Neoliberalism
Liberalism and the Welfare State

Tamotsu Nishizawa

Yukihiro Ikeda

Oxford University Press

The chapter explores the intellectual background of the shift toward neoliberal policymaking in Japan. There existed a variety of New Liberal and neoliberal traditions in the Japanese economic thought, which meant the transition from one welfare regime to the next did not necessarily rest on imported ideas. The chapter describes New Liberalism and social liberalism between the wars and the intellectual basis of the postwar welfare regime (focusing on Fukuda, Ishibashi, and Ueda). It then describes the New Liberalism and neoliberalism in the postwar business world (focusing on Keizai-doyukai, the Japan Economic Research Institute, and the Institute of World Economy). The chapter describes the rise of neoliberalism, first under the radar, then explicitly after the mid-1970s (when Hayek won the Nobel Prize), focusing on Nishiyama.

Keywords:   New Liberalism, social liberalism, neoliberalism, Wilhelm Röpke, Friedrich Hayek, Keizai-doyukai, Mont Pelerin Society

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