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Before the late 1960s, Japan historians characterized the Early Modern Japanese economy in waht are typical feudal terms. Considered backward and stagnant, it was argued that the economy eventually collapsed under the weight of its own internal limitations. This narrative has given way in the past two decades to a new interpretation in which Japan's pre-industrial economy is protrayed as one of substantive growth and qualitative change, the se...

First Published in 2002. Routledge is an imprint of Taylor & Francis, an informa company.

The development of Capitalism in Japan did not begin with the Meiji era, but was rooted in the structural changes in the economy that took place during the Tokugawa Shoguate (1600-1868). The consolidation of the political system and institutionalization of a particular set of property relations during that era set the stage for a qualitative reorganization in the nature of agricultural production away from mere subsistence and toward productio...