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Evolution of Commercial and Financial Structures of Capitalism

  • Kiichiro YagiEmail author
Chapter
  • 17 Downloads
Part of the Evolutionary Economics and Social Complexity Science book series (EESCS, volume 20)

Abstract

Starting from the peculiarity of “merchants” and “commercial society,” this chapter discusses the development of commercial and financial relations as the superstructure of the capitalist market economy. In this domain, claims about the imaginary value dominate real economy. This development is grounded on the pursuit of efficient circulation on the one hand, though it produces a multilayered financial structure over the real economy on the other. The last section introduces the evolution of the financial structure of the Japanese economy in the years from its “bubble” period to the slump period. This case illustrates the difficulty of the established financial sector in the adaptation to structural change and the problem of its governance.

Keywords

Merchant Balance sheet Circulation cost Monetary cost Three-layer structure of capital Financial structure Funds flow Failure of Japanese economy Governance in financial sector 

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Copyright information

© Springer Japan KK, part of Springer Nature 2020

Authors and Affiliations

  1. 1.Setsunan UniversityNeyagawaJapan

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