The Japanese acknowledge that Dr Osamu Shimomura is their most influential post-war economist but his works and his "economic model of Japan" with its key modification of the Keynesian investment-saving equilibrium condition to create an exploding economy, seems to be virtually unknown in the economics departments of Western universities. This book traces the timeline of the development of Investment Credit Creation economics - the economics understanding which has produced explosive economic growth - from its apparent beginning in FDR's USA during 1938-44 through the adoption of almost identical measures in post war Japan, with the active involvement of Dr Osamu Shimomura, and then the transfer of that new system to post-rapprochement China after 1972. In the view of the author, the Tokyo Consensus nations - China, Japan, South Korea and Taiwan - are using and continue to use the mindset of Shimomuran Economics to achieve great economic advantages and the West now needs to learn what part of Asia knows.

This book sets out the creation and spread of the new economic technology of explosive economic development from its beginnings in Frank Delano Roosevelt's USA from 1938-1944 and its subsequent adoption by Japan from 1946-1985 and its spread to the China sea economies of South Korea, Taiwan and China. The book also covers the reaction of British politicians, businessmen and bankers to this new development and the circumstances around the adoption of the neoclassical economics which is resulting in the continual relative failure of the Western economies. This book sets out a more useful economics which is currently being practiced by all of the China Sea economies.

“A masterful depiction of the party today. . . . McGregor illuminates the most important of the contradictions and paradoxes. . . . An entertaining and insightful portrait of China’s secretive rulers.” —The Economist “Few outsiders have any realistic sense of the innards, motives, rivalries, and fears of the Chinese Communist leadership. But we all know much more than before, thanks to Richard McGregor’s illuminating and richly-textured look at the people in charge of China’s political machinery. . . . Invaluable.” — James Fallows, National Correspondent for The Atlantic In this provocative and illuminating account, Financial Times reporter Richard McGregor offers a captivating portrait of China’s Communist Party, its grip on power and control over China, and its future. China’s political and economic growth in the past three decades has been one of astonishing, epochal dimensions. The most remarkable part of this transformation, however, has been left largely untold—the central role of the Chinese Communist Party. McGregor delves deeply into China’s inner sanctum for the first time, showing how the Communist Party controls the government, courts, media, and military and keeps all corruption accusations against its members in-house. The Party’s decisions have a global impact, yet the CCP remains a deeply secretive body, hostile to the law and unaccountable to anyone or anything other than its own internal tribunals. It is the world’s only geopolitical rival of the United States, and is primed to think the worst of the West.

China's rise is altering global power relations, reshaping economic debates, and commanding tremendous public attention. Despite extensive media and academic scrutiny, the conventional wisdom about China's economy is often wrong. Cracking the China Conundrum provides a holistic and contrarian view of China's major economic, political, and foreign policy issues. Yukon Huang trenchantly addresses widely accepted yet misguided views in the analysis of China's economy. He examines arguments about the causes and effects of China's possible debt and property market bubbles, trade and investment relations with the Western world, the links between corruption and political liberalization in a growing economy and Beijing's more assertive foreign policies. Huang explains that such misconceptions arise in part because China's economic system is unprecedented in many ways-namely because it's driven by both the market and state- which complicates the task of designing accurate and adaptable analysis and research. Further, China's size, regional diversity, and uniquely decentralized administrative system poses difficulties for making generalizations and comparisons from micro to macro levels when trying to interpret China's economic state accurately. This book not only interprets the ideologies that experts continue building misguided theories upon, but also examines the contributing factors to this puzzle. Cracking the China Conundrum provides an enlightening and corrective viewpoint on several major economic and political foreign policy concerns currently shaping China's economic environment.

This book is a study of the interactions between different types of systems, their environment, and their subsystems. The author explains how basic systems principles are applied in engineered (mechanical, electromechanical, etc.) systems and then guides the reader to understand how the same principles can be applied to social, political, economic systems, as well as in everyday life. Readers from a variety of disciplines will benefit from the understanding of system behaviors and will be able to apply those principles in various contexts. The book includes many examples covering various types of systems. The treatment of the subject is non-mathematical, and the book considers some of the latest concepts in the systems discipline, such as agent-based systems, optimization, and discrete events and procedures.