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| Economic Society of Japan | |
|---|---|
| Name | Economic Society of Japan |
| Native name | 日本経済学会 |
| Founded | 1924 |
| Type | Learned society |
| Headquarters | Tokyo |
| Region served | Japan |
| Language | Japanese, English |
| Leader title | President |
Economic Society of Japan
The Economic Society of Japan is a professional association for scholars of economics and related fields, established in 1924 in Tokyo with ties to universities such as University of Tokyo, Keio University, Kyoto University, and Osaka University. It operates alongside international organizations including the American Economic Association, Royal Economic Society, European Economic Association, and engages with institutions like the Bank of Japan, Ministry of Finance (Japan), Organisation for Economic Co-operation and Development, and International Monetary Fund.
Founded in 1924 by academics influenced by thinkers at Cambridge University, Harvard University, University of Chicago, and London School of Economics, the Society emerged during the Taishō and early Shōwa periods interacting with figures associated with Eleanor Roosevelt-era social policy and postwar reforms shaped by the Allied Occupation of Japan. Early members included scholars with connections to Adam Smith-inspired classics, debates resonant with John Maynard Keynes and Friedrich Hayek, and methodological exchanges with proponents associated with Paul Samuelson, Milton Friedman, and Joseph Schumpeter. During the postwar era the Society intersected with policy implementation related to the Treaty of San Francisco (1951), economic reconstruction influenced by the Marshall Plan, and development patterns paralleling the Japanese economic miracle. In later decades it engaged with research networks spanning World Bank, Asian Development Bank, Organisation for Economic Co-operation and Development missions, and comparative studies involving South Korea, China, United States, United Kingdom, Germany, and France.
Governance follows a council model with officers elected from faculty at institutions such as Hitotsubashi University, Tohoku University, Waseda University, and Nagoya University. The Society convenes an executive committee that coordinates with editorial boards linked to journals modeled on those of the Quarterly Journal of Economics, Journal of Political Economy, Econometrica, and Review of Economic Studies. It maintains committees for ethics and research integrity drawing on standards from bodies like Committee on Publication Ethics and collaborates with national bodies including the Japan Society for the Promotion of Science and the Ministry of Education, Culture, Sports, Science and Technology. Presidents have included scholars who have lectured at Princeton University, Stanford University, and Yale University and who have served on advisory panels to the Bank of Japan and Cabinet Office (Japan).
Membership comprises academics, policy analysts, and corporate researchers affiliated with entities such as Nomura Holdings, Mitsubishi UFJ Financial Group, Toyota Motor Corporation, and municipal research centers in Osaka Prefecture and Hokkaido. Members participate in seminars modeled after workshops at NBER, CEPR, and IZA Institute of Labor Economics, and regional chapters collaborate with university centers like the Institute of Economic Research, Kyoto University and think tanks such as the Japan Center for Economic Research and Nihon Keizai Shimbun-linked forums. Activities include reading groups on works by Amartya Sen, Elinor Ostrom, Kenneth Arrow, and Robert Solow, mentoring programs patterned after the Russell Sage Foundation fellowships, and student competitions akin to those organized by the International Economics Olympiad.
The Society organizes annual meetings that attract presenters from University of California, Berkeley, Columbia University, Massachusetts Institute of Technology, and regional partners in Seoul National University, Peking University, National University of Singapore. Proceedings and journals edited under the Society reflect formats similar to the Journal of Economic Literature and the Journal of Economic Perspectives; editorial practices align with submission systems used by Elsevier, Wiley-Blackwell, and Oxford University Press. Special conferences have addressed themes influenced by events such as the 1997 Asian financial crisis, the 2008 global financial crisis, and policy responses related to the Tokyo Stock Exchange reforms. The Society disseminates monographs and working papers drawing on methods used in publications from Cambridge University Press and MIT Press.
Research spans microeconomic theory influenced by Leonid Kantorovich and Kenneth Arrow, macroeconomic analysis in conversation with models from John Hicks and Robert Lucas Jr., econometrics reflecting techniques from Clive Granger and David Hendry, and development studies paralleling work by Albert Hirschman and Haidt. Applied research addresses industrial organization with comparisons to Mitsubishi-era zaibatsu studies, labor markets in the tradition of Gary Becker, public finance problems akin to analyses by James M. Buchanan, and monetary policy debates referencing frameworks from Ben Bernanke and Alan Greenspan. The Society has contributed empirical studies on topics linked to the Consumption Tax (Japan), demographic change analyses comparable to those by Daisuke Takahashi-type researchers, and regional trade work interacting with frameworks from WTO negotiations and Trans-Pacific Partnership discussions.
The Society bestows prizes recognizing lifetime achievement, early-career scholarship, and outstanding articles, modeled after awards such as the John Bates Clark Medal and the Nobel Memorial Prize in Economic Sciences in prestige. Honorees have included scholars who later held positions at Princeton University, Harvard University, and London School of Economics and who received national honors analogous to orders such as the Order of Culture (Japan). Awards ceremonies are held in venues connected to institutions like Imperial Palace (Tokyo)-area halls and coordinated with sponsors from corporations such as Sumitomo Mitsui Banking Corporation and Mitsui & Co..
Category:Learned societies of Japan Category:Economics organizations