1 Introduction

　1.1 Economics of Shimomura: Shimomura Theory, High Growth, and Zero Growth

　1.2 Career of Dr. Shimomura

　References

Part I Vision, Theory, and Policy: High Growth and Zero Growth

2 Postwar Reconstruction

　2.1 Economic Situation During the Reconstruction Period

　2.2 Policy for Controlling Inflation

　2.3 From Reconstruction to High Growth

　2.4 Shimomura Theory

　2.5 Concluding Remarks

　References

3 Vision of High Growth and Performance in 1960s

　3.1 Shimomura’s Work and His Vision for the Japanese Economy

　　3.1.1 Three Basic Factors for the Foundation of the Vision of High Growth

　　3.1.2 Growth Theory and Long-Term Forecast

　　3.1.3 Growth Controversy in 1959

　　3.1.4 New Vision of the Japanese Economy in 1961–1962

　3.2 Performance of the 1960s (1960–1970, 11 Years)

　　3.2.1 Rate of Growth of the Japanese Economy

　　3.2.2 Internal Equilibrium

　　3.2.3 External Equilibrium

　　3.2.4 Industrial Policy

　3.3 Concluding Remarks

　Reference

4 Vision of Zero Growth and Performance After the Oil Crisis

　4.1 Unrest in the World Economy

　4.2 Vision of Zero Growth

　4.3 Discipline

　4.4 Performance After the Oil Crisis: 1971–1982

　4.5 Reaganomics: 1983–1985

　4.6 Bubble Economy: 1986–1990

　4.7 Zero Growth in the First Half of the 1990s

　4.8 Concluding Remarks

　References

Part II Implications of Zero Growth Vision: Lost Decades, Sustainability, and Corporate Management

5 Current Zero Growth Era

　5.1 Introduction

　5.2 Effects of Globalization

　　5.2.1 Labor Market Deregulation

　　5.2.2 Surge in Foreign Direct Investment: Economic Hollowing

　5.3 Limit of Aggregate Demand Management Policy

　　5.3.1 Dissolved Organic Growth Mechanism: Inefficiency in Management Is the Acute Cause of Stagnant Growth

　　5.3.2 Aggregate Demand Management as Opium

　5.4 Our Theory and TFP Analysis: Reduction of Labor Force and Economic Growth

　5.5 Concluding Remarks

　References

6 Sustainability and Corporate Management

　6.1 Zero Growth and Sustainability

　　6.1.1 New Problem

　　6.1.2 Sustainability

　　6.1.3 Zero Growth and Stationary State

　6.2 Vision of the Corporation

　　6.2.1 Environmental Management in Japan

　　6.2.2 Corporate Management in Japan

　6.3 Corporate Social Responsibility and Stakeholders

　　6.3.1 Three Basic Trends

　　6.3.2 Fiduciary Obligations and Professional Ethics

　6.4 Visionary Companies and Sustainability

　6.5 Concluding Remarks

　References

7 Conclusion

　References

Index