Michio Morishima

Michio Morishima
Born July 18, 1923
Osaka Prefecture
Died July 13, 2004 (aged 80)
Nationality Japan
Institution London School of Economics
Osaka University
Field Econometrics
Alma mater Kyoto University
Influenced Christopher A. Pissarides
Awards Order of Culture

Michio Morishima (森嶋 通夫 Morishima Michio, July 18, 1923 – July 13, 2004) was a Japanese economist, mathematician and econometrician, who was a faculty member at the London School of Economics from 1970–88 as the Sir John Hicks Professor of Economics. He was also emeritus professor of Osaka University and a member of the British Academy.

In 1976 he was a recipient of the The Order of Culture (文化勲章, Bunka-kunshō), a lifetime award that is Japan's equivalent of a Nobel Prize.

He studied economics and sociology under Yasuma Takada.In 1946 he graduated Kyoto University and taught at Kyoto University and Osaka University. And he established Institute of Social and Economic Research (ISER) of Osaka University with Yasuma Takada. In 1968, he went to Britain and taught at University of Essex, LSE.

In 1960 he established with Nobel-laurete Lawrence R. Klein from the Economics Department of the University of Pennsylvania the International Economic Review (today published by Penn), which grew to become one of the leading journals in economics in the world.[1] In 1965, he became the first Japanese president of the Econometric Society. It is said that the most enthusiastic supporter of Morishima was John Hicks.

He was the originator of the project that resulted in the establishment of the Suntory-Toyota Foundation and the Suntory and Toyota International Centres for Economic and Related Disciplines (STICERD) at LSE. He was STICERD's first chairman. In 1991 he was elected an Honorary Fellow of the LSE.[2]

Research

His principal interests were in general equilibrium theory, the history of economic thought, and capitalist economic systems. Morishima's economic theory worked towards the accommodation of von Neumann's 1937 multi-sectoral growth model to a general equilibrium model. His research reviewed the works of Marx and Walras. Considering the work of these theorists to be Ricardian, his research worked to show that the modification of them along von Neumann lines elucidates the theoretical similarities and differences between the positions.

His publications included Equilibrium, Stability and Growth (1964), Theory of Economic Growth (1969), Marx's Economics (1973), The Economic Theory of Modern Society (1976), Why has Japan 'succeeded'? (1982), and The Economics of Industrial Society (1984).

Education

1946 graduated Faculty of Economics, Kyoto University

Professional experience

Publications

Major works of Michio Morishima

References

External links