The book offers a detailed exploration of Japan's remarkable economic recovery following its defeat in World War II. Chigeto Tsuru, a leading economist, provides an in-depth analysis of the reconstruction process and presents a distinctive interpretation of the postwar Japanese economy, highlighting the factors that contributed to its transformation and growth.
Focusing on institutionalism, the book explores its significance in contemporary contexts, analyzing how it shapes social, political, and economic frameworks. It critically evaluates traditional perspectives and offers insights into the evolution of institutional thought, emphasizing its applicability in addressing current challenges. Through a reexamination of key concepts, the text aims to highlight the enduring impact of institutions on society and the importance of understanding their role in modern governance and policy-making.