The International Economy
Online ISSN : 1884-4367
Print ISSN : 2186-6074
ISSN-L : 1884-4367
2008 JSIE-Kojima Kiyoshi Prize Lectures
The Birth of International Surplus Capital and After
Masahiko Itaki
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2009 Volume 2009 Issue 13 Pages 15-22

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Abstract

  The paper presents the basic conceptual framework, whereby to comprehend a series of global financial crises since the early 1980s, i.e. absolute, relative, and absolute and relative surplus capital on the global scale. A short history of the birth of international surplus capital in the middle of the 1990s is followed by the author’s interpretation of the present global financial crisis beginning with subprime mortgage crisis in 2007. And finally, merits and advantages of dialectical conceptual analysis are advocated as an economic methodology.

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© 2009 The Japan Society of International Economics
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