ABSTRACT
The development of big business in the process of rapid economic growth of Japan in the late fifties and the early sixties was truly spectacular. In manufacturing industries, in particular, big business accomplished very rapid capital accumulation by adopting technological innovations based on imported technology and succeeded in strengthening its international competitive power. Coinciding with this continued expansion of the business scale, there developed in Japan a theory of big business in the form of State Monopoly Capitalism under the strong influence of Marxian economics. Read widely as a clear and enlightening piece of popular writing, among others, is the Nihon Keizai Nyumon [Introduction to the Japanese Economy] (1) authored by Kazuji Nagasu* and published in 1960. A distinctive feature of this book is its simple and clear-cut exposition, which is worth being introduced right here.
