From new liberalism to neoliberalism: Japanese economists and the welfare state before the 1980s

Tamotsu Nishizawa, Yukihiro Ikeda

Research output: Chapter in Book/Report/Conference proceedingChapter

1 Citation (Scopus)


The chapter explores the intellectual background of the shift toward neoliberal policymaking in Japan. There existed a variety of New Liberal and neoliberal traditions in the Japanese economic thought, which meant the transition from one welfare regime to the next did not necessarily rest on imported ideas. The chapter describes New Liberalism and social liberalism between the wars and the intellectual basis of the postwar welfare regime (focusing on Fukuda, Ishibashi, and Ueda). It then describes the New Liberalism and neoliberalism in the postwar business world (focusing on Keizai-doyukai, the Japan Economic Research Institute, and the Institute of World Economy). The chapter describes the rise of neoliberalism, first under the radar, then explicitly after the mid-1970s (when Hayek won the Nobel Prize), focusing on Nishiyama.

Original languageEnglish
Title of host publicationLiberalism and the Welfare State
Subtitle of host publicationEconomists and Arguments for the Welfare State
PublisherOxford University Press
Number of pages23
ISBN (Electronic)9780190676681
Publication statusPublished - 2017 Jan 1


  • Friedrich hayek
  • Keizai-doyukai
  • Mont pelerin society
  • Neoliberalism
  • New liberalism
  • Social liberalism
  • Wilhelm röpke

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)
  • General Business,Management and Accounting


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