著者

布施 豪嗣

出版者

経済学史学会

雑誌

経済学史研究 (ISSN:18803164)

巻号頁・発行日

vol.60, no.2, pp.1-19, 2019 (Released:2019-09-04)

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Abstract: Although the relationship between liberalism and his political thought has been emphasized, the classical aspect of his economic theories has been underestimated. This has, in my view, several reasons: To be sure, Ishibashi was one of those who had introduced Keynesian economics and his idea of positive fiscal policy. At the same tine, Ishibashi also admitted the rigidity of the market system. But this aspect of his economics did not prevent him to be committed to the classical economic theories, based on free market. It is characteristic of Ishibashi that these aspects existed together in theory and in practice. Based on this understanding, this paper attempts to reveal his optimism about price adjustment. This, in my understanding, led to his basic optimism about inflation. Thus, the study contributes to the better understanding of Ishibashi’s economic thought in particular and also to the better understanding of the many-layered disputes in his age in general. JEL classification number: B31.