Japanese Literary Awards

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Katsuhito Iwai

いわい かつひと

Iwai Katsuhito

Profile

Gender
Male
Born
1947-02-13 (Shibuya, Tokyo, Japan)
Nationality
Japan
Languages
Japanese, English

Career

Occupations
Economist, University professor, Researcher
Active Years
1969-
Affiliations
University of California, Berkeley (Researcher), Yale University (Associate Professor), Cowles Foundation (Senior Fellow), Princeton University (Visiting Associate Professor), University of Pennsylvania (Visiting Professor), University of Tokyo (Professor; Emeritus Professor), Musashino University (Visiting/Professor), International Christian University (Visiting Professor), The Tokyo Foundation (Honorary Research Fellow)
Memberships
Member of the Japan Academy, Member of the Science Council of Japan (served as Chair of the Economics Committee)
Influenced By
John Maynard Keynes, Joseph Schumpeter, Hirofumi Uzawa, Ryutaro Komiya, Tjalling Koopmans, Paul Samuelson, Robert Solow, James Tobin

Education

University of Tokyo
Faculty of Economics
Degree: 学士
Period: 1965-1969
Year of Graduation: 1969
Country: Japan
Studied under Hirofumi Uzawa
Massachusetts Institute of Technology
Graduate School / Department of Economics
Degree: Ph.D.
Period: 1969-1972
Year of Graduation: 1972
Country: United States
Supervised/mentored by Paul Samuelson and Robert Solow (among others)

Awards

Nikkei Economic Book and Culture Award (Special Prize)
1982
Work: Disequilibrium Dynamics
Organization: Nikkei / Japan Center for Economic Research
Result: 受賞
Suntory Academic Prize
1993
Work: The Theory of Money
Organization: Suntory Foundation
Result: 受賞
Kobayashi Hideo Award
2003
Work: What Will Become of Companies?
Organization: Shinchosha
Result: 受賞
M&A Forum Award (RECOF Prize)
2009
Work: M&A National Wealth Theory
Organization: M&A Forum
Result: 受賞
Purple Ribbon Medal
2007
Organization: Government of Japan
Result: 受章
Person of Cultural Merit
2016
Organization: Government of Japan
Result: 選出
Order of Culture
2023
Organization: Government of Japan
Result: 受章
Honorary Doctorate (University of Belgrade)
2009
Organization: University of Belgrade
Result: 授与

Awards & Nominations

Works

Major Works

Disequilibrium Dynamics

1981 Economics (theory) 320 pages

A theoretical analysis of inflation and unemployment that systematizes disequilibrium dynamics in macroeconomics and links mathematical models to macroeconomic theory.

disequilibrium dynamicseconomic growththeory of moneyevolutionary economics
Translations
  • Disequilibrium Dynamics (Japanese translation / Iwanami Shoten)

The Capital of The Merchant of Venice

1985 Essay / Economic thought 240 pages

An interdisciplinary essay examining capital and history through literary and economic lenses.

critique of capitalismhistory and economics

The Theory of Money

1993 Economics 280 pages

A theory of money informed by search-theoretic and evolutionary perspectives. Awarded the Suntory Academic Prize.

monetary theorysearch theory

What Will Become of Companies?

2003 Essay / Corporate sociology 200 pages

Considers the role and form of companies in post-industrial capitalism. Winner of the Kobayashi Hideo Award.

corporate theorytransformation of capitalismCSR

Bibliography

  • Disequilibrium Dynamics (1981) / Japanese edition (1987)
  • The Capital of The Merchant of Venice (1985)
  • The Theory of Money (1993)
  • Talking About Capitalism (1994)
  • Theories of 21st Century Capitalism (2000)
  • What Will Become of Companies? (2003)
  • Who Owns the Company? (2005)
  • M&A National Wealth Theory (co-author, 2008)
  • Objections to IFRS (2011)
  • The Universe of Economics (2015)
  • Living Within Capitalism (2024)

Style & Themes

Literary Style
academic and theoreticalessayistic and polemicalwrites in both English and Japanese
Recurring Motifs
disequilibriummoney and creditcorporate-society relationsstructure and transformation of capitalismtrust (confidence)

Legacy

Bridged theoretical economics and Japanese economic thought, making significant contributions in disequilibrium dynamics, monetary theory, and corporate theory. His academic leadership, public engagement, and advisory roles earned him recognition including membership in the Japan Academy and the Order of Culture.

Academic Societies

  • The Japan Academy

Trivia

  • His spouse is novelist Minae Mizumura.
  • Graduated University of Tokyo (1969); Ph.D. from MIT (1972).
  • Named Person of Cultural Merit in 2016 and awarded the Order of Culture in 2023.