Welfare and Capitalism in Postwar JapanThis book explains how postwar Japan managed to achieve a highly egalitarian form of capitalism despite meager social spending. Estevez Abe develops an institutional, rational choice model to solve this puzzle. She shows how Japan's electoral system generated incentives that led political actors to protect, if only for their own self interested reasons, various groups that lost out in market competition. She explains how Japan's postwar welfare state
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