紀要論文

株式資本論研究の展開

Rethinking the Theory of Stock Capital

jpn

00229741

https://doi.org/10.15002/00025172

法政大学経済学部学会

89

2

883

915

2022-03-20

Version of Record

河村哲二教授退職記念号

The study of stock capital theory in Japan from the postwar period to the present is discussed in this paper. There are three trends in research on stock capital theory in postwar Japan. The first is the research trend that approaches stock capital from economics, starting with Kozo Uno. Uno discussed stock capital as economics, but in the principles of political economy, stock capital was discarded. The second is the trend of credit theory that began with Ichiro Kawai. Kawai proposed a method of approaching a joint-stock company from credit theory. On the other hand, the third trend of business administration, represented by Katsuzo Baba, proposed a method of approaching a joint-stock company regardless of credit. These three research trends were integrated by Shigekatsu Yamaguchi in the 1980s. Unlike Uno, Yamaguchi showed a direction to discuss stock capital within the principles. The relationship between credit and stock capital, which was the focus between Kawai and Baba, was then incorporated into the theoretical system that was reconstructed independently. In recent years, a new direction for stock capital has been shown. One is Michiaki Obata’s theory, which discusses joint stock in the doctrine of circulation. One further direction is Masashi Shimizu’s theory, which discusses commercial capital and banking capital in the capital market. Research on stock capital theory in Japan is still deepening.

Article

AN00071028