Home > Leadership Development Seminars > 2. Social science & culture seminar > Capitalism always needs new frontiers - How economists are struggling to get ideas -

Capitalism always needs new frontiers - How economists are struggling to get ideas -

Date & Time: April 10, 2015 (Fri) 16:30-18:00
Place: ES Hall, ES Building
Lecturer: Dr. Kenichi Imai (Senior Fellow Emeritus, Stanford University Professor Emeritus / Honorary Professor, Hitotsubashi University)
Language: English

Until the beginning of the 20th century, capitalism found new frontiers in colonization of developing countries, utilizing it as an economic growth engine. After reaching the limit, it formed finance capitalism that is far from real economy. Therefore, it finally resulted in the financial crisis of 2008. The theory of financial technology that started at Harvard University, on which finance capitalism had the basis, exposed a basic weakness.
Then, where can we find new frontiers of capitalism? Some people say that it is impossible to find ones and thus capitalism has already come to an end. However, it is difficult to find an alternative to capitalism. On the other hand, some researchers in Stanford University claim that the next frontier is space. However, discussing the future direction of capitalism is too hasty at the moment.
In this lecture, I would like to discuss, as an economist, my " process view" to find out new frontiers of capitalism, including the space.

Messages from "Space Experience"
 Example 1 (Point 1)
 Example 2 (Point 2)
 Example 3 (Point 3)
 Point 1: Religious Foundation of Economic Behavior
 Point 2: Can "Natural Capitalism save the planet
 Point 3: Lessons from Economics; A new economics of innovation
Concluding Remarks

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