Book Review: Confucian Capitalism by John H. Sagers
As I delved into John H. Sagers’ Confucian Capitalism, I found myself captivated by the author’s analysis of the relationship between Confucianism and capitalism in East Asia. Sagers presents a well-researched and thought-provoking argument that brings to light how Confucian values have shaped the economic development of countries like Japan, South Korea, Taiwan, and China.
One of the things that struck me as particularly compelling was Sagers’ discussion of the importance of social cohesion in Confucian societies. He argues that this emphasis on harmony and community has enabled these countries to achieve remarkable economic success while maintaining a strong sense of social responsibility.
Another key theme that stood out to me was Sagers’ exploration of how Confucian ideals have influenced business practices in East Asia. He provides fascinating examples of companies like Samsung and Toyota that have incorporated Confucian principles into their corporate cultures with great success.
While I found much to admire in Sagers’ book, there were also some areas where I felt the argument could have been stronger. Specifically, I would have loved to see more analysis of how gender roles fit into this picture; given the patriarchal nature of many traditional Confucian societies, it seems likely that gender dynamics play an important role in shaping economic outcomes as well.
Overall, though, I would highly recommend Confucian Capitalism for anyone interested in exploring the interplay between culture and economics in East Asia. Sagers has written a deeply engaging and thought-provoking book that left me with a newfound appreciation for just how influential these ancient values continue to be on modern society.
Confucian Capitalism
With the life story of Shibusawa Eiichi (1840–1931), one of the most important financiers and industrialists in modern Japanese history, as its narrative focal point, this book explores the challenges of importing modern business enterprises to Japan, where the pursuit of profit was considered beneath the dignity of the samurai elite. Seeking to overturn the Tokugawa samurai-dominated political economy after the Meiji Restoration, Shibusawa was a pioneer in introducing joint-stock corporations to Japan as institutions of economic development. As the entrepreneurial head of Tokyo’s Dai-Ichi Bank, he helped launch modern enterprises in such diverse industries as banking, shipping, textiles, paper, beer, and railroads. Believing businesses should be both successful and serve the national interest, Shibusawa regularly cautioned against the pursuit of profit alone. He insisted instead on the ‘unity of morality and economy’ following business ethics derived from the Confucian Analects. A top leader in Japan’s business community for decades, Shibusawa contributed to founding the Tokyo Stock Exchange, the Tokyo Chamber of Commerce, and numerous educational and philanthropic organizations to promote his vision of Confucian capitalism. This volume marks an important contribution to the international debate on the extent to which capitalist enterprises have a responsibility to serve and benefit the societies in which they do business. Shibusawa’s story demonstrates that business, government, trade associations, and educational institutions all have valuable roles to play in establishing a political economy that is both productive and humane.
publishedDate : 2019-01-30
authors : John H. Sagers
publishers : Springer International Publishing
pageCount : 245
Confucian Capitalism
Author by : John H. Sagers
Languange Used : en
Release Date : 2018-07-20
Publisher by : Springer
ISBN :
Description : With the life story of Shibusawa Eiichi (1840–1931), one of the most important financiers and industrialists in modern Japanese history, as its narrative focal point, this book explores the challenges of importing modern business enterprises to Japan, where the pursuit of profit was considered beneath the dignity of the samurai elite. Seeking to overturn the Tokugawa samurai-dominated political economy after the Meiji Restoration, Shibusawa was a pioneer in introducing joint-stock corporations to Japan as institutions of economic development. As the entrepreneurial head of Tokyo’s Dai-Ichi Bank, he helped launch modern enterprises in such diverse industries as banking, shipping, textiles, paper, beer, and railroads. Believing businesses should be both successful and serve the national interest, Shibusawa regularly cautioned against the pursuit of profit alone. He insisted instead on the ‘unity of morality and economy’ following business ethics derived from the Confucian Analects. A top leader in Japan’s business community for decades, Shibusawa contributed to founding the Tokyo Stock Exchange, the Tokyo Chamber of Commerce, and numerous educational and philanthropic organizations to promote his vision of Confucian capitalism. This volume marks an important contribution to the international debate on the extent to which capitalist enterprises have a responsibility to serve and benefit the societies in which they do business. Shibusawa's story demonstrates that business, government, trade associations, and educational institutions all have valuable roles to play in establishing a political economy that is both productive and humane....
Origins Of Japanese Wealth And Power
Author by : J. Sagers
Languange Used : en
Release Date : 2006-02-04
Publisher by : Springer
ISBN :
Description : This book focuses on the trans-Meiji Restoration story of the ideological transformation that made modern capitalism possible in Japan. To illustrate this transformation, the book looks at four key architects of Meiji Japan's capitalist institutions: Okubo Toshimichi, Godai Tomoatsu, Matsukata Masayoshi and Maeda Masana....
Deeply Responsible Business
Author by : Geoffrey Jones
Languange Used : en
Release Date : 2023-03-21
Publisher by : Harvard University Press
ISBN :
Description : Corporate social responsibility has entered the mainstream, but what does it take to run a successful purpose-driven business? A Harvard Business School professor examines leaders who put values alongside profits to showcase the challenges and upside of deeply responsible business. For decades, CEOs have been told that their only responsibility is to the bottom line. But consensus is that companies—and their leaders—must engage with their social and environmental contexts. The man behind one of Harvard Business School's most popular courses, Geoffrey Jones distinguishes deep responsibility, which can deliver radical social and ecological responses, from corporate social responsibility, which is often little more than window dressing. Deeply Responsible Business offers an invaluable historical perspective, going back to the Quaker capitalism of George Cadbury and the worker solidarity of Edward Filene. Through a series of in-depth profiles of business leaders and their companies, it carries us from India to Japan and from the turmoil of the nineteenth century to the latest developments in impact investing and the B-corps. Jones profiles business leaders from around the world who combined profits with social purpose to confront inequality, inner-city blight, and ecological degradation, while navigating restrictive laws and authoritarian regimes. He found that these leaders were motivated by bedrock values and sometimes—but not always—driven by faith. They chose to operate in socially productive fields, interacted with humility with stakeholders, and felt a duty to support their communities. While far from perfect—some combined visionary practices with vital flaws—each one showed that profit and purpose could be reconciled. Many of their businesses were highly successful—though financial success was not their only metric of achievement. As companies seek to coopt ethically sensitized consumers, Jones gives us a new perspective to tackle tough questions. Inspired by these passionate and pragmatic business leaders, he envisions a future in which companies and entrepreneurs can play a key role in healing our communities and protecting the natural world....
The Rule Of Culture
Author by : Hong Hai
Languange Used : en
Release Date : 2019-10-28
Publisher by : Routledge
ISBN :
Description : Culture has an abiding influence on the way countries and business corporations are governed. This book introduces the reader to the deep philosophies that drive corporations and governments in East Asia, from China through Japan and South Korea to Singapore. With sparkling clarity and spiced with anecdotes and case studies, it depicts how respect for cultures can lead to spectacular success, or the lack of it to failure. Confucian practices such as guanxi in Chinese society, the benevolent culture of entity firms in Japan, and patriarchal chaebols in South Korea are analyzed with examples like Esquel, Nissan, and Samsung. A delightful chapter on Daoism shows how it drives Jack Ma’s Alibaba.com. In the governance of nations, the author reinforces Burke’s dictum that systems of government must be consonant with traditional cultures, and he calls out misguided attempts by the West to foist liberal democracies on civilizations in the East where respect for authority and communitarian values come before individual interest. The author advances the novel concept of the meritocratic democracy in which leaders are chosen not by electoral popularity but by proven ability. In a thought-provoking concluding chapter, he evaluates prospective constitutional changes in China that would enshrine meritocratic democracy as an alternative to liberal democracies that have turned dysfunctional in many Western nations....
Ethical Capitalism
Author by : Patrick Fridenson
Languange Used : en
Release Date : 2017-03-17
Publisher by : University of Toronto Press
ISBN :
Description : Shibusawa Eiichi (1840–1931) was a Japanese banker and industrialist who spearheaded the modernization of Japanese industry and finance during the Meji Restoration. He founded the first modern bank in Japan and his reforms introduced double entry accounting and joint-stock corporations to the Japanese economy. Today, he is known as the “father of Japanese capitalism.” Ethical Capitalism is a volume of essays that tackles the thought, work, and legacy of Shibusawa Eiichi and offers international comparisons with the Japanese experience. Eiichi advocated for gapponshugi, a principle that emphasized developing the right business, with the right people, in service to the public good. The contributors build a historical perspective on morality and ethics in the business world that, unlike corporate social responsibility, concentrates on the morality inside firms, industries, and private-public partnerships. Ethical Capitalism is not only a timely work; it is a necessary work, in a rapidly globalizing world where deregulation and lack of oversight risk repeating the financial, environmental, and social catastrophes of the past....
The Japanese
Author by : Christopher Harding
Languange Used : en
Release Date : 2020-11-05
Publisher by : Penguin UK
ISBN :
Description : A SUNDAY TIMES BOOK OF THE YEAR 2020 'Mightily impressive ... a marvellous read' Sunday Times From the acclaimed author of Japan Story, this is the history of Japan, distilled into the stories of twenty remarkable individuals. The vivid and entertaining portraits in Chris Harding's enormously enjoyable new book take the reader from the earliest written accounts of Japan right through to the life of the current empress, Masako. We encounter shamans and warlords, poets and revolutionaries, scientists, artists and adventurers - each offering insights of their own into this extraordinary place. For anyone new to Japan, this book is the ideal introduction. For anyone already deeply involved with it, this is a book filled with surprises and pleasures....
The Entrepreneur Who Built Modern Japan
Author by : Masakazu Shimada
Languange Used : en
Release Date : 2017-03-27
Publisher by :
ISBN :
Description : "In this penetrating biography of Shibusawa Eiichi (1840-1931), one of Japan's foremost entrepreneurs, Shimada Masakazu traces Shibusawa's youth, when he witnessed the decay of Japan's feudal society and experienced the benefits of modernization at first hand in Europe; his service in the Ministry of Finance of the new Meiji government in its early years; and his venture into business and involvement in literally hundreds of companies as he set about building the roots of modern corporate Japan. Shimada also looks closely at Shibusawa's social activities and his insistence that economics and morals are inseparable. In troubled times like the present, when the limits of capitalism are being seen around the world, Shibusawa's vision is as relevant as ever"--Back cover....