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A Theory of the Producer-Consumer Household

The New Keynesian Perspective on Self-Employment

  • Book
  • © 2011

Overview

Authors:
  1. Yoshihiro Maruyama

    1. University of Tsukuba, Japan

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  2. Tadashi Sonoda

    1. Nagoya University, Japan

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About this book

The quick recovery of Asian economies from recent recessions in comparison to the struggling American and European economies can be attributed in part to the positive aggregate-demand externalities of their self-employment sectors. This book presents a behavioural analysis of this effect, with a detailed focus on producer households.

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Table of contents (9 chapters)

  1. Front Matter

    Pages i-xx
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  2. A Prototype Model of the Producer-Consumer Household

    • Yoshihiro Maruyama, Tadashi Sonoda
    Pages 1-29

  3. The Behavioral Transformation of Producer-Consumer Households through the Development of Competitive Markets

    • Yoshihiro Maruyama, Tadashi Sonoda
    Pages 30-111

  4. Effects of the Internal Wage Rate on Output Supply: A Structural Estimation for Japanese Rice Farmers

    • Yoshihiro Maruyama, Tadashi Sonoda
    Pages 112-133

  5. The Economic Differentiation of Producer-Consumer Households

    • Yoshihiro Maruyama, Tadashi Sonoda
    Pages 134-148

  6. The Structure of Labor Supply

    • Yoshihiro Maruyama, Tadashi Sonoda
    Pages 149-172

  7. Demand for Capital Service (Consumption Good in the Production of Household Goods)

    • Yoshihiro Maruyama, Tadashi Sonoda
    Pages 173-190

  8. A Dual Economy of the New Keynesian Type with Self-Employment Included

    • Yoshihiro Maruyama, Tadashi Sonoda
    Pages 191-218

  9. The Sectoral Productivity and the Behavior of the Economy in which the Home Production of Household Goods Is Inevitable

    • Yoshihiro Maruyama, Tadashi Sonoda
    Pages 219-241

  10. The Positive Aggregate-Demand Externalities of Producer-Consumer Households to Stabilize Aggregate Economic Fluctuations: A Comparison between Japan and the United States

    • Yoshihiro Maruyama, Tadashi Sonoda
    Pages 242-267

  11. Back Matter

    Pages 268-278
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Authors and Affiliations

  • University of Tsukuba, Japan

    Yoshihiro Maruyama

  • Nagoya University, Japan

    Tadashi Sonoda

About the authors

YOSHIHIRO MARUYAMA is Professor Emeritus at the University of Tsukuba, Japan. He has also held positions as Associate Professor at Kyoto University, Japan, Lecturer at Essex University, UK, and Assistant Professor at the University of Massachusetts, USA. Previous posts include work as Advisor at the International Institute of Applied Systems Analysis, and as Policy Advisor in the National Development Planning Agency in the Government of Indonesia. 

TADASHI SONODA is Associate Professor at Nagoya University, Japan. Previously published works include 'Effects of the Internal Rate of Wage on Output Supply', and 'A System Comparison Approach to Distinguish Two Non-Separable and Non-Nested Agricultural Household Models'.

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