1. Whiter Global Capitalism: Marxian Economics in Japan Nobuharu Yokokawa Musashi University

2. Heterodox Economics Organizations Japan Society of political Economy Political Economy & Economic History Society Japan Association for Evolutionary Economics The Japanese Society for the History of Economic Thought The Japan Society of International Economics Main stream: Japanese Economic Association

3. Kozo Uno’s three levels of analysis: The general theory of capitalism; The stages of capitalist developments; Detailed studies of particular countries and time-periods. Kozo Uno’ three level analysis

4. Heterodox Economics The French Regulation school The Keynesian models Institutionalist and historical schools

5. The Japan Society of Political Economy (1) The largest organization of heterodox economists in Japan since its founding in 1959 (2) The JSPE began inviting non-Japanese economists since 2001. (3) The first English publication of collected papers from the annual meetings, The Crisis of 2008 and the Future of Capitalism. (4) We plan to publish a volume of collected papers each year and to publish Newsletters in English.

6. Structural changes in Bureaucratic Capitalism after World War II (1) The cyclical crises in the golden age solved the conflict between capital and labour over the distribution of value added per unit of labour and reinforced the self-regulating nature of capitalism. (2) The structural crisis in the 1970s destroyed the accumulation regime of the golden age and created that of neo-liberalism. (3) The subprime loan crisis was a systemic crisis that would destroy the present capitalist world system.

7. Systemic Crisis and Evolution of capitalism (1) Britain in the end of 19 century left the investment strategy to market. Ricardian liberalism was partially responsible. (2) The USA in the 1970s took the same strategy, choosing neo-liberalism and kicked away followers’ protectionist ITT policies. (3)The USA after 2007 Full development of IT industries requires solving demand constraints by rebuilding the link between productivity growth and wages and keeping most advanced knowledge within the country by controlling transnational corporations. The neo-liberal ideology makes these policies impossible.