Acknowledgements

The original book, Income and Wealth, was published in Japanese by Iwanami Shoten in 1991. Widely acclaimed as a new classic on distribution theory, it won the prestigious Nikkei Shimbun Economics Book Award the same year. Tsuneo Ishikawa started working on the English translation of his own book soon after its publication but he became seriously ill and, by the time he died in 1998, left half of it unfinished. His untimely death brought his friends, colleagues, and students together to establish the Ishikawa Tsuneo Fund to commemorate his life and work, and by the end of 2000 as many as five hundred people had contributed to the Fund. One of the Fund's missions was to publish the English translation of Income and Wealth. That so many of his former students, Takahisa Dejima, Kyota Eguchi, Yuji Genda, Mikinari Higano, Hidehiko Ishihara, Mamiko Ishihara, Susumu Imai, Shinsuke Kambe, Tomoko Kishi, Hideaki Murase, Nobuko Nagase, Naoko Nishimura, Hiroshi Teruyama, Atsushi Tsuneki, Kaoru Ueda, Shigeru Wakita, and Akiko Yoshida, volunteered to participate in the translation project is a testament to Ishikawa's stature as a teacher and a scholar. Without their devotion, the book would not have come to life. Yuji Genda coordinated the project and he was assisted by Shinsuke Kambe, Naoko Nishimura, and Hiroshi Teruyama. Asami Tokuda complied references, Takehisa Shinozaki and Yoko Takahashi proofread, and the Daido Life Foundation provided financial assistance. Rebecca Bryant, Toyoshi Onji, and Andrew Schuller of Oxford University Press provided important advice and encouragement during the book's long gestation period.

The Board of Ishikawa Tsueo Fund

Katsuhito Iwai (Co-chair)

Masahiro Okuno-Fujiwara (Co-chair)

Konosuke Odaka

Yukihiko Kiyokawa

Toshiaki Tachibanaki

Yuji Genda

-ii-

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Income and Wealth
Table of contents

Table of contents

  • Acknowledgements ii
  • Income and Wealth iii
  • Contents v
  • List of Figures vii
  • List of Tables ix
  • 1: Introduction 1
  • Appendix 1.1 21
  • 2: The Concept of Distributive Justice 24
  • 3: The Labour Market and the Distribution of Income 53
  • Appendix 3.1 Mathematical Appendix 126
  • 4: Schooling and the Distribution of Earnings 140
  • Appendix 4.1 Mathematical Appendix 174
  • 5: The Labour Market and the Distribution of Income 176
  • 6: The Dual Labour Market Hypothesis and the Japanese Labour Market 241
  • 7: The Generation and Distribution of Wealth 283
  • 8: Conclusion 366
  • Bibliography 374
  • Index 391
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