Masahiko Aoki was a Japanese economist, Tomoye and Henri Takahashi Professor Emeritus of Japanese Studies in the Economics Department, and Senior Fellow of the Stanford Institute for Economic Policy Research and Freeman Spogli Institute for International Studies at Stanford University.
11 Facts About Masahiko Aoki
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Masahiko Aoki became assistant professor at Stanford University in 1967, Harvard University in 1968, and Kyoto University in 1969, where he remained until his promotion to full professor in 1977.
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Masahiko Aoki held visiting positions at Tokyo University, Keio University, Hitotsubashi University, Harvard University, the London School of Economics, and the Max Planck Institute in Cologne.
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Masahiko Aoki's research has been published in the leading journals in economics, including the American Economic Review, Econometrica, the Quarterly Journal of Economics, Review of Economic Studies, the Journal of Economic Literature, Industrial and Corporate Change, and the Journal of Economic Behavior and Organizations.
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Masahiko Aoki was the founding editor of the Journal of the Japanese and International Economies.
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Besides authoring five books, Masahiko Aoki was active in organizing international research projects on various institutional topics and has edited more than ten books for institutions such as the World Bank and the International Economic Association, to which more than 200 scholars from more than 20 countries contributed.
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Masahiko Aoki was president of the Japanese Economic Association from 1995 to 1996, and President of the International Economic Association from 2008 to 2011.
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Max Planck 8.
Masahiko Aoki served as president of the Japanese Government's Research Institute of Economy, Trade and Industry, where he stressed the necessity of a trans-disciplinary approach to public policy research.
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Masahiko Aoki's research made him a pioneer and leader in comparative institutional analysis.
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Masahiko Aoki was the first to directly apply institutional analysis to Japan, arguing in the late 1980s that institutions such as lifetime employment, the main bank system, long-term supplier relations, and government as an interest group mediator were in mutually complementary, game-theoretic equilibria in the context of Japan's institutional evolution.
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Masahiko Aoki used this framework to analyze how institutions evolve, why institutional structures are diverse across economies, and what factors lead to institutional change or rigidity.