The transformative power of translation
"Not Lost In Translation: How Barbarian Books Laid the Foundation for Japan’s Industrial Revolution", by Alex Tabarrok, Marginal Revolution (July 22, 2024)
I am grateful to Alex Tabarrok and his colleague Tyler Cowen at Marginal Revolution University of George Mason University's Mercatus Center for introducing me to what is one of the most mind-boggling/blowing papers I have read in the last decade.
First, here is Tabarrok's introduction, and that will be followed by selections from the revolutionary paper to which I am referring.
Japan’s growth miracle after World War II is well known but that was Japan’s second miracle. The first was perhaps even more miraculous. At the end of the 19th century, under the Meiji Restoration, Japan transformed itself almost overnight from a peasant economy to an industrial powerhouse.
After centuries of resisting economic and social change, Japan transformed from a relatively poor, predominantly agricultural economy specialized in the exports of unprocessed, primary products to an economy specialized in the export of manufactures in under fifteen years.
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