The Transformation of Adam Smith’s Political Economy in Japan: The struggle between Yukichi Fukuzawa and Shigeki Nishimura over wealth and virtue

Abstract

In The Human Condition, Hanna Arendt explained the rise of the social realm during the early modern period from the ancient dichotomy between the public and the private domains. For her, the rise was relevant to the establishment of political economy. This establishment was also linked with the intellectual change of a non-Western region. When Japanese intellectuals began importing Western political economy, they confronted a problem of how to fit that science to the Japanese situation, which they saw as having no public realm composed of equal citizens. Although scholars have studied the reception of political economy in Japan, how the intellectuals transformed their understanding of society remains a research gap. I argue that some intellectuals in Japan thought that in order to provide space for the concept of political economy, they needed to create both a public and a social realm, and this caused some tension – a tension different from that in the European context. Indeed, Japanese people had a unique reception of Adam Smith’s political economy. Especially after Westernization (or the Meiji Restoration) began in 1868, the concept of political economy began to spread throughout Japan. Yukichi Fukuzawa (1835–1901), the most influential Enlightenment thinker in the Meiji era, denied the traditional, neo-Confucian view of economics and declared that the pursuit of wealth should be the goal of society; he thus introduced space for the concept of political economy into Japan. This space was regarded as troublesome, and Shigeki Nishimura (1828–1902), an advocate of national morality, challenged the concept, arguing that society should be based on ethics, not on the pursuit of wealth.