Masahiko Aoki is the Henri and Tomoye Takahashi
Professor of Japanese Studies and Professor of Economics, Emeritus, and
Senior Fellow of Stanford Institute of Economic Policy Research (SIEPR) and
Freeman Spogli Institute for International Studies (FSI) at
University. His preferred field covers institutional analysis, corporate
governance, East Asian economies.
Aoki's most recent book, Corporations in Evolving Diversity: Cognition, Governance, and Institutions, derived from his 2008 Clarendon Lectures, was published in 2010 by Oxford University Press. It identifies a variety of corporate architcture as discrete systems of associational-cognition, with respectively distinct corporate governance structures, as well as institutionalized modes of interactions with society, polity and financial markets. His previous book, Toward
a Comparative Institutional Analysis, published in 2001 by
MIT Press, laid a foundation for game-theoretic conceptual and analytical framework for
comparative institutional studies. His research has also been
published in 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, the Journal of Economic Behavior and Organizations. Representative articles are collected in his Selected Papers of Masahiko Aoki published in 2013 by Edwrd Elgar.
Aoki was President of the International Economic
Association (2008~2011) and responsible for the organizatin of its XVI-th World Congress held in Beijing in 2011, to which the collection of invited lectures was published in four volumes by Palgrave MacMillan. He also served as President of the Japanese Economic
Association (1995-96). He is a Fellow and a former member of the Council of the Econometric Society. He was awarded the Japan
Academy Prize in 1990 and the 6th International Schumpeter
Prize in 1998. Between 2001 and 2004, Aoki served as the President and Chief
Research Officer (CRO) of the Research Institute of Economy, Trade and
Industry (RIETI) in
Aoki graduated from the
Tokyo with a BA and an MA in
economics and earned a Ph.D. in economics from the
in 1967. He was formerly an assistant professor at
and served as both an associate and full professor at the
before re-joining the Stanford faculty in 1984. He held visited positions at major academic institutions in China, Germany, Japan, Sweden and the UK. He became Professor
Emeritus at Stanford University in 2005 to concentrate on research as well as be engaged in
various international activities.
The Five Phases of Economic Development and Institutional Evolution in China and Japan, Presidential Lecture at the XVI-th World Congress of the International Economic Association, July 4th, 2011.
Organizations Under Large Uncertainty: An Analysis of the Fukushima Catastrophe, jointly with Geoffrey Rothwell