Masahiko Aoki is the Henri and Tomoye Takahashi
Professor Emeritus of Japanese Studies in the Economics Department, and
a Senior Fellow of Stanford Institute of Economic Policy Research (SIEPR) and
Freeman Spogli Institute for International Studies (FSI) at
University. His preferred field covers the theory of institution, corporate
governance, East Asian economies.
Aoki's most recent book, Corporations in Evolving Diversity: Cognition, Governance, and Institutions, based on 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, and discusses their implications to corpoprate governance, as well as their institutionalized modes of interactions with society, polity and financial markets within a unified game-theoretic perspective. His previous book, Toward
a Comparative Institutional Analysis, was published in 2001 by
MIT Press. This work developed a conceptual and analytical framework for
comparative studies of institutions using game-theoretic language. His research has been
also 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, the Journal of Economic Behavior and Organizations.
Aoki was a President of the International Economic
Association (2008~2011) as well as a President of the Japanese Economic
Association (1995-96). He is a Fellow of the Econometric Society and the founding
editor of the Journal of Japanese and International Economies. 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 has also visited institutions in China, England, Germany, Japan and Sweden. He became Professor
Emeritus 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