++ Toshihiko Hayashi ++


Toshihiko Hayashi
Professor of Economics, University of the Air, Japan
Chairman of the Board, Stanford Japan Center, Japan

Date of Birth

March 4, 1943


  • Ph.D., Economics (Stanford University), September 1972
  • M.A., (Faculty of Economics, Osaka University), March 1968
  • B.A., (Faculty of Economics, Kyoto University), March 1966

  • 4/2002-Present:
    Professor of Economics , University of the Air
  • 4/1994-3/2002:
    Professor of Economics , Osaka School of International Public Policy(OSIPP), Osaka University
  • 4/1996-3/1998:
    Dean, OSIPP, Osaka University
  • 4/1985-3/1994:
    Professor of Economics, Faculty of Economics, Osaka University
  • 7/1983-6/1984:
    Visiting Resercher, Hoover Institution on War, Revolution and Peace, Stanford University
  • 4/1980-3/1985:
    Associate Professor, Faculty of Economics, Osaka University
  • 10/1978-3/1979:
    Associate Professor, Department of Economics, University of California at Davis
  • 10/1971-3/1980:
    Associate Professor, Faculty of Economics, Kobe University of Commerce
  • 8/1968-9/1971:
    Assistant Professor, Institute of Economic Reserch, Kobe University of Commerce

"Telecommunication Social Science Award" by the Telecommunications Promotion Foundation, 1993.

Membership in Academic Societies

  • Japanese Economic Association
  • Japan Society of Information and Communication
  • Japanese Association for Cultural Economics
  • The Japanese Association for American Studies
  • Japan NPO Research Association

  • Information-Based Economic System, June 2003 (in Japanese).
  • America in the Great Depression, June 2003 (in Japanese).
  • The Governance of the Advanced Information Society, (ed. with Sakai and Tohkura), March 2003 (in Japanese)
  • Japan's Financial Institutions in Turmoil, (ed. with Matsuura and Yonezawa), March 2003 (in Japanese)
  • Currency in Modern Economics 1997 (ed. with Ohyama et. al.), September 1997 (in Japanese).
  • Introduction to Heart and Mind Economics, October 1996 (in Japanese).
  • Network as Civilization (ed. with Ohmura), July 1994 (in Japanese).
  • Telecommunications Industry, ed., July 1994 (in Japanese).
  • Essays on Economy, November 1992 (in Japanese).
  • Telecommunication Economics, (ed. with Mtsuura), October 1992 (in Japanese).
Journal Articles (*Refers to refereed journals)

  • "Great Depression as Deflation," in Financial Review, vol.43, November 1997.
  • "Economics of Disaster Recovery," TOMORROW, Vol.12, No.1, June 1997.
  • "Agenda for Economic Reconstruction in Kobe After 3 Years since the Earthquake," Toshi Seisaku (Urban Policies), vol.87, March 1997.
  • "Direction of Reform for Fiscal Investment and Loan Program," Jutaku Mondai Kenkyu (Housing Research), Vol.11, No.3, October 1995.
  • "Public Regulation and Industry," ESP, No.281, August 1995.
  • "The Fundamentals for Recovery Plan from the Earthquake Disaster," 21 Seiki Hyogo (21st Century Hyogo), vol.66, March 1995 .
  • "Economic Regulation and Consumer" Keizai Hou gakkai Nenpo (Annals of the Japan Economic Law Association), Vol.16, No.38, September 1995.
  • "Network Dynamics: Competition and Welfare," Mathematics and Computers in Simulation (North Holland), Vol.39, 1995.
  • "Japanese Prices in the Global Age" Kokumin Seikatsu (National Livelihood), Vol.24, No.10, September 1994.
  • "Public Utility Regulation and the Policy Analysis," Koukyo Sentaku no Kenkyu (Public Choice Research), No.23, June 1994.
Other Articles

  • "The History of Bubbles," in Economics of Money, Nikkei Bunko, Nikkei Shimbun, September 2004.
  • "Culture and Economy in Information Society, " in Cultural Economics (ed. by Ikegami et. al.) , Yuhikaku, November 1998.
  • "What Is Deregulation?" in Futures of Japanese Economy (ed. Professor Group of Osaka University), Yuhikaku, July 1997.
  • "Towards Economic Recovery from Hanshin-Awaji Earthquake," Keizaijin (Business People), Vol.51, No.5, April 1997.
  • "What is Microeconomics?" in Foundation of Modern Microeconomics (ed. Tsuji et.al.) Yuhikaku, February, 1997.
  • "Information and Telecommunications with an Eye toward 21st Century," in The Development of Information and Telecommunications and the Future of NTT (ed. Ito), Nihon Hyoronsha, October 1996.
  • "Basic Viewpoints for Recovery Plan from Hanshin Earthquake," in Proposals for Earthquake Recovery by Economists (ed. Nihon Keizai Shinbun), January 1996.
  • "Introducing Market Principle for Fiscal Investment and Loan Program," in My Proposal to Reform Japan (ed. Nihon Keizai Shinbun), June 1996.
  • "The Structure of Industry to Support the Kinki Life in 21st Century," Monthly Kinki, Vol.312, September 1995.
  • "Privatization in Japan: Lessons for Nepal," Proceedings, The Econometrics of Information and Telecommunication 15th International Conference, Applied Econometrics Association, March 1994.
  • "Microeconomic Theory of Networks," in A Survey of Network Industries (ed. Nanbu et. al.), Nihon Hyoronsha, March 1994.
Participation at Major Professional Meetings, Conferences and Workshop

  • "eLearning: a Perspective from the University of the Air", Second Meeting of the Preparatory Committee, World Summit on the Information Society (WSIS-PrepCom-2), A series of conferences presented by ITU, ILO(International Labour Organization), Geneva, February 2003.
  • "Fostering globally accessible and affordable ICTs", Second Meeting of the Preparatory Committee, World Summit on the Information Society (WSIS-PrepCom-2) Side Event, A series of conferences presented by ITU, ILO(International Labour Organization),Geneva, February 2003.
  • "New Alliances for World Communications," 8th Biannual JUSTRI (Japan-U.S. Telecommunications Research Institute)Conference, Cosmos Club, Washington, D.C. ,U.S.A., November 1999.
  • "The Telecommunications Industry in Japan: Business Competition and International Regulatory Contest," Conference on The New Role of Government in a Market Economy, Nanyang Technological University, Singapore, February 1998.
  • "Toward a Creative Reconstruction," Annual Meeting of Hyogo Kensei Gakkai (Hyogo Prefectural Policy Association), March 1997.
  • Concluding Panel, Conference on Australia-Japan Comparative Economic and Public Sector Restructuring, University of Melbourne, Australia, February 1997.
  • Discussant for Merit Janow, "Policy Approaches to Deregulation," Conference on Micro-economic Reform and Deregulation in Japan, Columbia University, March 1996.
  • "A New Theory of Networks from Economics Perspective," Annual Meeting of Nihon Shakai Gakkai (Japanese Sociology Association) , November 1994.