The wealth effect, the capital account, and alternative policies under fixed exchange rates Views Synthesised diversified topics in mathematical economics into a coherent whole in Mathematical Economics", likewise with international economics in International Trade. Major contributions in papers: International trade — in showing that the usual procedure of comparing two commodities in determining comparative advantage is false in a multi-commodity world. Growth theory in proving that the Nurkse balanced growth hypothesis is in general false and that the usual instability result of neoclassical monetary growth models can be reversed if securities are introduced in the model. Macroeconomics in proposing a money supply formula in which the money supply is endogeneous depending on the rate of interest, and in putting into proper perspective the long-debated problem of stocks and flows. Monetary approach to the balance of payments — in finding the proper understanding of the classical mechanism of international adjustment and proving the equivalence of the devaluation condition and the stability condition of the long-run equilibrium.

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His projects are now characterized by their use of the identity or history of a certain locale, such as the Sugamo area of north Tokyo, and the interaction or involvement of the "audience". He looks at contemporary issues, such as the rising numbers of working poor in Japan, and also makes extensive use of social and digital media.

The name "Port B" is a reference to Portbou , the Spanish border town where Walter Benjamin committed suicide in his failed bid to escape the Nazis in Benjamin is an influence on Port B.

Audience members also traveled through areas like Sugamo and Harajuku partly by foot, using an MP3 player to listen to commentary and interviews. In this way, the performance took on the form of an oral history walking tour and coach tour that is immersive for the participants. It was intended partly to create an experience of the private space within the public, against the context of growing numbers of internet cafe "refugees" in Japan.

After answering a series of basic personality test questions, they were then recommended an "evacuation" site located around the Yamanote Line that they had to make their own way to, assisted by directions on the website and signs near the actual site.

The spots varied from arranged meetings with homeless people to encounters with minority groups, such as the Muslim community in Tokyo. Participants were then encouraged to post their responses to Twitter. Evacuate Frankfurt involved more than 30 commuter and streetcar stations, uncovering unfamiliar spots in the urban territory of the region and exploring new meanings to the term "evacuation".

He was inspired by the Zwentendorf Nuclear Power Plant , which was cancelled following a public referendum. The project was a specially converted truck that visitors could enter to watch video interviews with hundreds of school children in Fukushima and Tokyo.

They were all asked the same questions regarding their daily lives and their feelings about the current situation in Japan. Visitors were free to watch whichever and how many interviews they wanted in their own private booth, before "voting" in the fictional referendum themselves by filling out a questionnaire with the same kinds of questions. The project was intended to galvanize people into direct political and social action, though Takayama expressed disappointment at the passivity of local audiences.

A Japanese translation of the text was edited and then sections were recorded by high school girls in the Fukushima region. The postcards featured media images from the Fukushima crisis and on the back, maps and directions to take them to different locations. Each location was a recreation of the media image on the postcard. The performance was a success and extended by popular demand.

It featured special readings of texts created out of research into the history of certain sites in Tokyo. Audience members received a special booklet and radio, and were then free to travel to the sites around the city however they liked.

Yokohama Commune was a video installation featuring the voices of Indochina refugees living in Japan. It had an extended life after the Yokohama Triennale was over as a "live installation" with the participants in a Japanese classroom.


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