Makoto Itoh Makoto Itoh is Professor Emeritus at the University of Tokyo and a member of the Japan
Academy. He taught at the New School, New York University, Harvard University, Cambridge University,
the University of London, York University in Canada and University of Sydney. His books include The
Basic Theory of Capitalism, The World Economic Crisis and Japanese Economy, Political Economy for
Socialism, Political Economy of Money and Finance, and The Japanese Economy Reconsidered.