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He was the originator of the project that resulted in the establishment of the Suntory-Toyota Foundation and the Suntory and Toyota International Centres for Economic and Related Disciplines (STICERD) at LSE. He was STICERD's first chairman. In 1991 he was elected an Honorary Fellow of the LSE.
His principal interests were in general equilibrium theory, the history of economic thought, and capitalist economic systems. Morishima's economic theory worked towards the accommodation of von Neumann's 1937 multi-sectoral growth model to a general equilibrium model. His research reviewed the works of Marx and Walras. Considering the work of these theorists to be Ricardian, his research worked to show that the modification of them along von Neumann lines elucidates the theoretical similarities and differences between the positions.
His publications included Equilibrium, Stability and Growth (1964), Theory of Economic Growth (1969), Marx's Economics (1973), The Economic Theory of Modern Society (1976), Why has Japan 'succeeded'? (1982), and The Economics of Industrial Society (1984).
Morishima, Michio (1952), "On the Laws of Change of the Price System in an Economy which Contains Complementary Goods", Osaka EP.
Morishima, Michio (1952), "Consumer Behavior and Liquidity Preference", Econometrica.
Morishima, Michio (1956), "An Analysis of the Capitalist Process of Reproduction", Metroeconomica.
Morishima, Michio (1957), "Notes on the Theory of Stability of Multiple Exchange", RES.
Morishima, Michio (1958), "A Contribution to the Non-Linear Theory of the Trade Cycle", ZfN.
Morishima, Michio (1958), "A Dynamic Analysis of Structural Change in a Leontief Model", Economica.
Morishima, Michio (1958), "Prices Interest and Profits in a Dynamic Leontief System", Econometrica.
Morishima, Michio (1959), "Some Properties of a Dynamic Leontief System with a Spectrum of Techniques", Econometrica.
Morishima, Michio (1960), "Existence of Solution to the Walrasian System of Capital Formation and Credit", ZfN.
Morishima, Michio (1960), "On the Three Hicksian Laws of Comparative Statics", RES.
Morishima, Michio (1960), "A reconsideration of the Walras-Cassel-Leontief model of general equilibrium", in Arrow, Kenneth J.; Karlin, Samuel; Suppes, Patrick, Mathematical models in the social sciences, 1959: Proceedings of the first Stanford symposium, Stanford mathematical studies in the social sciences, IV, Stanford, California: Stanford University Press, pp. 63-76, ISBN9780804700214
Morishima, Michio (1960), "Economic Expansion and the Interest Rate in Generalized von Neumann Models", Econometrica.
Morishima, Michio (1961), "Proof of a Turnpike Theorem: The `No Joint Production' Case", RES.
Michio Morishima; Francis Seton (Apr 1961). "Aggregation in Leontief Matrices and the Labour Theory of Value". Econometrica. 29 (2): 203&mdash, 220. JSTOR1909289.
Morishima, Michio (1961), "Generalizations of the Frobenius-Wielandt Theorems for Non- Negative Square Matrices", J of London Mathematical Society.
Morishima, Michio (1962), "The Stability of Exchange Equilibrium: An alternative approach", IER.
Morishima, Michio (1964), Equilibrium, Stability and Growth: A multi-sectoral analysis.
Morishima, Michio (1966), "A Refutation of the Non-Switching Theorem", QJE.
Morishima, Michio (1967), "A Few Suggestions on the Theory of Elasticity", Keizai Hyoron
Morishima, Michio (1969), Theory of Economic Growth.
Morishima, Michio (1970), "A Generalization of the Gross Substitute System", RES.
Morishima, Michio (1971), "Consumption-Investment Frontier, Wage-Profit Frontier and the von Neumann Growth Equilibrium", ZfN.
Morishima, Michio (1972), The Working of Econometric Models, (in collaboration with Y. Murata, T. Nosse and M. Saito).
Morishima, Michio (1973), Marx's Economics: A dual theory of value and growth. Cambridge.
Morishima, Michio (1973), Theory of Demand: Real and monetary, with co-authors.
Morishima, Michio (1973), The Economic Theory of Modern Society.
Morishima, Michio (1974), "The Frobenius Theorem, Its Solow-Samuelson Extension and the Kuhn-Tucker Theorem", with T. Fujimoto, JMathE.