Eleanor Hadley was a woman ahead of her time. While working on a Ph.D. in economics at Harvard, she was recruited by the U.S. government for her knowledge of Japanese zaibatsu (business combines) and subsequently became one of MacArthur's key advisors during the Occupation. After completing her doctorate, she prepared for a career in Washington until she learned she was being blacklisted. Seventeen years passed before Hadley's name was cleared; she returned to government service in 1967 and began a distinguished career as a senior policy analyst with the U.S. Tariff Commission and the...

Before and during World War II, Japan's economy was controlled by power economic concentrations, large family holdings that passed from one generation to another, called zaibatsu. This book is a full assessment of the American postwar attempt to break up these powerful combines. Miss Hadley recounts both General Douglas MacArthur's efforts to implement the American occupation's antitrust policies and the Japanese government's resistance while it appeared to comply with zaibatsu dissolution. As the Cold War developed, American defense thinkers began to emphasize recovery...