The Dojima Rice Exchange
From Rice Trading to Index Futures Trading in Edo-Period Japan

世界初の先物取引市場とされる、江戸時代の堂島米市場。先例のない市場がどのように機能し発展したか、市場経済の本質をも明らかにした『大坂堂島米市場』の英訳書。

高槻泰郎 著／Louisa Rubinfien 訳
出版：出版文化産業振興財団

The Dojima Rice Exchange of the Edo period (1603-1868), located in Osaka, Japan, is known among researchers as “the world’s first futures trading market.” Much as modern markets do today, the Edo-period Dojima market had a market for trading securities called rice certificates and an index futures market for trading indices derived from those securities.

How did the people and government of the Edo period, who had no precedents to draw on, let alone economists to consult, contend with what was often a runaway market? The story of how the futures market developed and functioned at Dojima reveals the true nature of the “market economy.”

¥3,080.-