The 12th UU-A Symposium : “ Tackling Poverty in the Riparian Communities of Lake Victoria through Upgrading of Fish Value Chains”
On Air
Subject | Humanities & Social Sciences
Sustainable Strategies in ESG
We will study economic theory of sustainability and look at future policy development.
©Chiba University. Last Update 2025-11-20
Content／学習内容
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Sustainable Strategies in ESG – Economic Theory of Sustainability
Conventional and future economic indicators
Videos
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Conventional and future economic indicators Part1
(1) Overall plan of this lecture
(2) The text book -
Conventional and future economic indicators Part2
(1) Conventional economic indicator
(2) What is GDP?
(3) Characteristics of GDP
(4) Three different axes for GDP -
Conventional and future economic indicators Part3
(5) Eight economic index groups
(6) Sustainability indicators
(7) Weak and Strong sustainability
(8) Sustainability and the other axises
Lecturers
／講師
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Hidefumi Kurasaka
Professor, Graduate school of Social Sciences, Chiba University
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How Was “Waste-Free Economics” Established?
Chapter 1 of the text book
Videos
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Handling of the material side of “wealth”
(1) Physiocrats and Adam Smith.
(2) Say’s “utility production” theory.
(3) Malthus, Ricardo, and Mill.
(4) The rise of the “wealth of exchange value” theory due to the marginal revolution.
(5) Union by Marshall -
Handling of gifts of nature
(1) The first economists to recognize gifts of nature
(2) Adam Smith
(3) Ricardo’s differential rent and gifts of nature -
Economics and material aspects
(1) Economics and material aspects
(2) Extra: A comparison of microeconomics and macroeconomics
Lecturers
／講師
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Hidefumi Kurasaka
Professor, Graduate school of Social Sciences, Chiba University
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Production and Consumption in “Waste-Free Economics”
Chapter 2 and 3 of the text book
Videos
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Theory of waste-free production
(1) Assumption of diminishing returns
(2) Assumption of profit maximization
(3) Reaction of producers when the pricing system changes -
Theory of waste-free consumption
(1) Assumption of diminishing utility
(2) Assumption of utility maximization
(3) Product demand in the goods market and labor supply in the labor market -
Price adjustment in the market
(1) Price determination in the market
(2) Social surplus in market equilibrium
(3) When producing/consuming at a point other than the market equilibrium
point
Lecturers
／講師
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Hidefumi Kurasaka
Professor, Graduate school of Social Sciences, Chiba University
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Approach to Environmental Problems by “Waste-Free Economics”
Chapter 4 of the textbook
Videos
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Genealogy of the concept of “externalities”
(1) Marshall’s external economies
(2) Concept of dissociation between Pigou’s marginal private net product and marginal social net product
(3) Externality concept as a direct dependency not through the market -
Determination of “optimal pollution amount”
(1) Marginal external cost.
(2) Determination of socially desirable “optimal pollution amount”
(3) The transaction point where the social surplus is maximized when external diseconomies exist -
Social surplus when an external economy exists
(1) Public Goods as a Type of Externalities Problem
(2) The point at which the social surplus is maximized when there is an external economy
Lecturers
／講師
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Hidefumi Kurasaka
Professor, Graduate school of Social Sciences, Chiba University
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Limitations of Handling Environmental Issues in “Waste-Free
Economics”Chapter 5 of the textbook
Videos
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Monetary evaluation of environmental value
(1) Can one quantify the benefits of environmental measures?
(2) Method of monetary evaluation of environmental value.
(3) Limits of monetary evaluation of environmental value.
(4) Examination of counterarguments to criticism of the CVM -
Reasons that “waste-free economics” is not accepted
(1) Environmental measures that reduces economic activity.
(2) Inability to account for the irreversibility of environmental problems
(3) Inability to deal with problems that span generations -
Forest evaluation paradox
(1) What is the amount of forest environment tax?
(2) Pitfalls of economic logic
(3) Nature of benefits from the environment
(4) Economics for dealing with the environment
Lecturers
／講師
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Hidefumi Kurasaka
Professor, Graduate school of Social Sciences, Chiba University
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Attempts to Regain the Physical Foundation and Ecological Economics
Chapter 6 of the text book
Videos
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Attempt to regain physical foundation in economics
(1) Spaceship Earth
(2) Materials balance theory
(3) Entropy theory
(4) Steady-state economics
(5) Economic theory of living systems
(6) Social common capital theory -
Ecological economics
(1) Definition of ecological economics
(2) Seven forms of recognition common to ecological economics -
Issues in ecological economics
(1) Some Key Concepts in Ecological Economics
(2) Weakness in ecological economics
Lecturers
／講師
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Hidefumi Kurasaka
Professor, Graduate school of Social Sciences, Chiba University
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What Is Sustainability?
Chapter 7 of the text book
Videos
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Concept of sustainable development
(1) Background to the concept of “sustainable development”
(2) What is the Code of Conduct for “sustainable development”? -
What is the Sustainable Development Goals
(1) The concept of SDGs
(2) The 17 goals of SDGs
(3) The wedding cake diagram -
What are the lasting components of the world?
(1) Components of the world
(2) What are the sustained components of the world?
(3) What is meant by the issue of ensuring sustainability
Lecturers
／講師
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Hidefumi Kurasaka
Professor, Graduate school of Social Sciences, Chiba University
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Economic Theory of Sustainability: Basic Concepts
chapter 8 of the text book
Videos
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What is capital base?
(1) Economic theory of sustainability: An overview
(2) The word “capital” in economics
(3) What is capital base? -
What is capital base? -continued
(4) Types of capital base
(5) Capital base and “care work” -
What is throughput resource?
(1) Throughput resources and environmental load
(2) Renewable resources and exhaustive resources
(3) “Productive work” and environmental load
Lecturers
／講師
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Hidefumi Kurasaka
Professor, Graduate school of Social Sciences, Chiba University
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Theory of Production in the Economics of Sustainability
Chapter 9 section 1 of the text book
Videos
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Theoretically understanding the generation of waste
(1) How to express waste in traditional economic theory
(2) How to understand “waste“ as one of the products
(3) Two-step decision in the production process -
Theory of production that produces waste
(1) Determination of materials balance
(2) Determination of added value -
Theory of production that produces waste -continued
(3) Profit maximization conditions for production that produces waste
(4) Representation by two types of production functions
(5) Explaining the “win-win situation”
Lecturers
／講師
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Hidefumi Kurasaka
Professor, Graduate school of Social Sciences, Chiba University
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Theory of Consumption in the Economics of Sustainability
Chapter 9 section 2 of the text book
Videos
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Theory of consumption that produces waste
(1) Resource-saving labor in the consumption process
(2) Consumer decision-making -
Theory of consumption that produces waste -continued
(3) Impact on product purchasing behavior
(4) Difference from the theory of waste-free consumption
(5) Expression by utility function -
What can be explained by the theory of production and consumption that produces waste
(1) Rational of de-materialized society
(2) Economics of the Spaceship Earth and the theory of production and consumption that produces waste
Lecturers
／講師
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Hidefumi Kurasaka
Professor, Graduate school of Social Sciences, Chiba University
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Throughput Resource Management Theory
chapter 10 of the text book
Videos
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Price determination related to throughput resources
(1) Price that can be decided and price that cannot be decided in the market
(2) How to convey the judgment outside the market to the market
– Price adjustment and Quantity adjustment -
Price determination related to throughput resources -continued
(3) Price adjustment
(4) Quantity adjustment -
Ecological efficiency : What cannot be done by controlling the price of throughput resource
(1) Daly’s ecological efficiency
(2) Improved ecological efficiency
(3) Policy implications based on improved ecological efficiency
Lecturers
／講師
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Hidefumi Kurasaka
Professor, Graduate school of Social Sciences, Chiba University
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Capital Base Management Theory
chapter 11 of the text book
Videos
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Amount of capital bases that should exist
(1) Capability approach and number of capital bases
(2) Sustainable development goals (SDGs) from the perspective of the capability approach
(3) Amount of capital bases required by society -
Sustainability of the capital base and “care work“
(1) What is care work?
(2) “Care work” and capability approach -
Capital base management principles
(1) Simon Levin’s eight commandments for environmental management
(2) Principle of capital base maintenance
(3) Principle of creating and abolishing capital bases
(4) New economic indicators
Lecturers
／講師
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Hidefumi Kurasaka
Professor, Graduate school of Social Sciences, Chiba University
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Economic Theory of Sustainability and Current Policies
Closing chapter of the text book
Videos
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Summary of the economic theory of sustainability
(1) Summary of the capital base theory
(2) Sustainable Development Goals (SDGs) from the perspective of capital base theory -
Capital base theory and Current Policies
(1) Capital base theory and decarbonized society
(2) Capital base theory and the sharing economy
(3) Capital base and degrowth theories -
Capital basism vs market fundamentalism
(1) The illusion of “market fundamentalism”
(2) “Capital basism” that makes decisions outside the market based on scientific knowledge
(3) Policy making based on capital-basism
Lecturers
／講師
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Hidefumi Kurasaka
Professor, Graduate school of Social Sciences, Chiba University
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Urban Green Retreats: Cases from Thailand
Learn about Urban Green Retreats through cases from Thailand.
Videos
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Urban Green Retreats-Bangkok’s 15-Minute Pocket Parks : Part I
Learn about urbanization and the design of green spaces for healing city residents (Part 1, BKK)
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Urban Green Retreats-Bangkok’s 15-Minute Pocket Parks : Part II
Learn about urbanization and the design of green spaces for healing city residents (Part 2, BKK)
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Urban Green Retreats-Korat : Designing a City for All
Learn about urbanization and the design of green spaces for healing city residents (Part 3, Korat)
Lecturers
／講師
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Hikari Ishido
Professor, Graduate School of Global and Transdisciplinary Studies, Chiba University
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Business for Community and Environment: Case studies from Thailand
Learn about business for community and environment through cases in Thailand.
Videos
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Business for Community and Environment-Shade-Grown Organic Coffee
Learn about businesses that collaborate with communities and conserve natural resources.
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Business for Community and Environment-Social Enterprise for Community Part I
Learn about how they collaborate with highland communities. ( Part 1 )
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Business for Community and Environment-Social Enterprise for Community Part II
Learn about how they collaborate with highland communities. ( Part 2 )
Lecturers
／講師
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Hikari Ishido
Professor, Graduate School of Global and Transdisciplinary Studies, Chiba University
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Staff／スタッフ
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Hidefumi KurasakaChiba University Graduate school of Social SciencesProfessor -
Hikari IshidoChiba University Graduate School of Global and Transdisciplinary StudiesProfessor
Competency／コンピテンシー
Course Objectives
A systematic presentation of economic theory, consisting of capital base and through-put resources, and an explanation of its policy implications
Learning Outcomes
Recognizing the flaws in conventional economic theory and understanding the direction of new economic policy
