In this course we discuss the theory of economic growth, business cycles and the theory of money in relation to the ecological crisis.
The aim of this course is to understand what degrowth is from the perspective of Marxian political economy. Degrowth is an idea that has attracted much attention in recent years in relation to the ecological crisis.
1) Understand economic growth in relation to business cycles
2) Apply the theory of money to ecological crisis
3) Understand degrowth in relation to political economy
Economic Growth, Degrowth, Business Cycle, Crisis, Environment, Ecology
✔ Specialist skills | ✔ Intercultural skills | Communication skills | Critical thinking skills | Practical and/or problem-solving skills |
Lectures are delivered by using lecture slides. Questions and opinions are accepted by email at any time and will be shared in classes.
Course schedule | Required learning | |
---|---|---|
Class 1 | Introduction: Capitalism and economic growth | pp. 165-180 of Reference (1) |
Class 2 | Economic growth and crisis | pp. 253-270 of Reference (1) |
Class 3 | The necessity of ecological crisis | pp. 31-51 of Reference (2) |
Class 4 | Degrowth | pp. 277-296 of Reference (2) |
Class 5 | The modern commodity theory of money | pp. 21-77 of Reference (1) |
Class 6 | The ecological theory of money | Reference (3) |
Class 7 | Conclusion, term paper | Re-read all the above materials |
To enhance effective learning, students are encouraged to spend approximately 100 minutes preparing for class and another 100 minutes reviewing class content afterwards (including assignments) for each class.
They should do so by referring to textbooks and other course material.
No textbook is assigned.
1) Michiaki Obata, Principles of Political Economy, UT Press, 2009 (in Japanese)
2) Toshihiko Oka, Environmental Economics, Iwanami Shoten, 2006 (in Japanese)
3) Takashi Seo, "Suggestion from Ecological Theory of Money to Reconstruct "Credit Theory of Money"", The QUARTERLY JOURNAL OF ECONOMIC STUDIES (Osaka Metropolitan University), 41-1-4, 2023 (in Japanese)
Comments (30%), Term paper (70%)
High-level Japanese literacy
ehara.k.ac [at] m.titech.ac.jp