Participatory Economics
In 1991, as the Soviet bloc crumbled and capitalism emerged triumphant Albert and Hahnel published "The Political Economy of Participatory Economics", a model of an economy based upon allocation by participatory democracy within an integrated framework of nested production and consumption councils that was proposed as an alternative to contemporary capitalism, centralized state socialism and market socialism. In ensuing years Hahnel and Albert fleshed out the gaps in their vision, discussed possible complementary political and cultural institutions, and replied to many of their critics.
Read more about this topic: Robin Hahnel
Other articles related to "participatory economics, economic, participatory":
... Participatory economics, often abbreviated parecon, is an economic system proposed by activist and political theorist Michael Albert and radical ... For Albert "participatory economics and participatory society provide a worthy, viable, and even necessary and potentially suficient anarchist ... centrally planned socialism, it is described as "an anarchistic economic vision", and it could be considered a form of socialism as under parecon, the means of production are owned ...
... Participatory economics would expect them to share in "disempowering work" and would not offer opportunities to seek additional compensation for their high ...
... Economic democracy is described as an integral component of an inclusive democracy, in Takis Fotopoulos' Towards An Inclusive Democracy as a stateless ... By contrast, participatory economics guarantees that basic needs are satisfied only for public goods or are covered by compassion and by a guaranteed basic income for ... Many advocates of participatory economics and Participism have contested this ...
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