Library Catalog
Amazon cover image
Image from Amazon.com

The Political Economy of Participatory Economics / Michael Albert, Robin Hahnel.

By: Contributor(s): Material type: TextTextPublisher: Princeton, NJ : Princeton University Press, [2021]Copyright date: ©1991Description: 1 online resource (144 p.)Content type:
Media type:
Carrier type:
ISBN:
  • 9780691216003
Subject(s): DDC classification:
  • 658.3152 23
LOC classification:
  • HD5650 .A434 1991
Other classification:
  • online - DeGruyter
Online resources:
Contents:
Frontmatter -- Contents -- INTRODUCTION -- 1. TRADITIONAL ECONOMIES -- 2. PRODUCTION -- 3. CONSUMPTION -- 4. ALLOCATION -- 5. WELFARE -- 6. FEASIBILITY -- CONCLUSION
Summary: With the near bankruptcy of centrally planned economies now apparent and with capitalism seemingly incapable of generating egalitarian outcomes in the first world and economic development in the third world, alternative approaches to managing economic affairs are an urgent necessity. Until now, however, descriptions of alternatives have been unconvincing. Here Michael Albert and Robin Hahnel support the libertarian socialist tradition by presenting a rigorous, well-defined model of how producers and consumers could democratically plan their interconnected activities. After explaining why hierarchical production, inegalitarian consumption, central planning, and market allocations are incompatible with "classlessness," the authors present an alternative model of democratic workers' and consumers' councils operating in a decentralized, social planning procedure. They show how egalitarian consumption and job complexes in which all engage in conceptual as well as executionary labor can be efficient. They demonstrate the ability of their planning procedure to yield equitable and efficient outcomes even in the context of externalities and public goods and its power to stimulate rather than subvert participatory impulses. Also included is a discussion of information management and how simulation experiments can substantiate the feasibility of their model.
Holdings
Item type Current library Call number URL Status Notes Barcode
eBook eBook Biblioteca "Angelicum" Pont. Univ. S.Tommaso d'Aquino Nuvola online online - DeGruyter (Browse shelf(Opens below)) Online access Not for loan (Accesso limitato) Accesso per gli utenti autorizzati / Access for authorized users (dgr)9780691216003

Frontmatter -- Contents -- INTRODUCTION -- 1. TRADITIONAL ECONOMIES -- 2. PRODUCTION -- 3. CONSUMPTION -- 4. ALLOCATION -- 5. WELFARE -- 6. FEASIBILITY -- CONCLUSION

restricted access online access with authorization star

http://purl.org/coar/access_right/c_16ec

With the near bankruptcy of centrally planned economies now apparent and with capitalism seemingly incapable of generating egalitarian outcomes in the first world and economic development in the third world, alternative approaches to managing economic affairs are an urgent necessity. Until now, however, descriptions of alternatives have been unconvincing. Here Michael Albert and Robin Hahnel support the libertarian socialist tradition by presenting a rigorous, well-defined model of how producers and consumers could democratically plan their interconnected activities. After explaining why hierarchical production, inegalitarian consumption, central planning, and market allocations are incompatible with "classlessness," the authors present an alternative model of democratic workers' and consumers' councils operating in a decentralized, social planning procedure. They show how egalitarian consumption and job complexes in which all engage in conceptual as well as executionary labor can be efficient. They demonstrate the ability of their planning procedure to yield equitable and efficient outcomes even in the context of externalities and public goods and its power to stimulate rather than subvert participatory impulses. Also included is a discussion of information management and how simulation experiments can substantiate the feasibility of their model.

Mode of access: Internet via World Wide Web.

In English.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 30. Aug 2021)