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The Resource The political economy of participatory economics, Michael Albert, Robin Hahnel

The political economy of participatory economics, Michael Albert, Robin Hahnel

Creator
Contributor
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. -- Back cover
Language
eng
Work
Publication
Extent
132 pages
Contents
  • Hierarchical Production
  • Consumption Institutions
  • The Logic of Power
  • Production
  • Workers' Councils
  • Work Organization
  • Balanced Job Complexes
  • Balancing Across Workplaces
  • Balance in Practice
  • Participation Versus Efficiency
  • Traditional Economies
  • Equity Versus Efficiency
  • Information and Incentives
  • Choice of Technology
  • Diversity
  • Consumption
  • Consumption Councils
  • Incentive Compatibility
  • Equity
  • Equity, Incentives, and Efficiency
  • Endogenous Preferences
  • Valuative Criteria
  • Allocation
  • Participatory Information and Communication
  • First Communicative Tool: Prices
  • Second Communicative Tool: Measures of Work
  • Third Communicative Tool: Qualitative Activity
  • Allocation Organization
  • Participatory Planning
  • A Typical Planning Process
  • Welfare
  • Preliminary Insights
  • Welfare Theorems with Endogenous Preferences
  • Differences Between PE and FMPE
  • Summary of Differences
  • Modeling Consumption
  • Differences from Participatory Consumption
  • Modeling Production
  • Constraints
  • Different Productive Endowments
  • Workers' Councils
  • Differences from Participatory Production
  • Formal Summary of Councils' Goals
  • Allocation Institutions
  • Allocation
  • Formal Models Versus Reality
  • Ideal Markets Versus Reality
  • Ideal Central Planning Versus Reality
  • FMPE Versus PE
  • Feasibility
  • Tracking a Participatory Economy
  • Markets
  • Central Planning
  • Production and Consumption
  • Private Ownership
Isbn
9780691042749
Instance
Label
The political economy of participatory economics
Title
The political economy of participatory economics
Statement of responsibility
Michael Albert, Robin Hahnel
Creator
Contributor
Subject
Language
eng
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. -- Back cover
Related
Cataloging source
DLC
http://library.link/vocab/creatorDate
1947-
http://library.link/vocab/creatorName
Albert, Michael
Index
no index present
LC call number
  • HB171
  • HX73 .A425
LC item number
.A42 1991
Literary form
non fiction
http://library.link/vocab/relatedWorkOrContributorName
Hahnel, Robin
http://library.link/vocab/subjectName
  • Economics
  • Welfare economics
  • Comparative economics
  • Distributive justice
  • Industrial management
  • Mitbestimmung
  • Économie politique
  • Économie du bien-être
  • Économie politique comparée
  • Justice distributive
  • Gestion d'entreprise
  • Comparative economics
  • Distributive justice
  • Economics
  • Industrial management
  • Welfare economics
  • Économie politique
  • Économie du bien-être.
  • Personnel
  • Economie du bien-être
  • Justice distributive
  • Wirtschaftssystem
  • Verteilung (Volkswirtschaft)
  • Soziale Gerechtigkeit
  • Wirtschaftsplanung
  • Partizipation
  • Szenario
  • Gleichheit
Label
The political economy of participatory economics, Michael Albert, Robin Hahnel
Instantiates
Publication
Bibliography note
Includes bibliographical references
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • Hierarchical Production
  • Consumption Institutions
  • The Logic of Power
  • Production
  • Workers' Councils
  • Work Organization
  • Balanced Job Complexes
  • Balancing Across Workplaces
  • Balance in Practice
  • Participation Versus Efficiency
  • Traditional Economies
  • Equity Versus Efficiency
  • Information and Incentives
  • Choice of Technology
  • Diversity
  • Consumption
  • Consumption Councils
  • Incentive Compatibility
  • Equity
  • Equity, Incentives, and Efficiency
  • Endogenous Preferences
  • Valuative Criteria
  • Allocation
  • Participatory Information and Communication
  • First Communicative Tool: Prices
  • Second Communicative Tool: Measures of Work
  • Third Communicative Tool: Qualitative Activity
  • Allocation Organization
  • Participatory Planning
  • A Typical Planning Process
  • Welfare
  • Preliminary Insights
  • Welfare Theorems with Endogenous Preferences
  • Differences Between PE and FMPE
  • Summary of Differences
  • Modeling Consumption
  • Differences from Participatory Consumption
  • Modeling Production
  • Constraints
  • Different Productive Endowments
  • Workers' Councils
  • Differences from Participatory Production
  • Formal Summary of Councils' Goals
  • Allocation Institutions
  • Allocation
  • Formal Models Versus Reality
  • Ideal Markets Versus Reality
  • Ideal Central Planning Versus Reality
  • FMPE Versus PE
  • Feasibility
  • Tracking a Participatory Economy
  • Markets
  • Central Planning
  • Production and Consumption
  • Private Ownership
Dimensions
25 cm
Extent
132 pages
Isbn
9780691042749
Isbn Type
(alk. paper)
Lccn
90023193
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Other control number
ZBWT00346517
System control number
  • (OCoLC)22766907
  • (OCoLC)ocm22766907
Label
The political economy of participatory economics, Michael Albert, Robin Hahnel
Publication
Bibliography note
Includes bibliographical references
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • Hierarchical Production
  • Consumption Institutions
  • The Logic of Power
  • Production
  • Workers' Councils
  • Work Organization
  • Balanced Job Complexes
  • Balancing Across Workplaces
  • Balance in Practice
  • Participation Versus Efficiency
  • Traditional Economies
  • Equity Versus Efficiency
  • Information and Incentives
  • Choice of Technology
  • Diversity
  • Consumption
  • Consumption Councils
  • Incentive Compatibility
  • Equity
  • Equity, Incentives, and Efficiency
  • Endogenous Preferences
  • Valuative Criteria
  • Allocation
  • Participatory Information and Communication
  • First Communicative Tool: Prices
  • Second Communicative Tool: Measures of Work
  • Third Communicative Tool: Qualitative Activity
  • Allocation Organization
  • Participatory Planning
  • A Typical Planning Process
  • Welfare
  • Preliminary Insights
  • Welfare Theorems with Endogenous Preferences
  • Differences Between PE and FMPE
  • Summary of Differences
  • Modeling Consumption
  • Differences from Participatory Consumption
  • Modeling Production
  • Constraints
  • Different Productive Endowments
  • Workers' Councils
  • Differences from Participatory Production
  • Formal Summary of Councils' Goals
  • Allocation Institutions
  • Allocation
  • Formal Models Versus Reality
  • Ideal Markets Versus Reality
  • Ideal Central Planning Versus Reality
  • FMPE Versus PE
  • Feasibility
  • Tracking a Participatory Economy
  • Markets
  • Central Planning
  • Production and Consumption
  • Private Ownership
Dimensions
25 cm
Extent
132 pages
Isbn
9780691042749
Isbn Type
(alk. paper)
Lccn
90023193
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Other control number
ZBWT00346517
System control number
  • (OCoLC)22766907
  • (OCoLC)ocm22766907

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