As of June 2021, 54% of Gen Z adults view capitalism negatively and over 41% have a positive view on socialism. A Participatory Economy is written for people who desire an equitable, ecological economy, but want to know what an alternative to capitalism could look like.
A Participatory Economy presents a fascinating, new alternative to capitalism. It proposes and defends concrete answers to how all society’s economic decisions can be made without resort to unaccountable and inhumane markets (capitalism) or central planning authorities (communism). It explains the viability of early socialism’s vision of an economy in which the workers come together to decide among themselves what to produce and consume. At the same time, Hahnel proposes new features to this economic model including proposing how “reproductive labor” might be socially organized, how to plan investment and long-term development to maximize popular participation and efficiency, and finally, how a participatory economy might engage in international trade and investment without violating its fundamental principles in a world where economic development among nations has been historically unfair and unequal.
表中的内容
Introduction
Origins of Participatory Economics
A Participatory Economy in Brief
Chapter 1: Clarifying Goals
Economic Democracy
Economic Justice
Efficiency
Environmental Sustainability
Solidarity
Variety
Chapter 2: Why Bother Building “Castles in the Air?”
Why We Cannot Wait to Spell Out Our Alternative
Why No Private Enterprise
Private Enterprise Is Incompatible with Worker Self-Management
Private Enterprise Is Incompatible with Economic Justice
Why Not a Mixed Economy
Why No Markets
Markets Are Inefficient
Externalities are pervasive
Markets are often not competitive
Markets often fail to equilibrate
Practical problems with policy correctives
Labor Markets Are Unfair
Markets Subvert Democracy
Markets Undermine the Ties that Bind Us
Conclusion
Why Social Democracy is Unstable
Answering “Auntie TINA”
Early Socialists Had It Right
Chapter 3: Major Institutions
Social Ownership
Indigenous Cultures and the Commons
Socialism and the “Means of Production”
A Productive Commons for Modern Times
What Is Mine?
Democratic Councils and Federations
Worker Councils
Neighborhood Consumer Councils
Federations
Participatory Planning: Basics
The Challenge
The Annual Procedure in Brief
Reconciling Democracy and Autonomy
Dispelling Common Confusions
The Size 6 Purple High Heeled Shoe with a Yellow Toe Problem
Post-Plan Adjustments
Chapter 4: Work and Income
Work Will Not Disappear
Jobs Should be “Balanced”
Compensation Based on Effort and Sacrifice
Fairness, Trust, and Solidarity
Measuring Effort and Sacrifice
A Market for Labor?
Accounting for Need
Allowances
Special Needs
Saving and Borrowing
Are Equity and Efficiency at Odds?
Motivational Efficiency
Allocative Efficiency
Dynamic Efficiency
Chapter 5: Participatory Annual Planning
Who Says No?
What Is Known When Annual Planning Begins
Public Goods: Evening the Playing Field
Externalities: Taken Seriously!
A Pollution Demand Revealing Mechanism
Conclusion
Efficiency in Theory: Comparing Assumptions
Efficiency in Practice: Evidence from Computer Simulation Experiments
What Participatory Planning is Not
Chapter 6: Reproductive Labor
What is Reproductive Labor?
Education and Healthcare
Public vs. Private Choice
Reproductive Labor in the Economy
Women’s Caucuses
Balance Jobs for Caring Labor
Anti-Discrimination Legislation
Affirmative Action
Reproductive Labor in Households
In-home Domestic Labor
In-home Caring Labor
In-home Socialization Labor
Conclusion
Chapter 7: Participatory Investment Planning
The Practical Necessity of Multiple Plans
An Optimal Aggregate Investment Plan
Missing Information
Missing People
Participatory Investment Planning
A Generational Equity Constraint
Who Should Participate, and How?
Integrating Investment and Annual Planning
Making a Comprehensive Investment Plan
Chapter 8: Participatory Long-run Development Planning
Participatory Education Planning
What Education Planning Decides
“Producing” Education
Benefits of Education
Investing the Efficient Amount in Education
Participants
Education Planning Proposal
Participatory Environmental Planning
Unique Features of Environmental Planning
What Environmental Planning Decides
Investing the Efficient Amount to Protect the Environment
Participants
Environmental Planning Proposal
Participatory Infrastructure Planning
Chapter 9: International Economic Relations
International Context
Goals
Issues to Keep in Mind
Three Rules to Guide Trade Policy
Evaluating Comparative Advantages
Trade During Annual Planning
International Financial Investment
What Strategic International Economic Planning Decides
An Efficient Transformation of Comparative Advantages
Participants in Strategic International Economic Planning
Does Size Matter?
Conclusion
Conclusion
The Socialist Calculation Debate a Century Later
Reconciling Democracy and Autonomy
Opportunity Costs, Social Costs, and Social Rates of Return
Integrating Long-Run and Short-Run Plans
A Bridge Too Far?
Recommended Readings and Resources
关于作者
Robin Hahnel is a life-long radical activist and economist whose work emphasizes environmental sustainability. Hahnel is best known for his work on alternatives to capitalism and as co-creator of the most famous and detailed model for a democratic and participatory approach to economics. He is now retired from American University where he taught economics. He lives in Portland, OR.
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