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A Participatory Economy by Robin Hahnel (English) Paperback Book
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Product Identifiers
Publisher
A + K Press Distribution
ISBN-10
1849354847
ISBN-13
9781849354844
eBay Product ID (ePID)
19057288897
Product Key Features
Book Title
Participatory Economy
Number of Pages
304 Pages
Language
English
Publication Year
2022
Topic
Social Classes & Economic Disparity, Public Policy / Economic Policy, Labor, Economics / Theory
Genre
Political Science, Social Science, Business & Economics
Format
Trade Paperback
Dimensions
Item Height
0.8 in
Item Weight
11.6 Oz
Item Length
5.2 in
Item Width
8 in
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A
Reviews
"'What comes next then?' This is likely one of the most common questions opponents of capitalism are asked when we critique the brutal and exploitative features of our economy. Hahnel has been developing a wide-ranging response to that very question for decades and in A Participatory Economy, he expertly advocates for an alternative to capitalism that rejects both the competitive and dehumanizing features of markets and the authoritarian, bureaucratic forms that are part and parcel of central planning. A recommended read for any student of political economy and necessary for organizers who want to understand one of the most popularized alternatives to capitalism outlined to date." -- Deric Shannon, co-editor of The Accumulation of Freedom and editor of The End of the World as We Know It, "'What comes next then?' This is likely one of the most common questions opponents of capitalism are asked when we critique the brutal and exploitative features of our economy. Hahnel has been developing a wide-ranging response to that very question for decades and in A Participatory Economy, he expertly advocates for an alternative to capitalism that rejects both the competitive and dehumanizing features of markets and the authoritarian, bureaucratic forms that are part and parcel of central planning. A recommended read for any student of political economy and necessary for organizers who want to understand one of the most popularized alternatives to capitalism outlined to date." --Deric Shannon, co-editor of The Accumulation of Freedom (AK Press, 2012) and editor of The End of the World as We Know It (AK Press, 2014), "A key contribution to the on-going debate on democratic and participatory socialism. A must-read!" -- Thomas Piketty, author of Capital in the Twenty-First Century "Tired of having your life determined by a handful of gazillionaires, but afraid there is no alternative except an economic dictatorship? In A Participatory Economy , Robin Hahnel shows in concrete detail--and without economic jargon--how ordinary people can run an economy to meet their own needs through worker and consumer councils and federations. Of course many economists question that this is even possible but Hahnel provides powerful answers to rebut their denials. A Participatory Economy provides a provocative 'thought experiment' demonstrating that there is indeed an alternative to both neoliberal capitalism and economic despotism." -- Jeremy Brecher, author of Strike! "'What comes next then?' This is likely one of the most common questions opponents of capitalism are asked when we critique the brutal and exploitative features of our economy. Hahnel has been developing a wide-ranging response to that very question for decades and in A Participatory Economy, he expertly advocates for an alternative to capitalism that rejects both the competitive and dehumanizing features of markets and the authoritarian, bureaucratic forms that are part and parcel of central planning. A recommended read for any student of political economy and necessary for organizers who want to understand one of the most popularized alternatives to capitalism outlined to date." -- Deric Shannon, co-editor of The Accumulation of Freedom and editor of The End of the World as We Know It "I found Robin Hahnel's work on participatory economics as a young activist. I was mad at the world and committed to changing it, but ultimately hopeless about our chances of winning and confused about what winning might look like. Participatory economics gave me an opportunity to think about that future, to really imagine it, and to fight for it more effectively. This book is a brilliant distillation of those concepts, and a must-have resource for people looking to reshape this world into one in which we can truly thrive." -- Yotam Marom, facilitator and former leader in Occupy Wall Street "Today's labor movement is in crisis. Many unions have not only abandoned the struggle to challenge the rule of capital, but also the responsibility to imagine the features of a new world. To break free of this impasse, we need to advance a socialist vision that puts humanity on the road to a classless society. In A Participatory Economy, Robin Hahnel advances a vision in which the means of social production and reproduction are held in common, human needs are met, our ecosystem is protected for present and future generations, and economic activity is planned and coordinated democratically by councils of workers and our communities. If you're curious what a better world beyond capitalism might look like, read this book!" -- Pádraig Connolly, Virginia Caucus of Rank-and-file Educators and CounterPower, "'What comes next then?' This is likely one of the most common questions opponents of capitalism are asked when we critique the brutal and exploitative features of our economy. Hahnel has been developing a wide-ranging response to that very question for decades and in A Participatory Economy, he expertly advocates for an alternative to capitalism that rejects both the competitive and dehumanizing features of markets and the authoritarian, bureaucratic forms that are part and parcel of central planning. A recommended read for any student of political economy and necessary for organizers who want to understand one of the most popularized alternatives to capitalism outlined to date." -- Deric Shannon, co-editor of The Accumulation of Freedom (AK Press, 2012) and editor of The End of the World as We Know It (AK Press, 2014), "A key contribution to the on-going debate on democratic and participatory socialism. A must-read!" -- Thomas Piketty, author of Capital in the Twenty-First Century "'What comes next then?' This is likely one of the most common questions opponents of capitalism are asked when we critique the brutal and exploitative features of our economy. Hahnel has been developing a wide-ranging response to that very question for decades and in A Participatory Economy, he expertly advocates for an alternative to capitalism that rejects both the competitive and dehumanizing features of markets and the authoritarian, bureaucratic forms that are part and parcel of central planning. A recommended read for any student of political economy and necessary for organizers who want to understand one of the most popularized alternatives to capitalism outlined to date." -- Deric Shannon, co-editor of The Accumulation of Freedom and editor of The End of the World as We Know It, "A key contribution to the on-going debate on democratic and participatory socialism. A must-read!" -- Thomas Piketty, author of Capital in the Twenty-First Century "Tired of having your life determined by a handful of gazillionaires, but afraid there is no alternative except an economic dictatorship? In A Participatory Economy , Robin Hahnel shows in concrete detail--and without economic jargon--how ordinary people can run an economy to meet their own needs through worker and consumer councils and federations. Of course many economists question that this is even possible but Hahnel provides powerful answers to rebut their denials. A Participatory Economy provides a provocative 'thought experiment' demonstrating that there is indeed an alternative to both neoliberal capitalism and economic despotism." --Jeremy Brecher, author of Strike! "'What comes next then?' This is likely one of the most common questions opponents of capitalism are asked when we critique the brutal and exploitative features of our economy. Hahnel has been developing a wide-ranging response to that very question for decades and in A Participatory Economy, he expertly advocates for an alternative to capitalism that rejects both the competitive and dehumanizing features of markets and the authoritarian, bureaucratic forms that are part and parcel of central planning. A recommended read for any student of political economy and necessary for organizers who want to understand one of the most popularized alternatives to capitalism outlined to date." -- Deric Shannon, co-editor of The Accumulation of Freedom and editor of The End of the World as We Know It
Table Of Content
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
Synopsis
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 resorting 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.
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