📚 node [[participatory economics]]

Participatory economics

Formulated by [[Michael Albert]] and [[Robin Hahnel]].

Basic principles

(summarised at beginning of [[Robin Hahnel on Parecon (Part 1)]])

  • self-governance through democratic councils of workers and consumers and their respective federations
  • jobs balanced for empowerment, desirability and caring labour
  • remuneration according to sacrifice or effort as judged by coworkers
  • economic coordination through a participatory planning procedure

Comparison with capitalism

Resources

📖 stoas
⥱ context