What is Participatory Economics

Participatory economics, often abbreviated Parecon, is an economic system based on participatory decision making as the primary economic mechanism for allocation in society. In the system, the say in decision-making is proportional to the impact on a person or group of people. Participatory economics is a form of a socialist decentralized planned economy involving the collective ownership of the means of production. It is a proposed alternative to contemporary capitalism and centralized planning. This economic model is primarily associated with political theorist Michael Albert and economist Robin Hahnel, who describes participatory economics as an anarchist economic vision.

How you will benefit

(I) Insights, and validations about the following topics:

Chapter 1: Participatory economics

Chapter 2: Planned economy

Chapter 3: Market economy

Chapter 4: Externality

Chapter 5: Index of economics articles

Chapter 6: Michael Albert

Chapter 7: Economic interventionism

Chapter 8: Economic system

Chapter 9: Robin Hahnel

Chapter 10: Anarchist economics

Chapter 11: Market abolitionism

Chapter 12: Post-capitalism

Chapter 13: Pat Devine

Chapter 14: David Schweickart

Chapter 15: Economic planning

Chapter 16: Mondragon Bookstore & Coffeehouse

Chapter 17: Labour voucher

Chapter 18: Facilitation board

Chapter 19: Economic democracy

Chapter 20: Socialist economics

Chapter 21: Socialist calculation debate

(II) Answering the public top questions about participatory economics.

(III) Real world examples for the usage of participatory economics in many fields.

Who this book is for

Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of participatory economics.