- Paperback: 144 pages
- Publisher: Princeton University Press (March 20, 1991)
- Language: English
- ISBN-10: 069100384X
- ISBN-13: 978-0691003849
- Product Dimensions: 6 x 0.4 x 9 inches
- Shipping Weight: 9.6 ounces (View shipping rates and policies)
- Average Customer Review: 3.8 out of 5 stars See all reviews (4 customer reviews)
- Amazon Best Sellers Rank: #1,195,453 in Books (See Top 100 in Books)
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The Political Economy of Participatory Economics
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Top Customer Reviews
boss domination, environmental havoc, dog-eat-dog
competition and other
ills of capitalism? "Well Soviet central
planning was tried and that failed," you say?
Hahnel and Albert argue that there is a third
alternative -- Participatory Economics or
ParEcon. (The other reviewer's description of
ParEcon is an inaccurate caricature.)
This book provides a concise introduction to
an economic model that is neither Soviet-style
central-planning nor based on the market. The
critique of both markets and central planning is
written clearly. At the same time, this book
contains formal proofs of the economic adequacy
of their model, and is therefore, in parts,
more technical than most of Albert and Hahnel's other
little books like "Moving Forward."
Then a friend told me about Parecon (abbreviation of participatory economics) and my life changed.
Finally, here is a viable alternative economic system! And it is described in explicit detail. It's not just a bunch of empty rhetoric about how we should have an economy based on equity, classlessness, non-hierarchy, participatory democracy, self-management, etc. It is a specific and detailed map of how such an economy can operate.
Unlike capitalism, parecon is equitable and non-exploitative. Unlike centrally-planned communism, parecon is democratically planned and non-hierarchal. (And as the reviewer "disidente" already mentioned, the reviewer "Gary" who gave this book one star is describing Parecon incorrectly.)
Parecon has many supporters amongst anarchists and libertarian-communists, because it is a vision for an economic system which embodies many of the ideals of anarchism and libertarian-communism - values such as those mentioned earlier: equity, classlessness, non-hierarchy, participatory democracy, and self-management. However, the Parecon is not officially affiliated with any particular political orientation. Even if you don't know what anarchism or libertarian-communism means you can still understand and appreciate Parecon on its own terms.
Parecon also has a political vision to accompany it, parpolity (abbreviation of participatory polity), conceived of by political science professor Stephen R.Read more ›