Posts tagged participatory economics

“Parecon: life after capitalism” by Michael Albert

This is not the most interesting book I have read lately, but it is one of the most important. It deals with the topics so often left vague in left-wing literature: the nitty-gritty of how a non-capitalist economy would actually allocate goods and services, balance supply and demand, avoid gluts or shortages, invest in infrastructure, reward work, manage workplaces, etc. Essentially trying to create a non-capitalist economic theory. I have to admit that it was a struggle to keep reading sometimes. The talk of iterative planning, facilitation boards, nested councils,… Read More