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

• https://participatoryeconomy.org/comparison/

Resources

• https://participatoryeconomy.org/