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