With the near bankruptcy of centrally planned economies now
apparent and with capitalism seemingly incapable of generating
egalitarian outcomes in the first world and economic development in
the third world, alternative approaches to managing economic
affairs are an urgent necessity. Until now, however, descriptions
of alternatives have been unconvincing. Here Michael Albert and
Robin Hahnel support the libertarian socialist tradition by
presenting a rigorous, well-defined model of how producers and
consumers could democratically plan their interconnected
activities.
After explaining why hierarchical production, inegalitarian
consumption, central planning, and market allocations are
incompatible with "classlessness," the authors present an
alternative model of democratic workers' and consumers' councils
operating in a decentralized, social planning procedure. They show
how egalitarian consumption and job complexes in which all engage
in conceptual as well as executionary labor can be efficient. They
demonstrate the ability of their planning procedure to yield
equitable and efficient outcomes even in the context of
externalities and public goods and its power to stimulate rather
than subvert participatory impulses. Also included is a discussion
of information management and how simulation experiments can
substantiate the feasibility of their model.
General
Imprint: |
Princeton University Press
|
Country of origin: |
United States |
Release date: |
April 1991 |
First published: |
April 1991 |
Authors: |
Michael Albert
• Robin Hahnel
|
Dimensions: |
229 x 152 x 12mm (L x W x T) |
Format: |
Paperback - Trade
|
Pages: |
144 |
ISBN-13: |
978-0-691-00384-9 |
Categories: |
Books >
Business & Economics >
Economics >
General
|
LSN: |
0-691-00384-X |
Barcode: |
9780691003849 |
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