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Participatory economics

Participatory economics, often abbreviated parecon, is an economic system based on participatory decision making as the primary economic mechanism for allocation in society. In the system, the say in decision-making is proportional to the impact on a person or group of people. Participatory economics is a form of a socialist decentralized planned economy…

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Motivations (opposition to central planning and capitalism)

IncentivesFriedman'sA prioriCoasian bargainingPigovian taxes
20 related topics

Overview

Economic systemParticipatory decision makingEconomic mechanismAllocationSocialist
30 related topics

Criticism

Market socialistDavid SchweickartInefficiencySolidarityEgalitarian
9 related topics

Work and distribution

ExpendituresPublic goodsLeisure
3 related topics

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Overview

Work and distribution

Allocation of resource

Motivations (opposition to central planning and capitalism)

Criticism

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Participatory economics

Nodes71
Edges70
Triples66
Avg. degree1.97
Density0.028169
Components1

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Participatory economics

Top relations

related to Further reading · 43
Participatory economics → AK Press, Albert, Century, Chris Spannos, David Hales, Delft University, Democracy, Economic Justice And Democracy, Economics, Ed, From Competition To Cooperation, Hahnel, Henk Sips, Inclusive Democracy, Inclusive DemocracyRameez Rahman, Issue, Johan Pouwelse, Life After Capitalism, Life Beyond Capitalism, Looking Forward
related to Planning · 8
Participatory economics → According, Albert, Critics, Hahnel, However, Participatory, Proponents, Takis Fotopoulos
related to Compensation for effort and sacrifice (principle for distribution) · 6
Participatory economics → Additionally, Albert, From, Hahnel, The, Therefore
related to Criticism · 4
Participatory economics → David Schweickart, Other, Schweickart, The
is a · 1
Participatory economics → form of a socialist decentralized planned economy involving the collective ownership of the means of production

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Important terminology

participatory hahnel albert economics parecon economic capitalism planning would economy market system workers based job effort markets social use taxes

Entity relationships Subject–Predicate–Object triples

SubjectPredicateObjectConfidenceSrc
Participatory economicsis aform of a socialist decentralized planned economy involving the collective ownership of the means of production0.90text
the issuance of marketable permitsinstance ofover alternatives0.80text
social security taxes.Hahnel is also critical of the mainstream assumption that externalities are anomalous andinstance ofrecommends that pollution taxes be linked to cuts in regressive taxes0.80text
on the wholeinstance ofrecommends that pollution taxes be linked to cuts in regressive taxes0.80text
insignificant to market efficiencyinstance ofrecommends that pollution taxes be linked to cuts in regressive taxes0.80text
Participatory economicsrelated to Compensation for effort and sacrifice (principle for distribution)Albert0.60section
Participatory economicsrelated to Compensation for effort and sacrifice (principle for distribution)Hahnel0.60section
Participatory economicsrelated to Compensation for effort and sacrifice (principle for distribution)Therefore0.60section
Participatory economicsrelated to Compensation for effort and sacrifice (principle for distribution)Additionally0.60section
Participatory economicsrelated to Compensation for effort and sacrifice (principle for distribution)The0.60section
Participatory economicsrelated to Compensation for effort and sacrifice (principle for distribution)From0.60section
Participatory economicsrelated to CriticismThe0.60section

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