Participatory Economics
In 1991, as the Soviet bloc crumbled and capitalism emerged triumphant Albert and Hahnel published "The Political Economy of Participatory Economics", a model of an economy based upon allocation by participatory democracy within an integrated framework of nested production and consumption councils that was proposed as an alternative to contemporary capitalism, centralized state socialism and market socialism. In ensuing years Hahnel and Albert fleshed out the gaps in their vision, discussed possible complementary political and cultural institutions, and replied to many of their critics.
Read more about this topic: Robin Hahnel
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