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PEP Talk: The Participatory Economy Podcast

What would an alternative to capitalism actually look like? A Participatory Economy (also known as Parecon) is a model for a new democratic, fair and green economic system based on democratic planning of the productive commons by self-managing workplaces and neighbourhoods. It describes how a modern economy of millions of people can be organised around solidarity and cooperation instead of competition and greed. In this podcast, co-creator and economist, Robin Hahnel, is joined by fellow advocates Mitchell Szczepanczyk and Antti Jauhiainen to discuss questions and topics relating to a Participatory Economy, post-capitalism and how we can get there. Website: ParticipatoryEconomy.org

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PEP Talk: The Participatory Economy Podcast

Prices in a Participatory Economy

August 02, 2023 • Participatory Economy Project • Episode 16

0:00 | 37:07

Why do we need prices in an economy and how are they generated differently in a Participatory Economy compared to a Capitalist Economy?

This episode of PEP Talk is all about prices. What are “indicative prices'' in the annual participatory planning procedure? What are opportunity costs, social costs and “externalities”? What’s the problem with prices generated in capitalist economies and how are they more accurate in a Participatory Economy?

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