PEP Talk: The Participatory Economy Podcast

Prices in a Participatory Economy

Participatory Economy Project Episode 16

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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