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Participatory Economics Project
A complete tutorial...
Participatory economics (or parecon for short) is the name of a type of economy proposed as a desirable alternative to contemporary capitalism. The "authors" of this vision are Michael Albert and Robin Hahnel. The underlying values the vision seeks to implement are: equity, solidarity, diversity, and participatory self management. The main institutional vehicles to attain these ends are council democracy, balanced job complexes, remuneration according to effort and sacrifice, and participatory planning.
-- Scott (firstname.lastname@example.org), May 09, 2000