The Participatory Economics Project

Participatory Economics (parecon for short) is a type of economy proposed as an alternative to contemporary capitalism. The underlying values parecon seeks to implement are equity, solidarity, diversity, and participatory self management. The main institutions are workers and consumers councils utilizing self managed decision making, balanced job complexes, remuneration according to duration, intensity, and onerousness of socially valued labor, and participatory planning. The parecon vision is spelled out in numerous books such as Michael Albert’s ParEcon: Life After Capitalism. To explore the site, click on any of the menu links to the left. There you will also find material in diverse languages. If this is your first time visiting, be sure to check out our Introductory Materials.