'What do you want?' is a constant query put to economic and globalization activists decrying current poverty, alienation and degradation. In this highly praised new work, destined to attract worldwide attention and support, Michael Albert provides an answer: Participatory Economics, 'Parecon' for short, a new economy, an alternative to capitalism, built on familiar values including solidarity, equity, diversity and people democratically controlling their own lives, but utilizing original institutions fully described and defended in the book.

A grassroots movement for economic democracy based on cooperatives and local economies is quickly growing throughout the planet. After Capitalism, inspired by P.R. Sarkar's Progressive Utilization Theory (Prout), offers a compelling vision of an equitable, sustainable model which economically empowers individuals and communities. Filled with successful examples from six continents as well as many resources, activities and tools for activists, After Capitalism will fill you with hope and the conviction that a new, democratic economy is indeed possible. Includes a conversation with Noam Chomsky and contributions by Frei Betto, Johan Galtung, Leonardo Boff, Sohail Inayatullah, Marcos Arruda, Ravi Batra and others. "An ambitious and stimulating attempt to connect spiritual principles with the pragmatic work of building a better world." - Gar Alperovitz, author of America Beyond Capitalism "A broad ecological, social, political, and spiritual awareness informs this vision of a new economic future. Its vivid real-world examples and clear, accessible language demonstrate that a more beautiful world is within our grasp." - Charles Eisenstein, author of Sacred Economics "With grace and intelligence, Dada Maheshvarananda illuminates paths of personal enlightenment and global transformation. In an epoch when global capitalism ravages our planet and destroys communities, his perspective is a refreshing account of cooperative forms of life that provide alternatives to a world of greed and injustice." - George Katsiaficas, activist and author of Asia's Unknown Uprisings

How work can be organized efficiently and productively without hierarchy; how consumption could be fulfilling and also equitable; and how participatory is planning could promote solidarity and foster self-management.

As of June 2021, 54% of Gen Z adults view capitalism negatively and over 41% have a positive view on socialism. A Participatory Economy is written for people who desire an equitable, ecological economy, but want to know what an alternative to capitalism could look like. A Participatory Economy presents a fascinating, new alternative to capitalism. It proposes and defends concrete answers to how all society's economic decisions can be made without resort to unaccountable and inhumane markets (capitalism) or central planning authorities (communism). It explains the viability of early socialism's vision of an economy in which the workers come together to decide among themselves what to produce and consume. At the same time, Hahnel proposes new features to this economic model including proposing how “reproductive labor” might be socially organized, how to plan investment and long-term development to maximize popular participation and efficiency, and finally, how a participatory economy might engage in international trade and investment without violating its fundamental principles in a world where economic development among nations has been historically unfair and unequal.

Unless the economy is of the people and by the people it will never be for the people. This book is for people who want to know what a desirable alternative to capitalism might look like. It is for people who want more than rosy rhetoric and Pollyannaish descriptions of people working in harmony. It is for people want to dig into what economic justice and economic democracy mean. It is a book for optimists-who believe the human species must be capable of something better than succumbing to competition and greed or authoritarianism, and would like to know how we can do it. It is also a book for skeptics-who demand to be shown, explicitly and concretely, how a modern economy can dispense with markets and authoritarian planning, and how hundreds of millions of people can manage their own division of labor efficiently and equitably.

With the near bankruptcy of centrally planned economies now apparent and with capitalism seemingly incapable of generating egalitarian outcomes in the first world and economic development in the third world, alternative approaches to managing economic affairs are an urgent necessity. Until now, however, descriptions of alternatives have been unconvincing. Here Michael Albert and Robin Hahnel support the libertarian socialist tradition by presenting a rigorous, well-defined model of how producers and consumers could democratically plan their interconnected activities. After explaining why hierarchical production, inegalitarian consumption, central planning, and market allocations are incompatible with "classlessness," the authors present an alternative model of democratic workers' and consumers' councils operating in a decentralized, social planning procedure. They show how egalitarian consumption and job complexes in which all engage in conceptual as well as executionary labor can be efficient. They demonstrate the ability of their planning procedure to yield equitable and efficient outcomes even in the context of externalities and public goods and its power to stimulate rather than subvert participatory impulses. Also included is a discussion of information management and how simulation experiments can substantiate the feasibility of their model.

Someone once said that it is easier to imagine the end of the world than to imagine the end of capitalism. Michael Albert would disagree. Realizing Hope offers a speculative vision of a future beyond capitalism - an alternative to the exploitation of human labour, the unchecked destruction of the earth, and the oppression of all for the benefit of the few. Participatory economics - parecon for short - is Albert’s concrete proposal for a classless economy, developed from anarchist principles first introduced by Kropotkin, Bakunin, Pannekoek and others. In this classic text, Albert takes the insights and hopes of parecon and enlarges them to address all key aspects of social life and society - gender, culture, politics, science, technology, journalism, ecology, and others. Realizing Hope provides vision to help us all together conceive a world that might be just over the horizon, a world we can begin building today.

In Economic Justice and Democracy, Robin Hahnel puts aside most economic theories from the left and the right (from central planning to unbridled corporate enterprise) as undemocratic, and instead outlines a plan for restructuring the relationship between markets and governments according to effects, rather than contributions. This idea is simple, provocative, and turns most arguments on their heads: those most affected by a decision get to make it. It's uncomplicated, unquestionably American in its freedom-reinforcement, and essentially what anti-globalization protestors are asking for. Companies would be more accountable to their consumers, polluters to nearby homeowners, would-be factory closers to factory town inhabitants. Sometimes what's good for General Motors is bad for America, which is why we have regulations in the first place. Though participatory economics, as Robert Heilbronner termed has been discussed more outside America than in it, Hahnel has followed discussions elsewhere and also presents many of the arguments for and against this system and ways to put it in place.

Democratic Economic Planning presents a concrete proposal for how to organize, carry out, and integrate comprehensive annual economic planning, investment planning, and long-run development planning so as to maximize popular participation, distribute the burdens and benefits of economic activity fairly, achieve environmental sustainability, and use scarce productive resources efficiently. The participatory planning procedures proposed provide workers in self-managed councils and consumers in neighbourhood councils with autonomy over their own activities while ensuring that they use scarce productive resources in socially responsible ways without subjecting them to competitive market forces. Certain mathematical and economic skills are required to fully understand and evaluate the planning procedures discussed and evaluated in technical sections in a number of chapters. These sections are necessary to advance the theory of democratic planning, and should be of primary interest to readers who have those skills. However, the book is written so that the main argument can be followed without fully digesting the more technical sections. Democratic Economic Planning is written for dreamers who are disenamored with the economics of competition and greed want to know how a system of equitable cooperation can be organized; and also for sceptics who demand "hard proof" that an economy without markets and private enterprise is possible.

Don’t Mourn, Balkanize! is the first book written from the radical left perspective on the topic of Yugoslav space after the dismantling of the country. In this collection of essays, commentaries, and interviews, written between 2002 and 2010, Andrej Grubačić speaks about the politics of balkanization—about the trial of Slobodan Milosevic, the assassination of Prime Minister Zoran Djindjic, neoliberal structural adjustment, humanitarian intervention, supervised independence of Kosovo, occupation of Bosnia, and other episodes of Power which he situates in the long historical context of colonialism, conquest, and intervention. But he also tells the story of the balkanization of politics, of the Balkans seen from below. A space of bogumils—those medieval heretics who fought against Crusades and churches—and a place of anti-Ottoman resistance; a home to hajduks and klefti, pirates and rebels; a refuge of feminists and socialists, of antifascists and partisans; of new social movements of occupied and recovered factories; a place of dreamers of all sorts struggling both against provincial “peninsularity” as well as against occupations, foreign interventions and that process which is now, in a strange inversion of history, often described by that fashionable term, “balkanization.” For Grubačić, political activist and radical sociologist, Yugoslavia was never just a country—it was an idea. Like the Balkans itself, it was a project of inter-ethnic co-existence, a trans-ethnic and pluricultural space of many diverse worlds. Political ideas of inter-ethnic cooperation and mutual aid as we had known them in Yugoslavia were destroyed by the beginning of the 1990s—disappeared in the combined madness of ethno-nationalist hysteria and humanitarian imperialism. This remarkable collection chronicles political experiences of the author who is himself a Yugoslav, a man without a country; but also, as an anarchist, a man without a state. This book is an important reading for those on the Left who are struggling to understand the intertwined legacy of inter-ethnic conflict and inter-ethnic solidarity in contemporary, post-Yugoslav history.