Prices in a Participatory Economy

August 2, 2023

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?

About PEP Talk

PEP Talk: The Participatory Economy Podcast is a podcast where we discuss the democratic alternative to capitalism known as a Participatory Economy, featuring co-creator of the model and economist professor Robin Hahnel. He is joined by host of the show Mitchell Szczepanczyk and regular guest Antti Jauhiainen.

Where to listen to PEP Talk

Whatch on YouTube

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Start the discussion at forum.participatoryeconomy.org