Prices in a Participatory Economy

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08/02/23 • 37 min

PEP Talk: The Participatory Economy Podcast

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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Previous Episode

Marx and a Participatory Economy

Karl Marx is the most cited author in the world. But what would Marx think of our post-capitalist vision of a Participatory Economy? In this episode Robin and Mitchell look at what Marxism is and how Marx relates to a Participatory Economy, an economy where workers self-manage their workplaces and keep the fruits of their labour.

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Next Episode

Dissent on Mars: choose your economic system in this video game

PEP Talk host Mitchell interviews games designer Michael Hicks about his new game ‘Dissent on Mars’, where players can choose and experiment with the economic system they want for their colony on planet Mars. Players can choose between capitalism, central planning and democratic planning, which is based on and inspired by the Participatory Economy model.
Wishlist Now on Steam: https://store.steampowered.com/app/2138560/
Official Website: https://dissentonmars.com

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