Robin Hahnel Book order

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 resorting 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.

Focusing on comprehensive development planning, this book offers a proposal aimed at maximizing public involvement while ensuring fair distribution of economic burdens and benefits. It emphasizes environmental sustainability and efficient use of limited resources, presenting a framework for organizing and executing economic strategies that align with democratic principles.

The book offers a detailed comparison between Sraffian and Marxian economic theories across six core chapters, addressing key topics such as prices, profits, technological change, economic crises, environmental sustainability, and critiques of capitalism. It argues that Sraffian approaches provide superior insights in each area. Comprehensive references to existing literature enhance its academic rigor, making it valuable for students and scholars interested in political economy and the history of economic thought.

The book critiques traditional welfare theory while proposing a new framework that integrates recent advancements in microeconomic theory. Authors Robin Hahnel and Michael Albert emphasize the need to revise the "welfare paradigm" to better understand the interplay between individual and social rationality. They explore concepts like labor processes, externalities, and public goods, extending Pareto optimality to dynamic scenarios. Their findings challenge conventional economic beliefs and pave the way for deeper analysis of private versus public enterprises and market versus central planning dynamics.

Focusing on the Sraffian framework, this book explores its benefits in addressing income distribution and environmental sustainability. Divided into three parts, it rigorously examines Sraffian theory, highlighting the implications of productivity in the economy. Additionally, it introduces a normative theory of income distribution that complements Sraffa's positive theory, offering a comprehensive analysis of these interconnected subjects.

What would a viable free and democratic society look like? Poverty, exploitation, instability, hierarchy, subordination, environmental exhaustion, radical inequalities of wealth and power—it is not difficult to list capitalism’s myriad injustices. But is there a preferable and workable alternative? Alternatives to Capitalism: Proposals for a Democratic Economy presents a debate between two such possibilities: Robin Hahnel’s “participatory economics” and Erik Olin Wright’s “real utopian” socialism. It is a detailed and rewarding discussion that illuminates a range of issues and dilemmas of crucial importance to any serious effort to build a better world.

This revised edition of ABCs is a lively and accessible introduction to modern political economy. Informed by the work of Marx, Veblen, Kalecki, Robinson, Minsky and other great political economists, Robin Hahnel provides the essential tools needed to understand economic issues today. Dispelling myths about financial liberalisation, fiscal austerity, globalisation and free markets, the ABCs offers a critical perspective on our present system and outlines clear alternatives for the future. This second edition applies the analytical tools developed to help readers understand the origins of the financial crisis of 2007, the ensuing 'Great Recession,' and why government policies in Europe and North America over the past six years have failed to improve matters for the majority of their citizens. The second edition also helps explain what is causing climate change and what will be required if it is to be resolved effectively and fairly.

The book offers a comprehensive exploration of ecological sustainability, economic justice, and human dignity through a pluralistic and non-dogmatic lens. It delves into environmental issues while presenting a balanced analysis of potential solutions, emphasizing the interconnectedness of these critical values.

Focusing on the need for a reimagined approach to economic justice and democracy, Robin Hahnel advocates for a "participatory economy" as a long-term solution. He outlines a comprehensive framework of economic institutions that can achieve these goals. Additionally, Hahnel emphasizes the importance of enhancing current economic reform movements by expanding their base and deepening their commitment to equitable cooperation, providing practical steps for immediate action toward meaningful change.