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Five Criteria to Evaluate Democratic Economic Planning Models

Author

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  • Simon Tremblay-Pepin

Abstract

This article reviews three models of Democratic Economic Planning, those of Pat Devine and Fikret Adaman, Michael Albert and Robin Hahnel, and Paul Cockshott and Allin Cottrell. Part of a larger research project aiming to merge certain features of these models, this article proposes five criteria to evaluate them. Following a proposal made by David Laibman, it adopts the organization and regulation criteria and add three others to them: limitation, formalization, and scope. Finally, the article offers a brief analysis of the models from those criteria. JEL Classification: P20, P51, B51

Suggested Citation

  • Simon Tremblay-Pepin, 2022. "Five Criteria to Evaluate Democratic Economic Planning Models," Review of Radical Political Economics, Union for Radical Political Economics, vol. 54(3), pages 265-280, September.
    • Handle: RePEc:sae:reorpe:v:54:y:2022:i:3:p:265-280
    DOI: 10.1177/04866134221093747
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    References listed on IDEAS

    as
    1. Benny Carlson, 2018. "Swedish Economists in the 1930s Debate on Economic Planning," Palgrave Studies in Economic History, Palgrave Macmillan, number 978-3-030-03700-0, June.
    2. John Kenneth Galbraith, 2007. "Change and the Planning System, from The New Industrial State," Introductory Chapters, in: The New Industrial State, Princeton University Press.
    3. Kornai, Janos, 1992. "The Socialist System: The Political Economy of Communism," OUP Catalogue, Oxford University Press, number 9780198287766.
    4. John E. Roemer, 1994. "A Future for Socialism," Politics & Society, , vol. 22(4), pages 451-478, December.
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    Keywords

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    JEL classification:

    • P20 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - General
    • P51 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems
    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian

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