ABSTRACT
This chapter gives a brief summary of the participatory economics vision, its goals, values, institutions, and actors, as well as the main arguments against the market as an allocation mechanism. The focus is on the model’s institution for allocation, decentralised participatory planning, and its procedures. Participatory planning is a democratic economic planning model based on self-management, in which it is the consumers and the producers themselves who propose and revise their own consumption and production proposals in a number of iterations until supply and demand balance. The chapter ends with a more detailed description of the main actors in a participatory economy and their most important decisions, including decisions that require actors to organise in federations.
