ABSTRACT
This chapter provides a conclusion to Part 4 of this book. The part uses a simple corn model to explain how the division of aggregate output between consumption and investment over a number of years can be determined efficiently and democratically and how decisions about aggregate investment can be updated to improve outcomes. It explains how an aggregate investment plan can be transformed by worker councils during annual participatory planning into a detailed investment plan that determines the efficient amount of different capital goods to produce each year and why our annual planning procedure will distribute these different capital goods efficiently to worker councils in different industries. It considers how we propose to do different kinds of long-run “development” planning that cover much longer time horizons efficiently while also maximizing popular participation, we pause to summarize who participates and how they participate in our proposal for how to go about investment planning.
