ABSTRACT
Part V is concerned with different kinds of long-run, development planning. Education teaches people skills that enhance their productivity, prepares students to participate fully in social decision-making and is also a “consumption good”. The natural environment provides services necessary for production. So, as in the case of education planning, consumption benefits must be considered along with contributions to production when one engages in environmental planning. As readers now understand, a participatory economy is based on the principle that economic justice demands compensation commensurate with the sacrifices people make. It is time to take international economic relations into consideration and explain how a participatory economy can benefit from international trade and finance and engage in strategic international economic planning. And finally, in an appendix to Part V it is explained how to apply our approach to investment and development planning to investment in infrastructure.
