Bøker av Michael Albert

Providing hope and direction to sustain commitment on the path to change, No Bosses is about winning a new world.

Supports the libertarian socialist tradition by presenting a model of how producers and consumers could democratically plan their interconnected activities. This book explains why hierarchical production, inegalitarian consumption, central planning, and market allocations are incompatible with 'classlessness.'

It presents concepts and their connections to current society; visions of what can be in a preferred, participatory future; and an examination of the ends and means required for developing a just society. Neither shying away from the complexity of human issues, nor reeking of dogmatism, Practical Utopia presupposes only concern for humanity.

This ambitious work presents a critique of traditional welfare theory and proposes a new approach to it. Radical economists Robin Hahnel and Michael Albert argue that an improved theory of social welfare can consolidate and extend recent advances in microeconomic theory, and generate exciting new results as well. The authors show that once the traditional "e;welfare paradigm"e; is appropriately modified, a revitalized welfare theory can clarify the relationship between individual and social rationalitya task that continues to be of interest to mainstream and nonmainstream economists alike. Hahnel and Albert show how recent work in the theory of the labor process, externalities, public goods, and endogenous preferences can advance research in welfare theory. In a series of important theorems, the authors extend the concept of Pareto optimality to dynamic contexts with changing preferences and thus highlight the importance of institutional bias. This discussion provides the basis for further analysis of the properties and consequences of private and public enterprise and of markets and central planning. Not surprisingly, Hahnel and Albert reach a number of conclusions at odds with conventional wisdom.Originally published in 1990.The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

'What do you want?' is a query often put to economic and globalization activists decrying poverty, alienation and degradation. In this new work, Albert provides the answer: Participatory Economics, 'Parecon' for short - a new economy and a viable alternative to capitalism.

Albert's economic replacement for capitalism, -'Parecon'- has already become widely known. Here he goes further offering insights about how whole areas of life might be transformed in a new society.