Revision as of 19:10, 12 February 2006 edit La goutte de pluie (talk \| contribs) 22,509 edits this is a comparison section; parecon is responding to the criticism of alternatives; put boilerplate on because of pertinence dispute ← Previous edit		Revision as of 19:10, 12 February 2006 edit undo La goutte de pluie (talk \| contribs) 22,509 edits →Comparison of participatory economics with other economic systems: not that plate was needed anyway Next edit →
Line 54: == Comparison of participatory economics with other economic systems == {{POV-section}} ~~{{fact-section}}~~ Free market and [[rational choice theory\|rational choice theorists]] such as [[Milton Friedman]] and others argue that any alternatives to the market economy will provide weak [[incentive]]s, and [[Market economy#Market criticism of market economic alternatives\|criticises such altenatives]] because he does not believe there is any incentive for innovation or production as time progresses. He has argued that it is very difficult and inefficient for central planners to guess or approximate values and demand for goods and services and that it is better to let prices float freely by allowing the market to determine them.

Participatory economics: Difference between revisions