Pat Devine is a
radical socialist economist concerned mainly with
industrial economics
In economics, industrial organization is a field that builds on the theory of the firm by examining the structure of (and, therefore, the boundaries between) firms and markets. Industrial organization adds real-world complications to the perfe ...
and
comparative economic systems
Comparative Economic Systems is the sub-classification of economics dealing with the comparative study of different systems of economic organization, such as capitalism, socialism, feudalism and the mixed economy. It is widely held to have been f ...
.
Devine made one of the most thorough descriptions of a future
post-capitalistic economy which is based upon
social ownership
Social ownership is the appropriation of the surplus product, produced by the means of production, or the wealth that comes from it, to society as a whole. It is the defining characteristic of a socialist economic system. It can take the form of ...
of the
means of production
The means of production is a term which describes land, labor and capital that can be used to produce products (such as goods or services); however, the term can also refer to anything that is used to produce products. It can also be used as an ...
by those affected by the use of it, with
allocation
Allocation may refer to:
Computing
* Block allocation map
* C++ allocators
* Delayed allocation
* File allocation table
* IP address allocation
* Memory allocation
* No-write allocation (cache)
* Register allocation
Economics
* Asset alloca ...
of
consumer
A consumer is a person or a group who intends to order, or uses purchased goods, products, or services primarily for personal, social, family, household and similar needs, who is not directly related to entrepreneurial or business activities. ...
and
capital goods
The economic concept of a capital good (also called complex product systems (CoPS),H. Rush, "Managing innovation in complex product systems (CoPS)," IEE Colloquium on EPSRC Technology Management Initiative (Engineering & Physical Sciences Researc ...
made by a form of
decentralized participatory economic planning called negotiated coordination of those at the most localised level of economic production. This model is notable for specifying an array of social ownership rights and an analytic distinction between
market forces
In economics, a market is a composition of systems, institutions, procedures, social relations or infrastructures whereby parties engage in exchange. While parties may exchange goods and services by barter, most markets rely on sellers offering ...
and market relations. Another key aspect of Devine’s work has been a close reading of the notorious
economic calculation debate
The socialist calculation debate, sometimes known as the economic calculation debate, was a discourse on the subject of how a socialist economy would perform economic calculation given the absence of the law of value, money, financial prices for ...
and later attempts to offer a response to the objections by the
Austrian school of economic theory. Similarly, Devine's work on the subject of industrial planning has largely constituted an extended critique of the Austrian theory of
entrepreneurship
Entrepreneurship is the creation or extraction of economic value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values t ...
. In this vein, Devine has argued that "a major weakness in the modern Austrian School's emphasis on the need for tacit knowledge to be socially mobilised by entrepreneurs participating in the market process is that participation is restricted to those with access to
capital, thus ignoring the tacit knowledge of the majority of people".
[Devine, Pat. "Participatory Planning Through Negotiated Coordination, Science & Society 2002]
Devine is a joint author of the book ''An Introduction to Industrial Economics'' and author of ''Democracy and Economic Planning''. He and collaborators Fikret Adaman and Begum Ozkaynak are particularly notable for their elaboration of a visionary socialist model that they call participatory planning. The most significant influences on Devine's economic thought were
Karl Marx
Karl Heinrich Marx (; 5 May 1818 – 14 March 1883) was a German philosopher, economist, historian, sociologist, political theorist, journalist, critic of political economy, and socialist revolutionary. His best-known titles are the 1848 ...
and the
Marxian tradition associated with
Antonio Gramsci as well as the
economo-anthropologic theories of
Karl Polanyi
Karl Paul Polanyi (; hu, Polányi Károly ; 25 October 1886 – 23 April 1964),''Encyclopædia Britannica'' (Chicago: Encyclopædia Britannica Inc. 2003) vol 9. p. 554 was an Austro-Hungarian economic anthropologist and politician, best known ...
.
As of 2008, Devine is an honorary research fellow at
Manchester University
, mottoeng = Knowledge, Wisdom, Humanity
, established = 2004 – University of Manchester Predecessor institutions: 1956 – UMIST (as university college; university 1994) 1904 – Victoria University of Manchester 1880 – Victoria Univer ...
. He began his academic studies in economics at
Balliol College
Balliol College () is one of the constituent colleges of the University of Oxford in England. One of Oxford's oldest colleges, it was founded around 1263 by John I de Balliol, a landowner from Barnard Castle in County Durham, who provided the ...
,
Oxford
Oxford () is a city in England. It is the county town and only city of Oxfordshire. In 2020, its population was estimated at 151,584. It is north-west of London, south-east of Birmingham and north-east of Bristol. The city is home to the ...
.
See also
*
Robin Hahnel
Robin Eric Hahnel (born March 25, 1946) is an American economist and professor emeritus of economics at American University. He was a professor at American University for many years and traveled extensively advising on economic matters all over t ...
*
Industrial Economics
In economics, industrial organization is a field that builds on the theory of the firm by examining the structure of (and, therefore, the boundaries between) firms and markets. Industrial organization adds real-world complications to the perfe ...
*
Participatory Economics
Participatory economics, often abbreviated Parecon, is an economic system based on participatory decision making as the primary economic mechanism for allocation in society. In the system, the say in decision-making is proportional to the impa ...
*
Inclusive Democracy
Inclusive Democracy (ID) is a project that aims for direct democracy; economic democracy in a stateless, moneyless and marketless economy; self-management (democracy in the socio-economic realm); and ecological democracy.
The theoretical p ...
*
Post-Autistic Economics
The post-autistic economics movement (french: autisme-économie), or movement of students for the reform of economics teaching (french: mouvement des étudiants pour une réforme de l'enseignement de l'économie), is a political movement that cri ...
*
Participatory democracy
Participatory democracy, participant democracy or participative democracy is a form of government in which citizens participate individually and directly in political decisions and policies that affect their lives, rather than through elected repr ...
*
Participatory politics
Stephen Rosskamm Shalom is a professor of political science at William Paterson University where he has taught since 1977. He is a writer on social and political issues and is a contributor to Znet and '' Democratic Left''. He is on the editorial ...
References
* ''Democracy and Economic Planning: The Political Economy of a Self-Governing Society.'' Pat Devine, Polity Press, Cambridge UK and Westview Press. Boulder, CO., USA, 1988
Select bibliography
Articles in journals and books
* "Inter-Regional Variations in the Degree of Inequality of Income Distribution: The United Kingdom", 1949-65 as P J Devine Journal of The Manchester School of Economic & Social Studies, 1969, vol. 37, issue 2, pages 141-59
* “Inflation and Marxist Theory”, Marxism Today, March, 1974, pp. 70–92. as P.Devine.
* "Market Socialism or Participatory Planning?", Review of Radical Political Economics (1992)
* “Socialist Renewal: Lessons from the ‘Calculation’ Debate”, Studies in Political Economy, 1994.(with Fikret Adaman).
* “The Economic Calculation Debate: Lessons for socialists”, Cambridge Journal of Economics, 1996.(with Fikret Adaman)
* “A Response to Professor Foss”, Studies in Political Economy, 1996 (with Fikret Adaman)
* “On the Economic Theory of Socialism”, New Left Review, 1997. (with Fikret Adaman).
* “The ‘Conflict Theory of Inflation” Revisited”, in Toporowski, J. (ed.), Political Economy and the New Capitalism, London: Routledge. 2000.
* “A Response to Professor Hodgson”, Economy and Society, 2001. (with Fikret Adaman)
* “Participatory Planning Through Negotiated Coordination”, Science and Society, 66(1):72-85. Special Issue: Building Socialism Theoretically. Alternatives to Capitalism and the Invisible Hand. Guest editor and multiple contributions.(2002)
* "A Reconsideration of the Theory of Entrepreneurship: a participatory approach", Review of Political Economy, 1465-3982, Volume 14, Issue 3, 2002, Pages 329 – 355 (with Fikret Adaman).
* “Reinstituting the Economic Process: (Re)embedding the economy in society and nature”, International Review of Sociology, 2003. (with Fikret Adaman and Begüm Özkaynak)
* “Whither Ecological Economics?,” International Journal of. Environment and Pollution, 2002 18 (4), 317-335 (with Dan Rigby and Begum Ozkaynak)
* “Operationalising Strong Sustainability: Definitions, Methodologies and Outcomes,” Environmental Values, 13 (3), 279-303 (SSCI). (2004). (With Begum Ozkaynak, B, and Dan Rigby)
* “The Promise of Participatory Planning: A Rejoinder to Hodgson”, Economy and Society, 35(1):141-7, 2006. (with Fikret Adaman.)
Books
* "An Introduction to Industrial Economics", George Allen & Unwin Ltd., London, 1974 authors: PJ Devine, RM Jones, N. Lee, and WJ Tyson,
* "Democracy and economic planning: the political economy of a self- governing society", Cambridge: Polity Press, 1988. (as PJ Devine).
* "Competitiveness, Subsidiarity and Industrial Policy". Editors: Pat J. Devine; Yannis S. Katsoulacos; Roger Sugden. 1996. (hardback)
* "What On Earth Is To Be Done?" (Manchester, Red Green Study Group). Authors: P. Devine with T. Benton, N. Gotts, P. Hoggett, R. Kuper, E. Lieven, T. Martin, J. Morrissey, C. New, M. Prior, D. Purdy, R. Simon, D. Thompson, H. Wainwright (1995)
* "Economy and Society: Money, Capitalism and Transition", co-edited with Fikret Adaman, Montreal: Blackrose, 2001.
* "Feelbad Britain: How to Make it Better", Lawrence & Wishart Ltd, Mar 2009. editors: Pat Devine, Andrew Pearmain and David Purdy (Editor)
; Book reviews
* "Parecon: Life After Capitalism", Historical Materialism (2007) 15:210-217, April 1, 2007.
External links
Socialist Renewal: Lessons From the Calculation Debate
{{DEFAULTSORT:Devine, Pat
British economists
Marxian economists
Living people
Socialist economists
Year of birth missing (living people)