Democratic socialist

Democratic planning

Democratic socialist proponents of decentralised planning assert that it allows for a spontaneously self-regulating system of stock control, relying solely on calculation in kind, to come about and that in turn decisively overcomes the objections raised by the economic calculation argument that any large-scale economy must necessarily resort to a system of market prices. Decentralised planning models often involve workers' councils or industrial unions, and include models proposed by anarchist economists Michael Albert and Robin Hahnel as participatory economics; and economist Pat Devine as "negotiated coordination," based on representative democracy.