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Robin Hahnel is a Professor of Economics at American University. He is best known for his work on participatory economics with Z Magazine editor Michael Albert. Professor Robin Hahnel, from [1] The text below is generated by a template, which has been proposed for deletion. ...
Professor Robin Hahnel, from [1] The text below is generated by a template, which has been proposed for deletion. ...
Buyers bargain for good prices while sellers put forth their best front in Chichicastenango Market, Guatemala. ...
For other universities known as American University, see American University (disambiguation). ...
Participatory economics, often abbreviated parecon, is a proposed economic system that uses participatory decision making as an economic mechanism to guide the allocation of resources and consumption in a given society. ...
Z Magazine is an independent monthly magazine focusing on political, cultural, social, and economic life in the United States and considered to be very left-wing. ...
Categories: Stub | 1947 births | 20th Century philosophers | U.S. philosophers ...
Hahnel is a radical economist and political activist. Politically he considers himself a proud product of the New Left and is sympathetic to libertarian socialism. He has been active in many social movements and organizations for forty years, notably as a participant in student movements opposed to the American invasion of South Vietnam, more recently with the Southern Maryland Greens, a local chapter of the Maryland Green Party, and the Green Party of the United States. Hahnel's work in economic theory and analysis is informed by the work of Marx, Keynes, Piero Sraffa, Michał Kalecki, and Joan Robinson,among others. He has served as a visiting professor or economist in Cuba, Peru, and England. The New Left is a term used in political discourse to refer to radical left-wing movements from the 1960s onwards. ...
Libertarian socialism is any one of a group of political philosophies dedicated to the abolition of property by restoring direct control of production and resources to the working class. ...
Official language(s) None (English, de-facto) Capital Annapolis Largest city Baltimore Area Ranked 42nd - Total 12,417 sq mi (32,160 km²) - Width 90 miles (145 km) - Length 249 miles (400 km) - % water 21 - Latitude 37°53N to 39°43N - Longitude 75°4W to 79°33...
This article specifically discusses the national committee of the Green Party in the United States. ...
Marx is a common German surname. ...
John Maynard Keynes John Maynard Keynes [ˈkeɪns], 1st Baron Keynes of Tilton (June 5, 1883 - April 21, 1946) was an English economist, whose radical ideas had a major impact on modern economic and political thought. ...
Piero Sraffa. ...
Michał Kalecki (22nd June 1899-18 April 1970) was one of the greatest Polish economists. ...
Joan Violet Robinson (1903 in Surrey - 1983) was a Keynesian economist who was well known for her knowledge of monetary economics and wide-ranging contributions to economic theory. ...
Royal motto (French): Dieu et mon droit (Translated: God and my right) Englands location (dark green) within the United Kingdom (light green), with the Republic of Ireland (blue) to its west Languages English Capital London Largest city London Area – Total Ranked 1st UK 130,395 km² Population –mid-2004...
Early critiques: Orthodox marxism and welfare economics
Hahnel was an undergraduate at Harvard when he met Albert, who was studying at the Massachusetts Institute of Technology. Over the course of roughly three decades the duo would produce seven books together. Among the early writings was "Marxism and Socialist Theory" an evaluation of Marxist and Marxist-Leninist theory that emphasized what they believed were serious flaws. Albert and Hahnel argued that while those aspects of Marxist theory rejecting the institutions of private property and markets were well-founded, other aspects of Marxist and Marxist-Leninist doctrine, including its economistic bias, dialectical methodology, historical materialism, class concepts, labour theory of value, crises theory and rejection of visionary thinking were either partially or wholly flawed, and often constituted obstacles in the struggle for social justice. Subsequently they produced "Socialism, Today and Tomorrow", which was an analysis of actually existing socialism in the Soviet Union, China and Cuba, as well as a sketch of an alternative theoretical framework for socialism. Harvard Yard Harvard College is the undergraduate section and oldest school of Harvard University, having been founded in 1636. ...
The Massachusetts Institute of Technology, or MIT, is a private research university located in the city of Cambridge, Massachusetts, USA. MIT is one of the worlds leading research institutions in science and technology. ...
Their technical study of mainstream welfare economics, "A Quiet Revolution in Welfare Economics", was originally published by Princeton, but did not receive wide distribution. The underground interest in the book prompted its being made available on-line. [1] They argued that traditional welfare economic theory was in an intractable crisis. The core approach that developed out of Adam Smith's two hundred year old assertion that competitive markets are guided "as if by an invisible hand" to produce social efficiency was yielding diminishing returns and "has thwarted, rather than facillitated, advances in analyses of the labour process, externalities, public goods, preference development and institutional structures." The traditional socialist solution of public enterprise combined with centrally planned allocation was found equally lacking. In conclusion they argued that in clarifying the reasons why traditional models were deficient they had cleared a path that suggested probable directions for an alternative paradigm. The significant social and ecological inefficiencies of private enterprise market economies,public enterprise central planned economies, and related variants, necessitated both the re-organization of production and consumption institutions and the search for compatible "allocative mechanisms that allow informed individual rationality to be fully consistent with social rationality." Their next step, the formulation of a relatively detailed "full" vision of an economy based upon participatory democratic planning was their attempt to provide an answer to this challenge. An externality occurs in economics when a decision (for example, to pollute the atmosphere) causes costs or benefits to individuals or groups other than the person making the decision. ...
Participatory economics - Main article: Participatory economics
In 1991, as the Soviet bloc crumbled and capitalism emerged triumphant Albert and Hahnel published "The Political Economy of Participatory Economics", a model of an economy based upon allocation by participatory democracy within an integrated framework of nested production and consumption councils that was proposed as an alternative to contemporary capitalism, centralized state socialism and market socialism. In ensuing years Hahnel and Albert fleshed out the gaps in their vision, discussed possible complementary political and cultural institutions, and replied to many of their critics. Participatory economics, often abbreviated parecon, is a proposed economic system that uses participatory decision making as an economic mechanism to guide the allocation of resources and consumption in a given society. ...
Ecological economics Throughout much of this time Hahnel had been teaching advanced courses in ecological economics at American University. His ecological economic vision seeks to incorporate the ecological and social costs entailed in production, consumption, and distribution in the price signals for each good. Because of the widely recognized difficulties of quantifying ecological and social costs, Hahnel emphasized the necessity of utilizing qualitative data in addition to quantitative data to ensure accurate price signals. Qualitative data can best be elucidated through the mechanisms of an inclusive and participatory democratic informational framework.
In terms of the current day ecological problems Hahnel has argued for green and pollution taxes over alternative schemes such as the marketization of natural resources using permit systems or regulatory "command and control" methods. An optimally efficient green tax requires taxing polluters an amount equal to external costs. Corporations can be expected to try to pass the extra costs on to consumers by raising prices, however Hahnel notes that "part of the reason pollution taxes improve efficiency in a market economy is that they discourage consumption of goods whose production requires pollution precisely by making those products more expensive for consumers." He recommends linking tax increases related to "bads" such as pollution to tax decreases on "goods" related to productive work, as exemplified by social security taxes. (The ABC's of Political Economy, 272)
Corporate-sponsored globalization, criticism and activism As the nineties wore on, Hahnel became increasingly immersed in analysis of corporate-sponsored globalization, and actively participated in movements opposed to it. As disparate oppositional groups planned and unified for what were to be momentous demonstrations against the World Trade Organization meetings in Seattle in 1999, Hahnel was among the leading economic analysts educating popular movements.[2] On November 30, 1999, the World Trade Organization convened in Seattle, Washington, USA, for what was to be the launch of a new millennial round of trade negotiations. ...
His first major book authored without Michael Albert was "Panic Rules". The book features concise analysis of crises due to financial liberalization in the era of globalization, a critique of the ideology and practices of global institutions such as the WTO, IMF and World Bank, and a tightly argued explanation of the conditional insights and much overlooked limitations of international trade theory based upon Ricardo's theory of comparative advantage. Categories: Stub | 1947 births | 20th Century philosophers | U.S. philosophers ...
Hahnel acknowledged core insights within comparative advantage theory, noting that "if opportunity costs of producing goods are different in different countries there are potential gains from specialization and trade." However, he explained that the potential gains are realized only under specific conditions, and expounded on the many real world factors that can account for significant efficiency losses. Among the most significant factors for efficiency losses from trade are inaccurate prices due to significant externalities that cause misidentification of comparative advantages, unstable international markets that create macro inefficiencies, and adjustment costs of moving people in and out of industries that can be considerable. Moreover, in spite of Ricardo's theory, international trade usually aggravates global inequality because terms of trade are set inequitably as a result of the dominant bargaining positions of northern countries, and thanks to class structures that ensure the costs and benefits of trade are distributed unfairly within countries.(see ABC's of Political Economy, 176-207)
Theory and Practice of Economic Justice and Democracy In recent years Hahnel has stopped publishing books with Michael Albert on participatory economics. He has done much work in academic oriented political economic theory. Notably, he wrote an essay analysing the works of Amartya Sen that was published in the anthology "Understanding Capitalism: Critical Analysis from Karl Marx to Amartya Sen". There is a noticeable turn in his recent work towards consideration of mid-term strategies such as global keynesianism and living wage reforms while maintaining his long-term sights on an economy of equitable cooperation. Categories: Stub | 1947 births | 20th Century philosophers | U.S. philosophers ...
Amartya Sen Dr Amartya Kumar Sen CH (Hon) (born November 3, 1933 in India), is an economist and a winner of the Bank of Sweden Prize in Economic Sciences (sometimes referred to informally as the Nobel Prize for Economics) for his work on famine, human development theory, welfare economics, the...
Karl Heinrich Marx (May 5, 1818 – March 14, 1883) was an immensely influential German philosopher, political economist, and socialist revolutionary. ...
Amartya Sen Dr Amartya Kumar Sen CH (Hon) (born November 3, 1933 in India), is an economist and a winner of the Bank of Sweden Prize in Economic Sciences (sometimes referred to informally as the Nobel Prize for Economics) for his work on famine, human development theory, welfare economics, the...
2005 NFL Cutthroat Pool In 2005, Hahnel was victorious in an annual NFL cutthroat pool run by his daughter's coworker. Using his background in economics as a guide, Hahnel easily bested his competition, and walked away with a “thick wad of almighty dollars in (his) pockets.” NFL logo For other uses of the abbreviation NFL, see NFL (disambiguation). ...
2006 World Cup Pool As of July, 2006, Hahnel’s luck seems to have run out, at least in regard to illegal sports gambling. Despite high hopes for a win in a World Cup pool designed by his own son, Hahnel finished near the bottom of the pack, failing to defeat even the most novice of soccer spectators such as Jason Mathews, a participant who used the outdated theory of Social Darwinism as his guide for picking teams. A world cup is a global sporting competition in which the participant entities - usually National Teams or individuals representing their nation - compete for the title of world champion. ...
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Quotations from Robin Hahnel "What I called 'The Great Global Asset Swindle', when writing about it in Z Magazine in the aftermath of the Asian financial crisis, works like this: international investors lose confidence in a third world economy -- dumping its currency, bonds and stocks. At the insistence of the IMF, the central bank in the third world country tightens the money supply to boost interest rates to prevent further capital outflows in an unsuccessful attempt to protect the currency. Even healthy domestic companies can no longer afford or maintain loans so they join the ranks of bankrupted domestic businesses available for purchase. As a precondition for receiving the IMF bailout the government abolishes any remaining restrictions on foreign ownership of corporations, banks and land. With a depreciated local currency, and a long list of bankrupt local businesses, the economy is ready for the acquisition experts from Western multinational corporations and banks who come to the fire sale with a thick wad of almighty dollars in their pockets." (ABC's of Political Economy, 195)
Books - Unorthodox Marxism with M. Albert (1978)
- Socialism Today and Tomorrow with M. Albert (1981)
- Marxism and Socialist Theory with M. Albert (1981)
- Looking Forward with M. Albert (1990)
- The Political Economy of Participatory Economics with M. Albert (1991)
- Panic Rules (1999)
- ABC's of Political Economy (2003)
- Economic Justice and Democracy: From Competition to Cooperation (2005)
1978 (MCMLXXVIII) was a common year starting on Sunday (the link is to a full 1978 calendar). ...
1981 (MCMLXXXI) was a common year starting on Thursday of the Gregorian calendar. ...
1981 (MCMLXXXI) was a common year starting on Thursday of the Gregorian calendar. ...
This article is about the year. ...
1991 (MCMXCI) was a common year starting on Tuesday of the Gregorian calendar. ...
1999 (MCMXCIX) was a common year starting on Friday, and was designated the International Year of Older Persons by the United Nations. ...
2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ...
2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ...
See also Direct democracy, classically termed pure democracy[1], comprises a form of democracy and theory of civics wherein sovereignty is lodged in the assembly of all citizens. ...
The Industrial Workers of the World (IWW or the Wobblies) is an international union headquartered in Cincinnati, Ohio, USA. At its peak in 1923 the organization claimed some 100,000 members in good standing, and could marshal the support of perhaps 300,000 workers. ...
Participatory economics, or parecon, a participatory economics system proposed as an alternative to other systems such as capitalism and coordinatorism, emerged from the work of the radical theorist Michael Albert and of the radical economist Robin Hahnel, beginning in the 1980s and 1990s. ...
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