In this highly praised book, attracting worldwide attention and support, Michael Albert provides an answer: Participatory Economics, called parecon for short, is a new economy beyond capitalism. Parecon celebrates solidarity, equity, diversity, and people democratically controlling their own lives. To attain these values, it utilizes original institutions for production, consumption, and allocation, described throughout the book.

Howard Zinn Comments: “I can't count the number of times when serious critics of our social system would say to me: ‘Why can't we come up with a vision of what a good society would be like?’ This is what Mike Albert boldly does in Parecon: Life After Capitalism, and the result is an imaginative, carefully reasoned description, persistently provocative, of how we might live free from economic injustice.”

Noam Chomsky Comments: "There is enormous dissatisfaction, worldwide, with prevailing socioeconomic conditions and the choices imposed by the reigning institutions. Calls for change range from patchwork reform to more far-reaching changes. Michael Albert's work on participatory economics outlines in substantial detail a program of radical reconstruction, presenting a vision that draws from a rich tradition of thought and practice of the libertarian left and popular movements, but adding novel critical analysis and specific ideas and modes of implementation for constructive alternatives. It merits close attention, debate, and action."

 http://www.zmag.org/ParEcon/pelac.htm