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Individual Differences and the Potential Tradeoffs Between the Values of a Participatory Economy

Department of Social Science, New York City College of Technology (CUNY), 300 Jay Street, Brooklyn, NY 11201, USA, cpanayotakis{at}citytech.cuny.edu

This paper argues that a closer attention to the variability of such subjective characteristics as preferences, life philosophies and attitudes towards work, individual talents, and levels of intelligence raises a number of issues of relevance to the literature on participatory economics (and, to a lesser extent, to that on market socialism). In particular, it is argued that a thoroughgoing integration of such subjective characteristics into the literature on participatory economics reveals a number of previously unrecognized tradeoffs between the values that a participatory economy would seek to promote.

Key Words: Marx • market socialism • participatory economics • exploitation • values

This version was published on March 1, 2009

Review of Radical Political Economics, Vol. 41, No. 1, 23-42 (2009)
DOI: 10.1177/0486613408324407


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