Originally published at: » 3 of 10: Calculating the price of pollution in Participatory Planning
This is the third part of ten extracts from the book Democratic Economic Planning (2021, Routledge) by Robin HahneI. Market economies fail to account for the cost of pollution. How does a Participatory Economy do better? Here Robin Hahnel describes how annual Participatory Planning can generate quantitative information about pollution caused via a pollution demand revealing mechanism…