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Planning for Degrowth: How artificial intelligence and Big Data revitalize the debate on democratic economic planning

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  • Schlichter, Leo

Abstract

The Degrowth movement advocates a radical shift from our capitalist economic system to one based on human needs, planetary boundaries, and economic democracy. The literature, however, often neglects detailing the concrete coordination mechanisms of a Degrowth economy. This paper addresses this gap by proposing democratic economic planning as a potential solution. I delve into historical and contemporary planning debates, examining practical examples and proposals that leverage artificial intelligence and cybernetics for democratic economic planning. I argue that models such as participatory economics (Parecon) or Daniel Saros's planning model align well with Degrowth principles, forming a foundation for further exploration. Effective economic planning requires democratic participation, free information flow, and safeguards against power abuse. Still, open questions on money, trade, democratic institutions, and privacy protection require further investigation.

Suggested Citation

  • Schlichter, Leo, 2024. "Planning for Degrowth: How artificial intelligence and Big Data revitalize the debate on democratic economic planning," IPE Working Papers 231/2024, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
    • Handle: RePEc:zbw:ipewps:294825
    as

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    References listed on IDEAS

    as
    1. Joutsenvirta, Maria, 2016. "A practice approach to the institutionalization of economic degrowth," Ecological Economics, Elsevier, vol. 128(C), pages 23-32.
    2. Robert C. Allen, 2001. "The rise and decline of the Soviet economy," Canadian Journal of Economics, Canadian Economics Association, vol. 34(4), pages 859-881, November.
    3. Jason Hickel & Giorgos Kallis, 2020. "Is Green Growth Possible?," New Political Economy, Taylor & Francis Journals, vol. 25(4), pages 469-486, June.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Degrowth; economic democracy; economic planning; participatory economics;
    All these keywords.

    JEL classification:

    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
    • O49 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Other
    • P11 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Planning, Coordination, and Reform
    • P21 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Planning, Coordination, and Reform
    • P40 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - General

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