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Michael Albert (born April 8, 1947) is an American economist, speaker, writer, and political critic. Since the late 1970s, he has published books, articles, and other contributions on a wide array of subjects. He has also set up his own media outfits, magazines, and podcasts. He is known for helping to develop the socioeconomic theory of participatory economics.
In 1987, Albert founded Zeta Magazine with Sargent. The magazine focused on libertarian and anarchist socialist thought. It was renamed Z Magazine in 1989.
In 1990-91, Albert and Robin Hahnel worked on outlining their ideas around participatory economics. They published Looking Forward and The Political Economy of Participatory Economics, with the later including an economic model of the system. Doug Brown, writing in the Journal of Economic Issues said their alternative to markets was novel, but mainly of academic interest.
By 1995, the organisation Z Magazine had branched out providing online content and media training. Along with the magazine the ventures are collectively known as Z Communications.
In 2006, David Schweickart wrote a detailed critique of participatory economics called Nonsense on Stilts: Michael Albert's Parecon. He claimed three fundamental features of the economic system are flawed.
What Is To Be Undone?, (1974)
Stop the Killing Train: Radical Visions for Radical Change, (1994)
Thinking Forward: Learning To Conceptualize Economic Vision, (1997)
Moving Forward: Program for a Participatory Economy, (2001)
The Trajectory of Change: Activist Strategies for Social Transformation, (2002)