Pat Devine
Encyclopedia
Pat Devine is a radical
economist
concerned mainly with industrial economics and comparative economic systems
. He made one of the most thorough descriptions of a future economy where allocation
is done by democratic planning and social ownership without any social division of labour
(although with functional divisions of labour). The model is notable for specifying an array of social ownership rights, and an analytic distinction between "market forces
" and "market relations". Another key aspect of Devine’s work has been a close reading of the economic calculation debate,http://www3.sympatico.ca/bernard.leask/renewal.html and later attempts to offer a serious response to the objections by the Austrian school of economic theory
. Similarly, Devine’s work on the subject of “industrial planning” has largely constituted an extended critique of the Austrian theory of entrepreneurship
.In this vein Devine as argued that "a major weakness in the modern Austrian School's emphasis on the need for tacit knowledge to be socially mobilised by entrepreneurs participating in the market process is that participation is restricted to those with access to capital
, thus ignoring the tacit knowledge of the majority of people."
Pat Devine is a joint author of the book An Introduction to Industrial Economics and author of Democracy and Economic Planning. He and collaborators Fikret Adaman and Begum Ozkaynak are particularly notable for their elaboration of a visionary socialist model that they call "Participatory Planning". The most significant influences on Devine's economic thought were Karl Marx
and the Marxian tradition associated with Antonio Gramsci
, as well as Karl Polanyi
.
Devine is (as of 2008) an honorary research fellow at Manchester University. He began his academic studies in economics at Balliol College, Oxford
.
“Inflation and Marxist Theory”, Marxism Today, March, 1974, pp. 70–92. as P.Devine.
"Market Socialism or Participatory Planning?", Review of Radical Political Economics (1992)
“Socialist Renewal: Lessons from the ‘Calculation’ Debate”, Studies in Political Economy, 1994.(with Fikret Adaman).
“The Economic Calculation Debate: Lessons for socialists”, Cambridge Journal of Economics, 1996.(with Fikret Adaman)
“A Response to Professor Foss”, Studies in Political Economy, 1996 (with Fikret Adaman)
“On the Economic Theory of Socialism” , New Left Review, 1997. (with Fikret Adaman).
“The ‘Conflict Theory of Inflation” Revisited”, in Toporowski, J. (ed.), Political Economy and the New Capitalism, London: Routledge. 2000.
“A Response to Professor Hodgson”, Economy and Society, 2001. (with Fikret Adaman)
“Participatory Planning Through Negotiated Coordination”, Science and Society, 66(1):72-85. Special Issue: Building Socialism Theoretically. Alternatives to Capitalism and the Invisible Hand. Guest editor and multiple contributions.(2002): http://www.scienceandsociety.com/contents_spr02.html
"A Reconsideration of the Theory of Entrepreneurship: a participatory approach"
Review of Political Economy, 1465-3982, Volume 14, Issue 3, 2002, Pages 329 – 355 (with Fikret Adaman).
“Reinstituting the Economic Process: (Re)embedding the economy in society and nature”, International Review of Sociology, 2003. (with Fikret Adaman and Begüm Özkaynak)
“Whither Ecological Economics?,” International Journal of. Environment and Pollution, 2002 18 (4), 317-335 (with Dan Rigby and Begum Ozkaynak)
“Operationalising Strong Sustainability: Definitions,Methodologies and Outcomes,” Environmental Values, 13 (3), 279-303 (SSCI). (2004). (With Begum Ozkaynak, B, and Dan Rigby)
“The Promise of Participatory Planning: A Rejoinder to Hodgson”, Economy and Society, 35(1):141-7, 2006. (with Fikret Adaman.)
"Democracy and economic planning: the political economy of a self- governing society", Cambridge: Polity Press, 1988. (as PJ Devine).
"Competitiveness, Subsidiarity and Industrial Policy". Editors: Pat J. Devine; Yannis S. Katsoulacos; Roger Sugden. 1996. ISBN 978-0-415-13985-4 (hardback)
"What On Earth Is To Be Done?" (Manchester, Red Green Study Group). Authors: P. Devine with T. Benton, N. Gotts, P. Hoggett, R. Kuper, E. Lieven, T. Martin, J. Morrissey, C. New, M. Prior, D. Purdy, R. Simon, D. Thompson, H. Wainwright (1995)
"Economy and Society: Money, Capitalism and Transition", co-edited with Fikret Adaman, Montreal: Blackrose, 2001.
"Feelbad Britain: How to Make it Better", Lawrence & Wishart Ltd, Mar 2009. editors: Pat Devine, Andrew Pearmain and David Purdy (Editor)
Book reviews:
"Parecon: Life After Capitalism", Historical Materialism (2007) 15:210-217, April 1, 2007.
Political radicalism
The term political radicalism denotes political principles focused on altering social structures through revolutionary means and changing value systems in fundamental ways...
economist
Economist
An economist is a professional in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy...
concerned mainly with industrial economics and comparative economic systems
Comparative economic systems
Comparative economic systems is the subfield of economics dealing with the comparative study of different systems of economic organization, such as capitalism, socialism, feudalism and the mixed economy...
. He made one of the most thorough descriptions of a future economy where allocation
Economic system
An economic system is the combination of the various agencies, entities that provide the economic structure that defines the social community. These agencies are joined by lines of trade and exchange along which goods, money etc. are continuously flowing. An example of such a system for a closed...
is done by democratic planning and social ownership without any social division of labour
Division of labour
Division of labour is the specialisation of cooperative labour in specific, circumscribed tasks and likeroles. Historically an increasingly complex division of labour is closely associated with the growth of total output and trade, the rise of capitalism, and of the complexity of industrialisation...
(although with functional divisions of labour). The model is notable for specifying an array of social ownership rights, and an analytic distinction between "market forces
Market Forces
Market Forces is a science fiction novel by Richard Morgan, first published in 2004.Set in 2049 in the wake of a global economic downturn called the Domino Recessions, it follows up-and-coming executive Chris as he plunges into the profitable field of Conflict Investment...
" and "market relations". Another key aspect of Devine’s work has been a close reading of the economic calculation debate,http://www3.sympatico.ca/bernard.leask/renewal.html and later attempts to offer a serious response to the objections by the Austrian school of economic theory
Austrian School
The Austrian School of economics is a heterodox school of economic thought. It advocates methodological individualism in interpreting economic developments , the theory that money is non-neutral, the theory that the capital structure of economies consists of heterogeneous goods that have...
. Similarly, Devine’s work on the subject of “industrial planning” has largely constituted an extended critique of the Austrian theory of entrepreneurship
Entrepreneurship
Entrepreneurship is the act of being an entrepreneur, which can be defined as "one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods". This may result in new organizations or may be part of revitalizing mature organizations in response...
.In this vein Devine as argued that "a major weakness in the modern Austrian School's emphasis on the need for tacit knowledge to be socially mobilised by entrepreneurs participating in the market process is that participation is restricted to those with access to capital
Capital (economics)
In economics, capital, capital goods, or real capital refers to already-produced durable goods used in production of goods or services. The capital goods are not significantly consumed, though they may depreciate in the production process...
, thus ignoring the tacit knowledge of the majority of people."
Pat Devine is a joint author of the book An Introduction to Industrial Economics and author of Democracy and Economic Planning. He and collaborators Fikret Adaman and Begum Ozkaynak are particularly notable for their elaboration of a visionary socialist model that they call "Participatory Planning". The most significant influences on Devine's economic thought were Karl Marx
Karl Marx
Karl Heinrich Marx was a German philosopher, economist, sociologist, historian, journalist, and revolutionary socialist. His ideas played a significant role in the development of social science and the socialist political movement...
and the Marxian tradition associated with Antonio Gramsci
Antonio Gramsci
Antonio Gramsci was an Italian writer, politician, political philosopher, and linguist. He was a founding member and onetime leader of the Communist Party of Italy and was imprisoned by Benito Mussolini's Fascist regime...
, as well as Karl Polanyi
Karl Polanyi
Karl Paul Polanyi was a Hungarian philosopher, political economist and economic anthropologist known for his opposition to traditional economic thought and his book The Great Transformation...
.
Devine is (as of 2008) an honorary research fellow at Manchester University. He began his academic studies in economics at Balliol College, Oxford
Oxford
The city of Oxford is the county town of Oxfordshire, England. The city, made prominent by its medieval university, has a population of just under 165,000, with 153,900 living within the district boundary. It lies about 50 miles north-west of London. The rivers Cherwell and Thames run through...
.
See also
- Robin HahnelRobin HahnelRobin Hahnel is a Professor of Economics at Portland State University. He is best known for his work on participatory economics with Z Magazine editor Michael Albert. He is currently a visiting professor at Lewis & Clark College....
- Industrial EconomicsIndustrial organizationIndustrial organization is the field of economics that builds on the theory of the firm in examining the structure of, and boundaries between, firms and markets....
- Participatory EconomicsParticipatory economicsParticipatory economics, often abbreviated parecon, is an economic system proposed primarily by activist and political theorist Michael Albert and radical economist Robin Hahnel, among others. It uses participatory decision making as an economic mechanism to guide the production, consumption and...
- Inclusive DemocracyInclusive DemocracyInclusive Democracy is a political theory and political project that aims for direct democracy, economic democracy in a stateless, moneyless and marketless economy, self-management and ecological democracy...
- Post-Autistic EconomicsPost-autistic economicsThe movement for Post-Autistic Economics was born through the work of Sorbonne economist Bernard Guerrien. The movement is best seen as a forum of different groups critical of the current mainstream: from behavioral and heterodox to feminist, green economics and econo-physics...
- Participatory democracyParticipatory democracyParticipatory Democracy, also known as Deliberative Democracy, Direct Democracy and Real Democracy , is a process where political decisions are made directly by regular people...
- Participatory politicsParticipatory politicsParticipatory politics or parpolity is a theoretical political system proposed by Stephen R. Shalom, professor of political science at William Paterson University in New Jersey....
- Transformative economicsTransformative economicsTransformative economics is an alternative theory of socio-economics.Transformative economics was derived from Progressive Utilization Theory — a social philosophy developed by Indian philosopher Prabhat Ranjan Sarkar in 1959....
Articles in journals and books
"Inter-Regional Variations in the Degree of Inequality of Income Distribution: The United Kingdom", 1949-65 as P J Devine Journal of The Manchester School of Economic & Social Studies, 1969, vol. 37, issue 2, pages 141-59“Inflation and Marxist Theory”, Marxism Today, March, 1974, pp. 70–92. as P.Devine.
"Market Socialism or Participatory Planning?", Review of Radical Political Economics (1992)
“Socialist Renewal: Lessons from the ‘Calculation’ Debate”, Studies in Political Economy, 1994.(with Fikret Adaman).
“The Economic Calculation Debate: Lessons for socialists”, Cambridge Journal of Economics, 1996.(with Fikret Adaman)
“A Response to Professor Foss”, Studies in Political Economy, 1996 (with Fikret Adaman)
“On the Economic Theory of Socialism” , New Left Review, 1997. (with Fikret Adaman).
“The ‘Conflict Theory of Inflation” Revisited”, in Toporowski, J. (ed.), Political Economy and the New Capitalism, London: Routledge. 2000.
“A Response to Professor Hodgson”, Economy and Society, 2001. (with Fikret Adaman)
“Participatory Planning Through Negotiated Coordination”, Science and Society, 66(1):72-85. Special Issue: Building Socialism Theoretically. Alternatives to Capitalism and the Invisible Hand. Guest editor and multiple contributions.(2002): http://www.scienceandsociety.com/contents_spr02.html
"A Reconsideration of the Theory of Entrepreneurship: a participatory approach"
Review of Political Economy, 1465-3982, Volume 14, Issue 3, 2002, Pages 329 – 355 (with Fikret Adaman).
“Reinstituting the Economic Process: (Re)embedding the economy in society and nature”, International Review of Sociology, 2003. (with Fikret Adaman and Begüm Özkaynak)
“Whither Ecological Economics?,” International Journal of. Environment and Pollution, 2002 18 (4), 317-335 (with Dan Rigby and Begum Ozkaynak)
“Operationalising Strong Sustainability: Definitions,Methodologies and Outcomes,” Environmental Values, 13 (3), 279-303 (SSCI). (2004). (With Begum Ozkaynak, B, and Dan Rigby)
“The Promise of Participatory Planning: A Rejoinder to Hodgson”, Economy and Society, 35(1):141-7, 2006. (with Fikret Adaman.)
Books
"An Introduction to Industrial Economics", George Allen & Unwin Ltd., London, 1974 authors: PJ Devine, RM Jones, N. Lee, and WJ Tyson,"Democracy and economic planning: the political economy of a self- governing society", Cambridge: Polity Press, 1988. (as PJ Devine).
"Competitiveness, Subsidiarity and Industrial Policy". Editors: Pat J. Devine; Yannis S. Katsoulacos; Roger Sugden. 1996. ISBN 978-0-415-13985-4 (hardback)
"What On Earth Is To Be Done?" (Manchester, Red Green Study Group). Authors: P. Devine with T. Benton, N. Gotts, P. Hoggett, R. Kuper, E. Lieven, T. Martin, J. Morrissey, C. New, M. Prior, D. Purdy, R. Simon, D. Thompson, H. Wainwright (1995)
"Economy and Society: Money, Capitalism and Transition", co-edited with Fikret Adaman, Montreal: Blackrose, 2001.
"Feelbad Britain: How to Make it Better", Lawrence & Wishart Ltd, Mar 2009. editors: Pat Devine, Andrew Pearmain and David Purdy (Editor)
Book reviews:
"Parecon: Life After Capitalism", Historical Materialism (2007) 15:210-217, April 1, 2007.