Pat Devine

Pat Devine is a radical socialist economist known for his expertise in industrial economics and comparative economic systems. He has made significant contributions to the understanding of a future post-capitalistic economy based on social ownership of the means of production. Devine has proposed a decentralized participatory economic planning system called negotiated coordination, where those at the local level have a say in the allocation of consumer and capital goods. His work also includes a detailed analysis of the economic calculation debate and responses to objections raised by the Austrian school of economic theory. Devine's research on industrial planning primarily focuses on critiquing Austrian theories.