Pat Devine

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Pat Devine is currently (2006) a professor of economics at Manchester University. He began his academic studies in economics at Balliol College, Oxford. The most significant influences on his economic thought were Karl Marx and the Marxian tradition, as well as the work of Karl Polanyi. His main areas of interest are industrial economics (joint author of An Introduction to Industrial Economics) and comparative economic systems (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.”

Several key ideas and intellectual engagements characterize Devine’s scholarly output. He has formulated one of the most thorough descriptions of a future economy with allocation by democratic planning and social ownership. The model is distinguished by its close attention to the specification of an array of social ownership rights. It is equally notable for the analytic distinction it posits between “market forces” and “market relations.” Another key aspect of Devine’s work has been a close reading of the economic calculation debate [1], and subsequent attempts to offer a serious response to the objections of the Austrian school of economic theory. In like manner, Devine’s work on the subject of “industrial planning” has in large part constituted an extended critique of the Austrian theory of entrepreneurship.

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Democracy and Economic Planning: The Political Economy of a Self-Governing Society. Contributors: Pat Devine - author. Publisher: Westview Press. Place of Publication: Boulder, CO. Publication Year: 1988