What is Counter-Economics?
The function of the pseudo-science of Establishment economics, even more than making predictions (like the Imperial Roman augurers) for the ruling class, is to mystify and confuse the ruled class as to where their wealth is going and how it is taken. An explanation of how people keep their wealth and property from the State is then Counter-Establishment economics, or Counter-Economics for short. The actual practice of human actions that evade, avoid and defy the State is counter-economic activity....
In short, a peaceful black market or underground economy is an example of counter-economics in practice.
I suggest that free market counter-economics, as a form of praxis, can benefit greatly from the venerable anarchist tradition of "alternative social institutions" or "social counter-power." A good summary of this can be found in the section of the Anarchist FAQ: "J5. What alternative social organizations do anarchists create?" It includes sections on rank and file-controlled labor unions, mutual banks and LETS, cooperatives, alternative schools, and mutual aid associations. This article by Brian Dominick on "dual power" strategy is also a good one. I also recommend Karl Hess' Community Technology for lots of examples of decentralized, bottom-up technology in action; if you want lots more of that sort of things, check out the Intermediate Technology Development Group and the utterly mind-blowing Appropriate Technology Sourcebook.
I attempted myself, in a post last March, to deal with the way these various forms of practice might dovetail together in creating an alternative economy--with the intention of gradually supplanting the state capitalist economy. The title, "Building the Structure of the New Society Within the Shell of the Old," comes from a Wobbly slogan; but the concept is a central one to most strains of the anarchist tradition.