Rethinking the Factors of Production for a World of Common Ownership and Sustainability

The classical economists bequeathed us an understanding of the nature of economies in terms of three factors of production: land, labor, and capital. If we are to transcend the unsustainable and inequitable economy we live with today, an intellectual reinterpretation of these three factors is a vital first step. In this paper we provide such a liberating reinterpretation with examples from European and Latin American...