Beyond state capitalism: The commons economy in our lifetimes

In considering the essential problem of how to produce and distribute material wealth, virtually all of the great economists in Western history have ignored the significance of the commons—the shared resources of nature and society that people inherit, create and utilize. Despite sharp differences in concept and ideology, economic thinkers from Smith, Ricardo, and Marx to Keynes, Hayek, Mises and Schumpeter[Read More...]