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

Molly Scott Cato and Peter North

Review of Radical Political Economics, 2016, vol. 48, issue 1, 36-52

Abstract: 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 praxis.

Keywords: factors of production; commons; solidarity economy; social economy (search for similar items in EconPapers)
JEL-codes: B59 J80 P48 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:sae:reorpe:v:48:y:2016:i:1:p:36-52

DOI: 10.1177/0486613415586981

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