It's taken several  weeks, but I think I've found someone who gives a brand new insight into economics, at this critical moment, and with his emphasis on creative commons, land aswell as capital and labour, and issues such as copyright and copyleft.  is beginning to define economics as we know and experience it in this wired up, but concrete world

Still struggling to grasp some of the concepts. But here's an essay on Towards the Economics of Common Sense

"Factors of Production
Neo-Classical Economists in particular define Labour and Capital as the only Factors of Production, and take the anthropocentric view that the Sun of Capital orbits the Earth of Labour....

However, if we go back into Economic History, we will see that there were previously three Factors of Production posited: Land, Labour and Capital. The reason for the conflation of Land and Capital - which Mason Gaffney describes as the Corruption of Economics - was the imperative need of the rich and privileged to discredit the ideas of the great US political economist Henry George.

Gaffney makes a very convincing case for Neo-Classical Economics as a Strategem against Henry George and the strategem was indeed successful in airbrushing both George -and his concept of a Single Tax on the use value of Land/Location - from Economic History.

The result of the development of Economics in the last 100 years or so has been to develop a bastard strain of Economics one of the principal purposes of which has been to justify the taxation of earned income - Labour, rather than the unearned income arising out of economic rents derived purely from the unearned privilege of private property in Commons such as Land.

The other principal purpose of Economics has been to rationalise the current system of Finance Capital, consisting of the Twin Peaks of Debt and Equity. Firstly, a monetary system based upon the creation of credit by credit institutions aka banks which has virtually no basis on the productive economy, and secondly, a system of absolute property rights - in particular the form of financial capital consisting of shares in a Joint Stock Limited Liability Corporation.

As Professor Michael Hudson has brilliantly demonstrated, the combination of compound interest on debt, and private property in land, has for thousands of years concentrated wealth in the hands of the few to the exclusion of the many. We are in the process of learning once again that this combination is simply unsustainable, and the brilliance of Alan Greenspan’s recent tenure at the US Federal Reserve Bank has been to bring forward this collapse by perhaps ten years"

Many other great entries on this blog about partnerships and the false opposition of private and public property, but if you thought economics was only relevant to you as a disaster, this blog is a great beginning to see economics in a whole new light