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I = S - M

The modern way of thinking about economics has been I = M - S Where I is the I as in me, M is what is 'mine' and S is what ...

4/15/11

Modern economics says, make sure property rights are well-defined and free markets work great.

We reject property rights and replace them with trusteeship. The idea is that none of us can own nature-given resources or the fruits of the labor of so many. We can only act as trustees and thus act in the interests of everyone in society.

We do not accept property rights and so we do not accept free markets.




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