Category:Commons Economics: Difference between revisions

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* See: [[Introduction to the P2P Foundation Wiki Material about Commons Economics]] ; and: [[Quotes on Commons Economics]]
 
Commons Economics is, simply, economics that involves what we understand as [[Commons]] in one way or another. This has been a much neglected aspect of economics as taught in traditional business schools,  which are often based on the assumptions of a capitalist economic system, and tends to ignore [[Commons]], perhaps because they cannot be bought or sold. In contrast to neoclassical and neoliberal economics, Commons Economics doesn't start with the scarcity paradigm, but with maintaining and growing abundance through mutualization and sharing resources, and it looks systematically for win-win strategies.
 
To understand this, see:
 
#[[Abundance Logic vs Scarcity Logic]]
#[[Abundance and the Generative Logic of the Commons]], a text by Roberto Verzola
 
Much of this material was originally brought together for a conference in Berlin in 2013, called [[ECC2013]], the [[Economics of the Commons Conference]].
 
 
==Key Concepts of This Category==
 
One key distinction is between digital commons and material commons. Much has been written about digital commons and the related economics. Digital, or intellectual, goods are by nature non-rival, and whether they are 'excludable' depends on [[Intellectual Property]] law. The commons movement is promoting various licenses to facilitate the sharing of knowledge, see for example: the [[Creative Commons]] licences; [[Copyleft]], [[Copyfarleft]] and [[Copyfair]].
 
An important distinction is between [[Rival vs Non Rival Goods]] (alternatively, "rivalrous").
 
At the P2P Foundation, we see an evolution from the original natural resource commons, as described by [[Elinor Ostrom]], to digital and knowledge commons, via urban commons that mutualize shared resources for urban citizens, and towards an emergent productive commons, which we call [[Cosmo-Localism]] or [[Cosmo-Localization]]. See our summary at: [[History and Evolution of the Commons]].
 
Like the P2P Foundation, some authors see Commons Economics as some kind of evolutionary development forward from capitalist economics, towards post-capitalist economics.  Among these, notably, is [[Kojin Karatani]], spelling out the [[Evolution of the Modes of Exchange]].
 
In practical terms, we see this expressing itself in the need for [[Cosmo-Localization]], i.e. a model of collaborative production that combines the subsidiarity of material production (pragmatic localization), ecological sustainability (producing within planetary boundaries), and social equity.
 
See for example, the emerging model of [[Multifactory Models for the Community Economy]].
 
The three characteristics of [[Library Socialism]], another name for [[Commons-Based Economics]] are:
 
# [[Complementarity]]
# [[Irreducible Minimum]]
# [[Usufruct]]
 
==Useful learning resources==
 
===Introductory===
* [[Rival vs Non Rival Goods]] ((see also: [[Wikipedia: Rivalry (economics)]]).
* Wikipedia has a useful page on digital commons economics - [[Wikipedia: Digital commons (economics)]].
* Our overview page on [[Abundance]]-related material
* Our page on [[Commons]] explains commons concepts more generally.
* The page [[Common Pool Resource]] goes into more detail about resources in a commons economy.
 
===Deeper Study===
 
* [[Common as a Mode of Production]] by Carlo Vercellone
* [[Five Framing Conditions for a Commons-Oriented Economy]]
* The '[[Circulation of the Common]]' = Analytical concept proposed by Nick Dyer-Witheford in a landmark essay of the same title.. It refers to the social reproduction mechanism of Peer Production, in a process analogous with the Circulation of Capital described by Marx.
* Whitepaper: [[From Monocapitalism to Multicapitalism]]: 21st Century System Value Creation. By Bill Baue. R3.0, 2020
[https://www.r3-0.org/wp-content/uploads/2020/12/r3-0-White-Paper-1-2020-From-Monocapitalism-to-Multicapitalism.pdf]
 
===Material by the P2P Foundation===
 
* [[Value in the Commons Economy]]: report by [[Michel Bauwens]] and [[Vasilis Niaros]]
* [[P2P Accounting for Planetary Survival]] describes the infrastructure we will need for developing commons economics
* [[Introduction to Commons Economics]]
 
==Visualization==
 
Source: [https://www.linkedin.com/pulse/big-sustainability-illusion-how-escape-esg-bubble-finally-thurm/ The Big Sustainability Illusion]
 
{| class="wikitable"
|+ Source: [https://r3dot0.medium.com/moving-forward-in-the-corona-context-what-to-let-go-what-to-pick-up-3eda49a8a6b6 r3.0]
|-
! Let Go
! Pick Up
|-
| [https://en.wikipedia.org/wiki/Globalization Globalization]
| [https://capitalinstitute.org/regenerative-communities/ Bioregionalism]
|-
| [https://hbr.org/1985/07/how-information-gives-you-competitive-advantage Value Chains] 
| [https://www.r3-0.org/blueprint-7-value-cycle/ Value Cycles]
|-
| [https://www.ellenmacarthurfoundation.org/circular-economy/concept Circular Economy] 
| [https://www.r3-0.org/blueprint-7-value-cycle/ Cyclical Economy]
|-
| [https://en.wikipedia.org/wiki/Just-in-time_manufacturing Just-in-Time] 
| [https://www.ted.com/talks/margaret_heffernan_the_human_skills_we_need_in_an_unpredictable_world/transcript?language=en Just-in-Case]
|-
| [https://en.wikipedia.org/wiki/Efficiency Efficiency] 
| [https://www.stockholmresilience.org/research/research-news/2015-02-19-what-is-resilience.html Resilience]
|-
| [https://en.wikipedia.org/wiki/Capitalism Monocapitalism] 
| [https://www.r3-0.org/testlabsresearch/#iirc Multicapitalism]
|-
| [https://en.wikipedia.org/wiki/Homo_economicus Homo Economicus] 
| [https://www.kateraworth.com/doughnut/ Doughnut Economics]
|-
| [https://en.wikipedia.org/wiki/Donald_Trump Self-Interest] 
| [https://www.jstor.org/stable/pdf/10.1086/522809.pdf Altruism]
|-
| [https://www.ipe.com/long-term-matters-time-to-shit-or-get-off-the-esg-pot/10034186.article ESG] & [https://medium.com/@r3dot0/the-need-for-corporate-transformation-in-an-era-of-system-change-885dc5343d4b CSR] 
| [https://en.wikipedia.org/wiki/Context-Based_Sustainability (Context-Based) Sustainability]
|-
| [https://en.wikipedia.org/wiki/Capitalism Degeneration] 
| [https://capitalinstitute.org/8-principles-regenerative-economy/ Regeneration]
|-
| Degeneration
| Regeneration
|-
| [https://en.wikipedia.org/wiki/Stakeholder_theory Stakeholders] 
| [https://medium.com/@r3dot0/from-shareholders-to-stakeholders-to-rightsholders-why-the-shift-40dc66d239cd Rightsholders]
|-
| Consolidation
| Distribution
|-
| [https://en.wikipedia.org/wiki/Invisible_hand Invisible Hand] 
| [https://www.thegef.org/news/how-share-out-world-s-resource-pie-sustainably Invisible Band]
|-
| [https://en.wikipedia.org/wiki/Supply_and_demand Supply & Demand] 
| [https://www.r3-0.org/gtac/ Thresholds & Allocations]
|-
| [https://grist.org/article/discount-rates-a-boring-thing-you-should-know-about-with-otters/ Social Discount Rates] 
| [https://en.wikipedia.org/wiki/Brundtland_Commission#Modern_definition_of_sustainable_development Intergenerational Equity]
|-
| [https://www.wbcsd.org/Programs/Redefining-Value/Business-Decision-Making/Assess-and-Manage-Performance/News/Leading-companies-share-experiences-and-recommendations-on-impact-valuation Impact Valuation] 
| [https://medium.com/@r3dot0/how-can-investors-help-create-system-value-2862abb54557 System Value]
|-
| [https://en.wikipedia.org/wiki/Modern_Monetary_Theory Monetary Debt] 
| [https://economicdemocracyadvocates.org/2019/12/02/will-green-growth-innovation-save-modern-civilization/ Ecological Debt]
|-
| [https://en.wikipedia.org/wiki/Unemployment Unemployment] 
| [https://en.wikipedia.org/wiki/Basic_income Universal Basic Income]
|-
| [https://en.wikipedia.org/wiki/Income_tax Income Tax] 
| [https://en.wikipedia.org/wiki/Wealth_tax Wealth Tax]
|-
| [https://en.wikipedia.org/wiki/Reductionism Reductionism]
| [https://en.wikipedia.org/wiki/Holism Holism]
|}
 
"to-do-list that data & information needs to contribute to:"<br />
[[File:Sustainability-to-do.png|800px]]
 
==Related Categories==
 
* [[:Category: IP]] stands for Intellectual Property. [[:Category: Free Software]] is a means to produce freely shareable software, and is enabled by different P2P Licences - see our [[:Category: Licensing]]
 
* What pricing is for the market, and planning is for state-driven economies, so is mutual coordination for commons economics, see: [[:Category: Mutual Coordination]]
 
* [[:Category: P2P Accounting]] tells us how to account for value in contribution-based systems
 
[[Category:Commons]]
[[Category:Economics]]

Latest revision as of 08:11, 26 January 2024

Commons Economics is, simply, economics that involves what we understand as Commons in one way or another. This has been a much neglected aspect of economics as taught in traditional business schools, which are often based on the assumptions of a capitalist economic system, and tends to ignore Commons, perhaps because they cannot be bought or sold. In contrast to neoclassical and neoliberal economics, Commons Economics doesn't start with the scarcity paradigm, but with maintaining and growing abundance through mutualization and sharing resources, and it looks systematically for win-win strategies.

To understand this, see:

  1. Abundance Logic vs Scarcity Logic
  2. Abundance and the Generative Logic of the Commons, a text by Roberto Verzola

Much of this material was originally brought together for a conference in Berlin in 2013, called ECC2013, the Economics of the Commons Conference.


Key Concepts of This Category

One key distinction is between digital commons and material commons. Much has been written about digital commons and the related economics. Digital, or intellectual, goods are by nature non-rival, and whether they are 'excludable' depends on Intellectual Property law. The commons movement is promoting various licenses to facilitate the sharing of knowledge, see for example: the Creative Commons licences; Copyleft, Copyfarleft and Copyfair.

An important distinction is between Rival vs Non Rival Goods (alternatively, "rivalrous").

At the P2P Foundation, we see an evolution from the original natural resource commons, as described by Elinor Ostrom, to digital and knowledge commons, via urban commons that mutualize shared resources for urban citizens, and towards an emergent productive commons, which we call Cosmo-Localism or Cosmo-Localization. See our summary at: History and Evolution of the Commons.

Like the P2P Foundation, some authors see Commons Economics as some kind of evolutionary development forward from capitalist economics, towards post-capitalist economics. Among these, notably, is Kojin Karatani, spelling out the Evolution of the Modes of Exchange.

In practical terms, we see this expressing itself in the need for Cosmo-Localization, i.e. a model of collaborative production that combines the subsidiarity of material production (pragmatic localization), ecological sustainability (producing within planetary boundaries), and social equity.

See for example, the emerging model of Multifactory Models for the Community Economy.

The three characteristics of Library Socialism, another name for Commons-Based Economics are:

  1. Complementarity
  2. Irreducible Minimum
  3. Usufruct

Useful learning resources

Introductory

Deeper Study

[1]

Material by the P2P Foundation

Visualization

Source: The Big Sustainability Illusion

Source: r3.0
Let Go Pick Up
Globalization Bioregionalism
Value Chains Value Cycles
Circular Economy Cyclical Economy
Just-in-Time Just-in-Case
Efficiency Resilience
Monocapitalism Multicapitalism
Homo Economicus Doughnut Economics
Self-Interest Altruism
ESG & CSR (Context-Based) Sustainability
Degeneration Regeneration
Degeneration Regeneration
Stakeholders Rightsholders
Consolidation Distribution
Invisible Hand Invisible Band
Supply & Demand Thresholds & Allocations
Social Discount Rates Intergenerational Equity
Impact Valuation System Value
Monetary Debt Ecological Debt
Unemployment Universal Basic Income
Income Tax Wealth Tax
Reductionism Holism

"to-do-list that data & information needs to contribute to:"

Related Categories

  • What pricing is for the market, and planning is for state-driven economies, so is mutual coordination for commons economics, see: Category: Mutual Coordination

Subcategories

This category has only the following subcategory.

E

Pages in category "Commons Economics"

The following 200 pages are in this category, out of 900 total.

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1

3

9

A

B

C

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