19.3. A Historical Perspective
To answer those questions, allow me to use the language of economics, that most maligned of sciences, which still has a lot to offer in this debate. Economics handbooks give a short and interesting definition of what business is about. This definition goes as follows: "Business is about the production of goods and services by combining three production factors—land and natural resources, capital, and labor."
Unfortunately, economics textbooks rarely show that over long periods of time, these three production factors do not carry the same weight in the process of producing goods and services. So let us allow historians into the debate. From their books, it becomes clear that in early or pre-medieval times land was ...
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