Our society is coming to the conclusion that the current economic system does not function satisfactorily. Inequality is reaching intolerable levels. From many different directions (Piketty, Trump, Warren, AOC, etc) people are demanding fundamental changes in the economic structure of society. There’s little agreement on the precise nature of the preferred change, but we all know that there must be big changes to our economic system.

A Little History

Let’s get back to basics. Hunter-gatherer societies tens of thousands of years ago had no economies to…