>Could someone point me to an answer to this?
>
>Reading Z's _End Times_, and in his chapter about political economy,
>he mentions the three classical divisions of income: labor,
>capital, land ownership.
Huh? Land is not capital? Is that a reference to feudal economic relations? Surely land is not fundamentally different to other capital, part of the means of production.
>
>So what is a royalty? Is it a rent? Is an intellectual property a
>kind of capital? What kind of labor produces intellectual property?
Aren't royalties - like insurance premiums - a form of taxation, in the sense that payment is usually mandated by government regulation? ;-)
Bill Bartlett Bracknell Tas