I'm building an open-source ERP system because I think I can do some things better than the current state-of-the-art. I've went with open-source because I've been frustrated in the past when things aren't "fixable".
I'm hoping that it becomes both very good, and very useful to people. I'd also like to make money from it somehow.
What license do you recommend? I don't know much about licenses. My current best guess is AGPL v3. But I see a lot of projects I respect using MIT.
The space is currently dominated by big players like SAP, Oracle, and Microsoft. There are other open-source solutions like Odoo (LGPLv3) and ERPNext (GPLv3)
Here is a link to the project: https://github.com/barbinbrad/carbon
In my opinion, permissive licenses such as MIT, BSD, and Apache are best for libraries. A library is not the final product, but is a helpful tool that could be of benefit to many different projects. It can encourage participation for many different sources, including commercial.
A copyleft license, such as anything in the GPL family, is better for a final product in order to keep people from copying the product wholesale and passing it off as their own work. The AGPL is probably the strictest license possible in this domain. A copy left license discourages commercial participation in many circumstances, although not all. The Linux kernel, for example, is GPL version 2, but does benefit from commercial contribution.
For philosophical reasons, some people will say that you should only ever use a copyleft license, regardless of the subject matter. They do this because they believe that everything should be copyleft, and copyleft licenses are infectious. That is, the inclusion of a copyleft piece of code forces all of the code to be copyleft and subject to the distribution requirements. It may also invalidate software patents which, again, some people are strictly opposed to, and therefore they will only recommend copyleft licenses.
There's a lot of nuances to the different licenses, and the license is often reflect philosophical and political beliefs. For me, personally, I have released my code as MIT, which I greatly favor, however I have also written gpl'd libraries for something like drupal because that was the only option as Drupal itself was gpl.