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Natural Economy
Natural economy is a type of economy in which money is not used in the transfer of resources among people. It is a system of allocating resources through direct bartering, entitlement by law, or sharing out according to traditional custom. In the more complex forms of natural economy, some goods may act as a referent for fair bartering, but generally currency plays only a small role in allocating resources. As a corollary, the majority of goods produced in a system of natural economy are not produced for the purpose of exchanging them, but for direct consumption by the producers (subsistence). As such, natural economies tend to be self-contained, where all the goods consumed are produced domestically. The term has often been used in opposition to other forms of economy, most notably capitalism. Rosa Luxemburg believed that the destruction of the natural economy was a necessary condition for the development of capitalism. Karl Marx described the Inca Empire as a natural economy bec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bartering
In trade, barter (derived from ''baretor'') is a system of exchange in which participants in a transaction directly exchange goods or services for other goods or services without using a medium of exchange, such as money. Economists distinguish barter from gift economies in many ways; barter, for example, features immediate reciprocal exchange, not one delayed in time. Barter usually takes place on a bilateral basis, but may be multilateral (if it is mediated through a trade exchange). In most developed countries, barter usually exists parallel to monetary systems only to a very limited extent. Market actors use barter as a replacement for money as the method of exchange in times of monetary crisis, such as when currency becomes unstable (such as hyperinflation or a deflationary spiral) or simply unavailable for conducting commerce. No ethnographic studies have shown that any present or past society has used barter without any other medium of exchange or measurement, and an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsistence
A subsistence economy is an economy directed to basic subsistence (the provision of food, clothing, shelter) rather than to the market. Henceforth, "subsistence" is understood as supporting oneself at a minimum level. Often, the subsistence economy is moneyless and relies on natural resources to provide for basic needs through hunting, gathering, and agriculture. In a subsistence economy, economic surplus is minimal and only used to trade for basic goods, and there is no industrialization. In hunting and gathering societies, resources are often if not typically underused. In human history, before the first cities, all humans lived in a subsistence economy. As urbanization, civilization, and division of labor spread, various societies moved to other economic systems at various times. Some remain relatively unchanged, ranging from uncontacted peoples, to marginalized areas of developing countries, to some cultures that choose to retain a traditional economy. Capital can be gener ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rosa Luxemburg
Rosa Luxemburg (; ; pl, Róża Luksemburg or ; 5 March 1871 – 15 January 1919) was a Polish and naturalised-German revolutionary socialist, Marxist philosopher and anti-war activist. Successively, she was a member of the Proletariat party, the Social Democracy of the Kingdom of Poland and Lithuania (SDKPiL), the Social Democratic Party of Germany (SPD), the Independent Social Democratic Party (USPD), the Spartacus League (), and the Communist Party of Germany (KPD). Born and raised in an assimilated Jewish family in Poland, she became a German citizen in 1897. After the SPD supported German involvement in World War I in 1915, Luxemburg and Karl Liebknecht co-founded the anti-war Spartacus League () which eventually became the KPD. During the November Revolution, she co-founded the newspaper (''The Red Flag''), the central organ of the Spartacist movement. Luxemburg considered the Spartacist uprising of January 1919 a blunder, but supported the attempted overthrow of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Karl Marx
Karl Heinrich Marx (; 5 May 1818 – 14 March 1883) was a German philosopher, economist, historian, sociologist, political theorist, journalist, critic of political economy, and socialist revolutionary. His best-known titles are the 1848 pamphlet ''The Communist Manifesto'' and the four-volume (1867–1883). Marx's political and philosophical thought had enormous influence on subsequent intellectual, economic, and political history. His name has been used as an adjective, a noun, and a school of social theory. Born in Trier, Germany, Marx studied law and philosophy at the universities of Bonn and Berlin. He married German theatre critic and political activist Jenny von Westphalen in 1843. Due to his political publications, Marx became stateless and lived in exile with his wife and children in London for decades, where he continued to develop his thought in collaboration with German philosopher Friedrich Engels and publish his writings, researching in the British Mus ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Inca Empire
The Inca Empire (also known as the Incan Empire and the Inka Empire), called ''Tawantinsuyu'' by its subjects, (Quechua for the "Realm of the Four Parts", "four parts together" ) was the largest empire in pre-Columbian America. The administrative, political and military center of the empire was in the city of Cusco. The Inca civilization arose from the Peruvian highlands sometime in the early 13th century. The Spanish began the conquest of the Inca Empire in 1532 and by 1572, the last Inca state was fully conquered. From 1438 to 1533, the Incas incorporated a large portion of western South America, centered on the Andean Mountains, using conquest and peaceful assimilation, among other methods. At its largest, the empire joined modern-day Peru, what are now western Ecuador, western and south central Bolivia, northwest Argentina, the southwesternmost tip of Colombia and a large portion of modern-day Chile, and into a state comparable to the historical empires of Eurasia ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Henri Pirenne
Henri Pirenne (; 23 December 1862 – 24 October 1935) was a Belgian historian. A medievalist of Walloon descent, he wrote a multivolume history of Belgium in French and became a prominent public intellectual. Pirenne made a lasting contribution to the study of cities that was a controversial interpretation of the end of Roman civilization and the rebirth of medieval urban culture. He also became prominent in the nonviolent resistance to the Germans who occupied Belgium in World War I. Henri Pirenne's reputation today rests on three contributions to European history: for what has become known as the Pirenne Thesis, concerning origins of the Middle Ages in reactive state formation and shifts in trade; for a distinctive view of Belgium's medieval history; and for his model of the development of the medieval city. Pirenne argued that profound social, economic, cultural, and religious movements in the long term resulted from equally profound underlying causes, and this attitude ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Middle Ages
In the history of Europe, the Middle Ages or medieval period lasted approximately from the late 5th to the late 15th centuries, similar to the post-classical period of global history. It began with the fall of the Western Roman Empire and transitioned into the Renaissance and the Age of Discovery. The Middle Ages is the middle period of the three traditional divisions of Western history: classical antiquity, the medieval period, and the modern period. The medieval period is itself subdivided into the Early, High, and Late Middle Ages. Population decline, counterurbanisation, the collapse of centralized authority, invasions, and mass migrations of tribes, which had begun in late antiquity, continued into the Early Middle Ages. The large-scale movements of the Migration Period, including various Germanic peoples, formed new kingdoms in what remained of the Western Roman Empire. In the 7th century, North Africa and the Middle East—most recently part of the Eastern Ro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Calculation In Kind
__NOTOC__ Calculation in kind or calculation in-natura is a way of valuating resources and a system of accounting that uses disaggregated physical magnitudes as opposed to a common unit of calculation. As the basis for a socialist economy, it was proposed to replace money and financial calculation. Calculation in kind would value each commodity based on its utility, for purposes of economic accounting. By contrast, in money-based economies, a commodity's value includes an exchange value. Calculation in kind would quantify the utility of an object ''directly'' without recourse to a general unit of calculation. This differs from other proposed methods of socialist calculation, such as Taylor-Lange accounting prices, and the use of labor time as a measure of cost. Calculation in kind was strongly advocated by the positivist philosopher and political economist Otto Neurath when employed by the Bavarian Soviet Republic. This led to a discussion in the early 1920s, in which much of t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gift Economy
A gift economy or gift culture is a system of exchange where valuables are not sold, but rather given without an explicit agreement for immediate or future rewards. Social norms and customs govern giving a gift in a gift culture; although there is some expectation of reciprocity, gifts are not given in an explicit exchange of goods or services for money, or some other commodity or service.R. Kranton: ''Reciprocal exchange: a self-sustaining system'', American Economic Review, V. 86 (1996), Issue 4 (September), pp. 830–851 This contrasts with a barter economy or a market economy, where goods and services are primarily explicitly exchanged for value received. The nature of gift economies is the subject of a foundational debate in anthropology. Anthropological research into gift economies began with Bronisław Malinowski's description of the Kula ring in the Trobriand Islands during World War I. The Kula trade appeared to be gift-like since Trobrianders would travel great distance ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Resource Based Economy
A resource-based or natural-resource-based economy is that of a country whose gross national product or gross domestic product to a large extent comes from natural resources. Examples The economies of Gulf Cooperation Council (GCC) countries like Saudi Arabia, Kuwait and Qatar are highly dependent on exporting oil and gas. Suriname's exports of bauxite account for more than 15% of GDP and 70% of export earnings. Of Russian exports, more than 80% are oil, natural gas, metals and timber. Since Russia has a resource-based economy, it depends most of all on the fluctuations of oil and gas demand and prices. Norway's export of oil and gas forms 45% of total exports and more than 20% of the GDP. p.60 See also * Natural resource economics References Bibliography * Barry C.Field (2000), Natural Resource Economics, McGraw-Hill. . * Thomas H. Tietenberg (1988), Environmental and Natural Resource Economics, Scott-Foresman. . * Philip A. Neher (1990), Natural Resource Economics: C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsistence Economy
A subsistence economy is an economy directed to basic subsistence (the provision of food, clothing, shelter) rather than to the market. Henceforth, "subsistence" is understood as supporting oneself at a minimum level. Often, the subsistence economy is moneyless and relies on natural resources to provide for basic needs through hunting, gathering, and agriculture. In a subsistence economy, economic surplus is minimal and only used to trade for basic goods, and there is no industrialization. In hunting and gathering societies, resources are often if not typically underused. In human history, before the first cities, all humans lived in a subsistence economy. As urbanization, civilization, and division of labor spread, various societies moved to other economic systems at various times. Some remain relatively unchanged, ranging from uncontacted peoples, to marginalized areas of developing countries, to some cultures that choose to retain a traditional economy. Capital can be gene ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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