Self-sufficiency Economy
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Self-sufficiency Economy
Autarky is the characteristic of self-sufficiency, usually applied to societies, communities, states, and their economic systems. Autarky as an ideal or method has been embraced by a wide range of political ideologies and movements, especially left-wing ideologies like African socialism, mutualism, war communism, communalism, swadeshi, syndicalism (especially anarcho-syndicalism), and left-wing populism, generally in an effort to build alternative economic structures or to control resources against structures a particular movement views as hostile. Conservative, centrist and nationalist movements have also adopted autarky in an attempt to preserve part of an existing social order or to develop a particular industry. Proponents of autarky have argued for national self-sufficiency to reduce foreign economic, political and cultural influences, as well as to promote international peace. Economists are generally supportive of free trade. There is a broad consensus among economists ...
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Self-sufficiency
Self-sustainability and self-sufficiency are overlapping states of being in which a person or organization needs little or no help from, or interaction with, others. Self-sufficiency entails the self being enough (to fulfill needs), and a self-sustaining entity can maintain self-sufficiency indefinitely. These states represent types of personal or collective autonomy. A self-sufficient economy is one that requires little or no trade with the outside world and is called an autarky. Description Self-sustainability is a type of sustainable living in which nothing is consumed other than what is produced by the self-sufficient individuals. Examples of attempts at self-sufficiency in North America include simple living, food storage, homesteading, off-the-grid, survivalism, DIY ethic, and the back-to-the-land movement. Practices that enable or aid self-sustainability include autonomous building, permaculture, sustainable agriculture, and renewable energy. The term is also applied ...
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William Poole (economist)
William Poole (born June 19, 1937) was the eleventh chief executive of the Federal Reserve Bank of St. Louis. He took office on March 23, 1998 and began serving his full term on March 1, 2001. In 2007, he served as a voting member of the Federal Open Market Committee, bringing his District's perspective to policy discussions in Washington. Poole stepped down from the Fed on March 31, 2008. Poole is Senior Fellow at the Cato Institute, Senior Advisor to Merk Investments and, as of fall 2008, Distinguished Scholar in Residence at the University of Delaware. Biography Poole was born on June 19, 1937, in Wilmington, Delaware. He received an A.B. degree in 1959 from Swarthmore College and an M.B.A. in 1963 and a Ph.D. in economics in 1966, both from the University of Chicago. Swarthmore honored him with a Doctor of Laws degree in 1989. Poole began his career at the Board of Governors of the Federal Reserve System in 1964 and worked as a senior economist there from 1969 to 1974. In 197 ...
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Bronze Age
The Bronze Age is a historic period, lasting approximately from 3300 BC to 1200 BC, characterized by the use of bronze, the presence of writing in some areas, and other early features of urban civilization. The Bronze Age is the second principal period of the three-age system proposed in 1836 by Christian Jürgensen Thomsen for classifying and studying ancient societies and history. An ancient civilization is deemed to be part of the Bronze Age because it either produced bronze by smelting its own copper and alloying it with tin, arsenic, or other metals, or traded other items for bronze from production areas elsewhere. Bronze is harder and more durable than the other metals available at the time, allowing Bronze Age civilizations to gain a technological advantage. While terrestrial iron is naturally abundant, the higher temperature required for smelting, , in addition to the greater difficulty of working with the metal, placed it out of reach of common use until the end o ...
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Palace Economy
A palace economy or redistribution economy is a system of economic organization in which a substantial share of the wealth flows into the control of a centralized administration, the palace, and out from there to the general population. In turn the population may be allowed its own sources of income but relies heavily on the wealth distributed by the palace. It was traditionally justified on the principle that the palace was most capable of distributing wealth efficiently for the benefit of society. The temple economy (or temple-state economy) is a similar concept. The concept of economic distribution is at least as old as the advent of the pharaohs. Anthropologists have noted many such systems, from those of tribesmen engaged in common subsistence economies of various sorts to complex civilizations, such as that of the Inca Empire, which assigned segments of the economy to specific villages. The essence of the idea is that a central administration plans production, assign ...
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Nomadic Pastoralism
Nomadic pastoralism is a form of pastoralism in which livestock are herded in order to seek for fresh pastures on which to graze. True nomads follow an irregular pattern of movement, in contrast with transhumance, where seasonal pastures are fixed. However, this distinction is often not observed and the term 'nomad' used for both—and in historical cases the regularity of movements is often unknown in any case. The herded livestock include cattle, water buffalo, yaks, llamas, sheep, goats, reindeer, horses, donkeys or camels, or mixtures of species. Nomadic pastoralism is commonly practised in regions with little arable land, typically in the developing world, especially in the steppe lands north of the agricultural zone of Eurasia. Of the estimated 30–40 million nomadic pastoralists worldwide, most are found in central Asia and the Sahel region of North and West Africa, such as Fulani, Tuaregs, and Toubou, with some also in the Middle East, such as traditionally Bedouins, ...
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Aponia
"Aponia" ( grc, ἀπονία) means the absence of pain, and was regarded by the Epicureans to be the height of bodily pleasure. As with the other Hellenistic schools of philosophy, the Epicureans believed that the goal of human life is happiness. The Epicureans defined pleasure as the absence of pain (mental and physical), and hence pleasure can only increase until the point in which pain is absent. Beyond this, pleasure cannot increase further, and indeed one cannot rationally seek bodily pleasure beyond the state of ''aponia''. For Epicurus, ''aponia'' was one of the static (''katastematic'') pleasures,Diogenes Laërtius, x. 136 that is, a pleasure one has when there is no want or pain to be removed. To achieve such a state, one has to experience kinetic pleasures, that is, a pleasure one has when want or pain is being removed. See also * Apatheia * Ataraxia ''Ataraxia'' (Greek: ἀταραξία, from ("a-", negation) and ''tarachē'' "disturbance, trouble"; hence, "unpe ...
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Epicureanism
Epicureanism is a system of philosophy founded around 307 BC based upon the teachings of the ancient Greek philosopher Epicurus. Epicureanism was originally a challenge to Platonism. Later its main opponent became Stoicism. Few writings by Epicurus have survived. However, there are independent attestations of his ideas from his later disciples. Some scholars consider the epic poem ''De rerum natura'' (Latin for ''On the Nature of Things'') by Lucretius to present in one unified work the core arguments and theories of Epicureanism. Many of the scrolls unearthed at the Villa of the Papyri at Herculaneum are Epicurean texts. At least some are thought to have belonged to the Epicurean philosopher Philodemus. Epicurus also had a wealthy 2nd-century AD disciple, Diogenes of Oenoanda, who had a portico wall inscribed with tenets of the philosophy erected in Oenoanda, Lycia (present day Turkey). Epicurus was an atomic materialist, following in the steps of Democritus. His materialis ...
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Virtue
Virtue ( la, virtus) is moral excellence. A virtue is a trait or quality that is deemed to be morally good and thus is valued as a foundation of principle and good moral being. In other words, it is a behavior that shows high moral standards: doing what is right and avoiding what is wrong. The opposite of virtue is vice. Other examples of this notion include the concept of merit in Asian traditions as well as '' De'' (Chinese 德). Buddhism's four brahmavihara ("Divine States") can be regarded as virtues in the European sense. Etymology The ancient Romans used the Latin word ''virtus'' (derived from ''vir'', their word for ''man'') to refer to all of the "excellent qualities of men, including physical strength, valorous conduct, and moral rectitude." The French words ''vertu'' and ''virtu'' came from this Latin root. In the 13th century, the word ''virtue'' was "borrowed into English". Ancient Egypt Maat (or Ma'at) was the ancient Egyptian goddess of truth, balance, orde ...
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Sage (philosophy)
A sage ( grc, σοφός, ''sophos''), in classical philosophy, is someone who has attained wisdom. The term has also been used interchangeably with a 'good person' ( grc, ἀγαθός, ''agathos''), and a 'virtuous person' ( grc, σπουδαῖος, ''spoudaios''). Among the earliest accounts of the sage begin with Empedocles' ''Sphairos''. Horace describes the ''Sphairos'' as "Completely within itself, well-rounded and spherical, so that nothing extraneous can adhere to it, because of its smooth and polished surface."Pierre Hadot (1998).''The Inner Citadel'', trans. Michael Chase. Harvard University Press, p. 119 Alternatively, the sage is one who lives "according to an ideal which transcends the everyday." Several of the schools of Hellenistic philosophy have the sage as a featured figure. Karl Ludwig Michelet wrote that "Greek religion culminated with its true god, the sage"; Pierre Hadot develops this idea, stating that "the moment philosophers achieve a rational conception ...
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Stoicism
Stoicism is a school of Hellenistic philosophy founded by Zeno of Citium in Athens in the early 3rd century Common Era, BCE. It is a philosophy of personal virtue ethics informed by its system of logic and its views on the natural world, asserting that the practice of virtue is both necessary and sufficient to achieve Eudaimonia, (happiness, ): one flourishes by living an Ethics, ethical life. The Stoics identified the path to with a life spent practicing the cardinal virtues and living in accordance with nature. The Stoics are especially known for teaching that "virtue is the only good" for human beings, and that external things, such as health, wealth, and pleasure, are not good or called in themselves (''adiaphora'') but have value as "material for virtue to act upon". Alongside Aristotelian ethics, the Stoic tradition forms one of the major founding approaches to virtue ethics. The Stoics also held that certain destructive emotions resulted from errors of judgment, and th ...
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Oxford English Dictionary
The ''Oxford English Dictionary'' (''OED'') is the first and foundational historical dictionary of the English language, published by Oxford University Press (OUP). It traces the historical development of the English language, providing a comprehensive resource to scholars and academic researchers, as well as describing usage in its many variations throughout the world. Work began on the dictionary in 1857, but it was only in 1884 that it began to be published in unbound fascicles as work continued on the project, under the name of ''A New English Dictionary on Historical Principles; Founded Mainly on the Materials Collected by The Philological Society''. In 1895, the title ''The Oxford English Dictionary'' was first used unofficially on the covers of the series, and in 1928 the full dictionary was republished in 10 bound volumes. In 1933, the title ''The Oxford English Dictionary'' fully replaced the former name in all occurrences in its reprinting as 12 volumes with a one-v ...
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Lexico
Lexico was a dictionary website that provided a collection of English and Spanish dictionaries produced by Oxford University Press (OUP), the publishing house of the University of Oxford. While the dictionary content on Lexico came from OUP, this website was operated by Dictionary.com, whose eponymous website hosts dictionaries by other publishers such as Random House. The website was closed and redirected to Dictionary.com on 26 August 2022. Before the Lexico site was launched, the '' Oxford Dictionary of English'' and ''New Oxford American Dictionary'' were hosted by OUP's own website Oxford Dictionaries Online (ODO), later known as Oxford Living Dictionaries. The dictionaries' definitions have also appeared in Google definition search and the Dictionary application on macOS, among others, licensed through the Oxford Dictionaries API. History In the 2000s, OUP allowed access to content of the ''Compact Oxford English Dictionary of Current English'' on a website called AskOx ...
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