autarchy etymology

Etymology

• Greek: autós ("self") + arké ("rule")

Meaning and Origin

Autarchy refers to a system or policy in which a country or region strives to become economically self-sufficient by producing within its borders as many of the goods and services needed by its citizens as possible. The term was first used in the 19th century by the French economist Frédéric Bastiat, who advocated for free trade and opposed protectionist policies that promoted autarchy.

In practice, autarchy has often been pursued by countries during times of war or economic crisis, when international trade is disrupted or considered risky. However, achieving true autarchy is extremely difficult, as every country has comparative advantages in producing certain goods and services over others.

Historical Examples

• Ancient Greece: Some Greek city-states attempted to achieve autarchy by establishing colonies to secure access to vital resources.
• Medieval China: The Song Dynasty (960-1279) pursued a policy of autarchy, emphasizing domestic production and limiting foreign trade.
• World War II: Many countries, including Germany and Japan, adopted autarchic policies to reduce their dependence on imported goods.
• North Korea: North Korea has a longstanding policy of juche ("self-reliance"), which involves a high degree of autarchy and a focus on domestic production.

Criticisms of Autarchy

Critics of autarchy argue that it:

• Leads to higher prices and reduced choice for consumers
• Stifles innovation and competition
• Weakens national competitiveness in the global economy
• Can lead to isolation and tension with other countries

Conclusion

Autarchy is a complex and often controversial concept. While it can provide temporary benefits in times of crisis, it is generally not considered a viable long-term strategy for economic development and well-being.

autarchy relate terms

• archon

  Etymology From Ancient Greek άρχων archōn meaning ruler Meaning and Origin

• autarky

  Etymology From Ancient Greek αὐτάρκεια autárkeia from αὐτός autós

• auto

  Etymology Auto comes from the Greek word auto meaning self Meaning Auto is a pr

• archon

  Etymology From Ancient Greek άρχων archōn meaning ruler Meaning and Origin

• autarchy

  Etymology Greek autós self arké rule Meaning and Origin Autarchy refers

• auto

  Etymology Auto comes from the Greek word auto meaning self Meaning Auto is a pr

• autocracy

  Etymology and Origin The word autocracy comes from the Greek words auto self and

• monarchy

  Etymology From Late Latin monarchia from Ancient Greek μοναρχία monarchia a

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• court

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