Curated category
Economic systems
- Hunter-gathererHomo erectus emerged 1.8 million years ago, marking the first appearance of hunting and gathering as a subsistence strategy.
- FeudalismIn 1944, François Louis Ganshof published a book titled Qu'est-ce que la féodalité that would become the standard reference for understanding medieval Europe.
- Planned economyIn the Hellenistic and post-Hellenistic world, compulsory state planning was the most characteristic trade condition for the Egyptian countryside.
- SocialismThe word socialism finds its root in the Latin term socialis, which means to combine or to share. Pierre Leroux claimed he first used the term in a Parisian…
- Market economyThe image of Pike Place Market in Seattle, Washington, from 1968 captures a moment where supply and demand operate without central direction.
- Political economyThe phrase économie politique first appeared in France in 1615 with the well-known book by Antoine de Montchrétien, Traité de l'economie politique.
- Steady-state economyAdam Smith published The Wealth of Nations in 1776, establishing the foundation for classical economics. He observed that any national economy would…