Autarky - Revision history

MPeters at 04:15, January 11, 2012

2012-01-11T04:15:01Z

BrianCo: see also

2008-11-08T01:30:02Z

HDCase at 23:56, November 7, 2008

2008-11-07T23:56:56Z

Aschlafly: undeadend

2007-08-13T16:19:39Z

undeadend

Epicurius at 22:00, June 21, 2007

2007-06-21T22:00:27Z

AdrianP: New page: Autarky is the idea that a country should be self-sufficient and not take part in international trade. The experience of countries that have pursued this Utopian ideal by substituting dome...

2007-05-15T02:31:22Z

New page: Autarky is the idea that a country should be self-sufficient and not take part in international trade. The experience of countries that have pursued this Utopian ideal by substituting dome...

New page

Autarky is the idea that a country should be self-sufficient and not take part in international trade. The experience of countries that have pursued this Utopian ideal by substituting domestic production for imports is an unhappy one. No country has been able to produce the full range of goods demanded by its population at competitive prices. Indeed, those that have tried to do so have condemned themselves to inefficiency and comparative poverty, compared with countries that engage in international trade.

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-'''Autarky''' is the idea that a country should be self-sufficient and not take part in international trade. The experience of countries that have pursued this Utopian ideal by substituting domestic production for [[imports]] is an unhappy one. No country has been able to produce the full range of [[goods]] demanded by its population at competitive prices. Indeed, those that have tried to do so have condemned themselves to inefficiency and comparative poverty, compared with countries that engage in international trade.
+'''Autarky''' refers to two separate, but related, ideas in [[macroeconomics]]: that a country ''can'' be self-sustaining (a positive statement) and that it ''should'' (a normative statement).
-==See also==
+An autarkic country does not participate in international trade. No country has been able to produce the full range of [[goods]] demanded by its population at competitive prices. Indeed, those that have tried to do so have condemned themselves to inefficiency and comparative poverty, compared with countries that engage in international trade. This results from the fact that countries have [[comparative advantage]] in different areas; for example, the United States has a comparative advantage in producing [[capital]]-intensive goods, whereas China has a comparative advantage in producing [[labor]]-intensive goods; it is thus more efficient for the United States to produce capital-intensive goods cheaply and trade them for Chinese labor-intensive goods than to produce all types of goods domestically.
 [[Category:Economics]]

← Older revision		Revision as of 01:30, November 8, 2008
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	'''Autarky''' is the idea that a country should be self-sufficient and not take part in international trade. The experience of countries that have pursued this Utopian ideal by substituting domestic production for [[imports]] is an unhappy one. No country has been able to produce the full range of [[goods]] demanded by its population at competitive prices. Indeed, those that have tried to do so have condemned themselves to inefficiency and comparative poverty, compared with countries that engage in international trade.		'''Autarky''' is the idea that a country should be self-sufficient and not take part in international trade. The experience of countries that have pursued this Utopian ideal by substituting domestic production for [[imports]] is an unhappy one. No country has been able to produce the full range of [[goods]] demanded by its population at competitive prices. Indeed, those that have tried to do so have condemned themselves to inefficiency and comparative poverty, compared with countries that engage in international trade.
		+
		+	==See also==
		+	*[[Autarchy]]
		+
	[[Category:Economics]]		[[Category:Economics]]

← Older revision		Revision as of 23:56, November 7, 2008
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−	Autarky is the idea that a country should be self-sufficient and not take part in international trade. The experience of countries that have pursued this Utopian ideal by substituting domestic production for [[imports]] is an unhappy one. No country has been able to produce the full range of [[goods]] demanded by its population at competitive prices. Indeed, those that have tried to do so have condemned themselves to inefficiency and comparative poverty, compared with countries that engage in international trade.	+	'''Autarky''' is the idea that a country should be self-sufficient and not take part in international trade. The experience of countries that have pursued this Utopian ideal by substituting domestic production for [[imports]] is an unhappy one. No country has been able to produce the full range of [[goods]] demanded by its population at competitive prices. Indeed, those that have tried to do so have condemned themselves to inefficiency and comparative poverty, compared with countries that engage in international trade.
	[[Category:Economics]]		[[Category:Economics]]

← Older revision		Revision as of 16:19, August 13, 2007
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−	Autarky is the idea that a country should be self-sufficient and not take part in international trade. The experience of countries that have pursued this Utopian ideal by substituting domestic production for imports is an unhappy one. No country has been able to produce the full range of goods demanded by its population at competitive prices. Indeed, those that have tried to do so have condemned themselves to inefficiency and comparative poverty, compared with countries that engage in international trade.	+	Autarky is the idea that a country should be self-sufficient and not take part in international trade. The experience of countries that have pursued this Utopian ideal by substituting domestic production for [[imports]] is an unhappy one. No country has been able to produce the full range of [[goods]] demanded by its population at competitive prices. Indeed, those that have tried to do so have condemned themselves to inefficiency and comparative poverty, compared with countries that engage in international trade.
	[[Category:Economics]]		[[Category:Economics]]

← Older revision		Revision as of 22:00, June 21, 2007
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	Autarky is the idea that a country should be self-sufficient and not take part in international trade. The experience of countries that have pursued this Utopian ideal by substituting domestic production for imports is an unhappy one. No country has been able to produce the full range of goods demanded by its population at competitive prices. Indeed, those that have tried to do so have condemned themselves to inefficiency and comparative poverty, compared with countries that engage in international trade.		Autarky is the idea that a country should be self-sufficient and not take part in international trade. The experience of countries that have pursued this Utopian ideal by substituting domestic production for imports is an unhappy one. No country has been able to produce the full range of goods demanded by its population at competitive prices. Indeed, those that have tried to do so have condemned themselves to inefficiency and comparative poverty, compared with countries that engage in international trade.
		+	[[Category:Economics]]