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autarky
(redirected from autarchic)

   Also found in: Dictionary/thesaurus, Financial, Encyclopedia, Wikipedia 0.04 sec.

autarky

National economic policy that aims at achieving self-sufficiency.



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It is not accidental that rogue states have been either autarchic economies unconnected to the international system or self-sufficient states, usually deriving their wealth from exporting vitally important energy resources.
But the underlying idea was the same: a grand social bargain whereby all sectors of society agreed to open markets, which in many places had become almost autarchic, but also to share the social adjustment costs that open markets inevitably produce.
The book deals with the stability of a small German state - the County of Hohenlohe in southern Franconia - that never experienced the military fiscality over extended periods that forced peasants and townsmen out of autarchic modes of production and perception.
 
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