| A | B |
|---|
| primitivist view | ancient econ. was more similar to traditional econ systems than market systems |
| reciprocity | balance between what you produce and what you use/give to others |
| redistribution | central planning, process of alloting resources, goods, prices |
| exchange | function through markets and prices |
| Karl Polyanyi, 1940's | proposed 3 forms of reciprocity, redistribution, exchange |
| consumer | ancient people in urban centers |
| producer | ancient people in rural areas surrounding urban centers |
| centric transfers | coordinated within the system, not by market forces |
| Frederic Pryor | created term "centric transfers" |
| olive tree | most important early agricultural resource (survived well) |
| subsistence system | most of what was produced was consumed by the producers' families |
| autoconsumption | term by Johannes Renger regarding subsistence living |
| private ownership | many owned their own land |
| real economic freedom | not very attainable, high taxes and government intervention |
| amphora | clay vessel or bottle manufactured |
| building pyramids | example of wealth-building fiscal policy |
| multiplier effect | when one action creates growth in other areas (ex. pyramids) |
