Palace economy

From Wikipedia, the free encyclopedia

Part of a series on

Economic systems

Economic ideologies

Anarchist · Capitalist Communist · Corporatist Fascist · Georgist Islamic · Laissez-faire Market socialist · Mercantilist Protectionist · Socialist Syndicalist · Third Way

Sectors and systems

Closed (Autarky) · Digital Dual · Gift · Informal Market · Mixed · Natural Open · Participatory Planned · Subsistence Underground · Virtual

Other types of economies

Anglo-Saxon · Feudal Global · Hunter-gatherer Information Newly industrialized country Palace · Plantation Post-capitalist · Post-industrial Social market · Socialist market Token · Traditional Transition

Business and economics portal

v • d • e

This article or section is in need of attention from an expert on the subject. WikiProject Economics or the Economics Portal may be able to help recruit one. If a more appropriate WikiProject or portal exists, please adjust this template accordingly. (November 2008)

A palace economy or redistribution economy^[1] is a system of economic organisation in which a substantial share of the wealth flows into the control of a centralized secular administration, the palace, and out from there to the general population, which may be allowed its own sources of income, but relies heavily on the wealth redistributed by the palace.

Contents 1 Ancient 1.1 Chinese in the Chou Age 1.2 Sumerian 1.3 Egyptian 1.4 Minoan 1.5 Mycenaean 1.6 Hittite 1.7 Phrygian 1.8 Iranian in the Achaemenid period 2 Middle 2.1 Aztec 2.2 Inca 3 Modern 4 Notes

[edit] Ancient

Many pre-industrial civilizations practised economies that fit this economic model.

[edit] Chinese in the Chou Age

Please help improve this section by expanding it. Further information might be found on the talk page. (May 2008)

The Chinese used this type of economy very often, always trying to control the population. However, it did work for several hundred years, and in fact aided the population to advance centuries past other nations. Unfortunately, in the 6th and 5th century BC, there was a backlash, resulting in a shortage and famine that lasted the better part of the following century.

[edit] Sumerian

Please help improve this section by expanding it. Further information might be found on the talk page. (May 2008)

[edit] Egyptian

Please help improve this section by expanding it. Further information might be found on the talk page. (May 2008)

[edit] Minoan

Minoan civilisation depended economically on the cultivation of wheat, olives, grapes and other products. The Minoan economy also supported several industries such as the textile, pottery and metalwork industries.The palaces were the centres of economic life. Some of the manufacturing industries were based in the palaces. Produce from surrounding farmland was collected, recorded and stored in the palaces as seen from the large number of storerooms and pithoi (storage jars) recovered. The palaces appear to have had an extent of control over overseas trade. The discovery of Linear A and B tablets, listing commodities in the archive areas of the Palace of Knossos, suggests a highly organised bureaucracy and a system of record keeping that controlled all incoming and outgoing products.

[edit] Mycenaean

Please help improve this section by expanding it. Further information might be found on the talk page. (May 2008)

[edit] Hittite

Please help improve this section by expanding it. Further information might be found on the talk page. (May 2008)

[edit] Phrygian

Please help improve this section by expanding it. Further information might be found on the talk page. (May 2008)

[edit] Iranian in the Achaemenid period

Please help improve this section by expanding it. Further information might be found on the talk page. (May 2008)

[edit] Middle

[edit] Aztec

Please help improve this section by expanding it. Further information might be found on the talk page. (May 2008)

[edit] Inca

Please help improve this section by expanding it. Further information might be found on the talk page. (May 2008)

[edit] Modern

The contemporary economy of North Korea has also been characterized as a palace economy.

[edit] Notes