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Natural economy

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Title: Natural economy  
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Subject: Economic system, Yaghnobi people, Barter, Outline of economics, 1841 rebellion in Guria
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Natural economy


Natural economy refers to a type of economy in which money is not used in the transfer of resources among people. It is a system of allocating resources through direct bartering, entitlement by law, or sharing out according to traditional custom. In the more complex forms of natural economy, some goods may act as a referent for fair bartering, but generally currency plays only a small role in allocating resources. As a corollary, the majority of goods produced in a system of natural economy are not produced for the purpose of exchanging them, but for direct consumption by the producers (subsistence).

Belgian economic historian Henri Pirenne noted that:

See also

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