Business I / The Pre-industrial Economy
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Organic or fossil-fuel economy?

Groups: Organic economy · Fossil-fuel economy

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  1. The dividing line is where the energy comes from.
  2. Recent photosynthesis and buried carbon are the two sources.
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Organic economy: Energy from wood, wind, and muscle, 80% of the population in agriculture, Guild-based artisan production

Fossil-fuel economy: Steam engines burning coal, Factory system with powered machinery

Why

The dividing line is the energy source: organic economies run on recent photosynthesis; fossil-fuel economies tap millions of years of stored sunlight.

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