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2017 Word of the Year

old economy

noun

an economy based on agriculture and manufacturing as opposed to high technology; also, a former economic system or state

Word Origin

1983

Usage Note

old economy, adj

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Examples from the Web for old economy
Historical Examples
  • They stand at the transition from the old economy to the new.

  • Yes, this is the point with the diverging paths of ruin or redemption, and Heaven still vindicates the old economy.

    The Court of Cacus

    Alexander Leighton
  • Righteousness was the principle of the old economy; grace is the principle of the new.

  • But modern civilized society is able to survive without the rigid control of individual activities which the old economy entailed.

    Taboo and Genetics

    Melvin Moses Knight, Iva Lowther Peters, and Phyllis Mary Blanchard
  • He always, in this respect, reminded me of his grandfather, whom every one called 'old economy.'

    A Reconstructed Marriage

    Amelia Edith Huddleston Barr
  • No mere education as to alleged right and wrong can plaster over the old economy with new ethical standards.

  • These are new standards not required by the old economy and not taught in the old meeting-house.

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Nearby words for old economy

Word Value for old

4
5
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