271. Economics – Wikipedia

September 21, 2009 § Leave a comment

Here is the problem.

Economics is the social science that studies the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek οἰκονομία oikonomia, “management of a household, administration” from οἶκος oikos, “house” + νόμος nomos, “custom” or “law”, hence “rules of the household”.[1] Current economic models developed out of the broader field of political economy in the late 19th century, owing to a desire to use an empirical approach more akin to the physical sciences.[2]

via Economics – Wikipedia, the free encyclopedia.

Economics avoids ownership and wealth, even if its key root is household.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

What’s this?

You are currently reading 271. Economics – Wikipedia at Reflections on GardenWorld Politics Douglass Carmichael.


%d bloggers like this: