When I first read the origin of the word, I just had to laugh. We have strayed so far from it’s original meaning …
The word “economy” originated as a combination of Greek words: “oikos” which means “house” and “nemos” meaning “to manage.” The meaning would translate: to manage your house or to manage your affairs.
Today, we use terms like “economy of scale” or “economy of scope.” In those cases, it refers to the efficient or frugal use of resources.
My, my, my, how far we have strayed.
Does anyone think that our elected officials have managed our affairs in the most efficient way possible? Regardless of party affiliation, we’ve entrusted the affairs of our national house to a group of people that don’t know the meaning of the word ECONOMY.
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You’re so right… I was reading/commenting somewhere else today about the “old way” of managing money. You carry us back even further in time and it’s funny how the “ancient” and “old school” princinples are more aligned that today’s complex and enlightened ways.
I recented used the term “economy of one” in an article and your hammer that message home quite well with your post.
Good work sir, thanks for sharing!
Dave
And here in Malaysia, we have to call them Your Honourable and Your Most Honourable!
Maybe it’s time for another formula to the whole concept of Government?
Regards
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