the.com/economy
The art of pretending scarcity is a choice we made on purpose.
means The system by which a society produces, distributes, and manages its resources, goods, and services.
from From Greek 'oikonomia' — household management — itself built from 'oikos' (house) and 'nemein' (to manage or distribute). The word originally described running a home efficiently, deciding who does what chore and who eats what; it only widened over centuries to mean running an entire nation's resources, as if the state were just a very large, very dysfunctional household.
- original scope
- Once meant just managing one house, not nations
- gdp invention
- GDP was designed in the 1930s, for wartime budgeting
- size illusion
- Most money today exists only as digital numbers
- ancient root
- Oikonomia combines house plus the one who manages