Tuesday, November 06, 2007

A Few Observations About Economics

There is a connection between ethics and economics

Economics is not about money

The core questions of economics are: what is value? and How is it created?

"Economics" comes from Greek words for oikos "home" and nemein for "to manage"

Thus, it is related to the word "ecology"

"Market" is related to the word "mercy." Both come from the Roman god of messengers and commerce, Mercury

The word "money" comes from an epithet for Juno, the queen of the gods in Roman mythology

Consider the different meanings of each word (economic and non-economic). Note how many are terms used in ethics:

growth
development
profit
interest
bond
trust
goods
save
equity
value
mean
redeem
redemption
forgive
dear
obligation
honor
company
balance
credit
issue
worth
due
treasure
sacrifice
risk
royalty
fortune
venture
grace

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