Question
The word economics is derived from the Greek word oikonomos ,which is the combination of two words. Oikos means household and nomos is the word/law.
The word "economics" is derived from the Greek wordoikonomos,which is the combination of two words.Oikosmeans "household" andnomosis the word/law.Oikonomos,or economics, can therefore be interpreted as "the law or the management of the household." The word is used in the New Testament and relates the concept of stewardship in the kingdom of God (the "house" of God). Thus, for the Christian, "economics" can be defined as the management of God's household so that all may flourish.Please use this forum to address each of the following questions, being sure to include relevant passages of scripture as support for your responses, as appropriate.
How does the image of the "economy" as the "household" affect the way you think about economics?
What connotations does the word "household" have that the word "economy" does not have?
How might you respond to the definition of economics as "the management of God's household so that all may flourish"?
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