The word economics comes from the Greek word oikonomos meaning manager or steward. Or in other words the science of economics is the science of stewardship. That is a slightly different spin on things than you might have imagined.
Stewardship is an interesting word in that it does not have any connotations of ownership or control. Instead it is more generally used to refer to the act of taking care of something that belongs to someone else. A steward is someone who attends to the needs of another (i.e. a wine steward or a cabin steward). In essence, it is a form of service.
Stewardship is an interesting word in that it does not have any connotations of ownership or control. Instead it is more generally used to refer to the act of taking care of something that belongs to someone else. A steward is someone who attends to the needs of another (i.e. a wine steward or a cabin steward). In essence, it is a form of service.
