Showing posts with label Economic. Show all posts
Showing posts with label Economic. Show all posts

Thursday, February 24, 2011

Money as Lubrication

Money may be a human creation but it definitely has a Divine purpose. Sometimes I think of money like a lubricant in machine work. While it is not doing the work itself, it can simplify and ease the process at hand. There is no doubt that money has facilitated commerce and transactions in a way that never could be possible with a barter system.

Wednesday, January 26, 2011

Economic Misnomer

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.