oikonomia

management of the household (community, society, humanity & biosphere) so as to increase its value to all members over the long run
oikos: household; and nomos: rules

Economics, social science concerned with the production, distribution, exchange, and consumption
of goods and services. Economists focus on the way in which individuals, groups, business enterprises,
and governments seek to achieve efficiently any economic objective they select. Other fields of study
also contribute to this knowledge: Psychology and ethics try to explain how objectives are formed;
history records changes in human objectives; sociology interprets human behavior in social contexts.
-Encarta

T12
Eeyore ponders a new career.
"Actually," Eeyore continued, "I'm thinking about a new career myself - personal growth and whatnot, and et ceteras, you know. I'm considering becoming an economist. Actually I didn't think of that myself. Owl suggested that I might be suited for it. He said someone called Thomas Carlyle said economics was the Dismal Science. That sounds most interesting."
-Winnie-the-Pooh On Success by Roger E. Allen & Stephen D. Allen

Saturday, January 28

The Rise of Nearshoring

Article available at: http://www.economist.com/research/articlesBySubject/displayStory.cfm?story_id=5246203&subjectid=423172

© The Economist Newspaper Limited 2006.
All rights reserved.

and an extra, random article just for you to read
Popcorn Palace Economy: http://www.slate.com/id/2133612/

Group 3: Wan Ting/Tocks, Dorothy, Yan Sheng & Jean.
Commentors: groups 3 & 4.

posted by t12cjc | 5:45 pm

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