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35 sats \ 0 replies \ @SimpleStacker 6 Jan \ on: Retrospectives: What Did The Ancient Greeks Mean By Oikonomia? econ
Yes, that is the correct etymology.
contemporary economics is largely neutral between ends, while in ancient economic theory, an action is considered economically rational only when taken towards a praiseworthy end
Quite true. But ultimately I don't think one can fully divorce means from ends, and I'd love to see modern economists bring back more discussions on morals and ethics.
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