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The title of this work means "household management" and is derived from the Greek word, οἶκος, oikos, meaning "house/household". The term includes household finance as it is commonly known today and also defines the roles members of the household should have.
The Ecumenical Patriarchate considers that through "extreme oikonomia [economy]", those who are baptized in the Oriental Orthodox, Roman Catholic, Lutheran, Old Catholic, Moravian, Anglican, Methodist, Reformed, Presbyterian, Church of the Brethren, Assemblies of God, or Baptist traditions can be received into the Eastern Orthodox Church ...
Oikonomos (Greek: οἰκονόμος, from οἰκο - 'house' and - νόμος 'rule, law'), Latinized œconomus, oeconomus, or economos, was an Ancient Greek word meaning "household manager." In Byzantine times, the term was used as a title of a manager or treasurer of an organization.
The Oeconomicus (Ancient Greek: Οἰκονομικός) by Xenophon is a Socratic dialogue principally about household management and agriculture. Oeconomicus comes from the Ancient Greek words oikos for home or house and nemein which means management, [1] literally translated to 'household management'.
Economy is the Greek word "oikonomia", which primarily signifies the household management, the household administration, arrangement and distribution, or dispensation. [ 1 ] [ page needed ] The word "economy" is used with the intention of stressing the focal point of God's divine enterprise , which is to distribute, or dispense, Himself into man.
The word economy in English is derived from the Middle French's yconomie, which itself derived from the Medieval Latin's oeconomia. The Latin word has its origin at the Ancient Greek's oikonomia or oikonomos. The word's first part oikos means "house", and the second part nemein means "to manage". [7]
The origins of these words go way back to the seventh or eighth century B.C.E, Beaulieu says, but the basic concepts are still relevant today and apply to the modern world.
The earlier term for the discipline was "political economy", but since the late 19th century, it has commonly been called "economics". [22] The term is ultimately derived from Ancient Greek οἰκονομία (oikonomia) which is a term for the "way (nomos) to run a household (oikos)", or in other words the know-how of an οἰκονομικός (oikonomikos), or "household or homestead manager".