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The oikos (household) was the base unit for the organization of social, political, and economic life in the Ancient Greek world. The person in charge of all its affairs was the oikonomos . [ 3 ] [ 4 ] The oikos was composed of a nuclear family as well as extended family members such as grandparents or unmarried female relatives. [ 4 ]
Oikos (Ancient Greek: οἶκος Ancient Greek pronunciation:; pl.: οἶκοι) was, in Ancient Greece, two related but distinct concepts: the family and the family's house. [a] Its meaning shifted even within texts. [1] The oikos was the basic unit of society in most Greek city-states
Oeconomicus comes from the Ancient Greek words oikos for home or house and nemein which means management, [1] literally translated to 'household management'. It is one of the earliest works on economics in its original sense of household management, and a significant source for the social and intellectual history of Classical Athens .
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 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".
Nomos, from Ancient Greek: νόμος, romanized: nómos, is the body of law governing human behavior. Nomos or Nomoi may refer to: Nomos (mythology), 'the spirit of law' in Greek mythology; Nomos (sociology), a habit or custom of social and political behavior, originally used by Carl Schmitt; Nomos (music), a genre of Ancient Greek music
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Writing of the people, Aristotle stated that they as a whole thought acquisition of wealth (chrematistike) as being either the same as, or a principle of oikonomia ("household management" – oikonomos), [15] [16] with oikos meaning "house" and with (themis meaning "custom") nomos meaning "law". [17]