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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 ]
For Aristotle, the accumulation of money itself is an unnatural activity that dehumanizes those who practice it. War, and more specifically overall protection of countries, gave rise to many forms of loans, debt, increased taxes, and complex investments.
The oikos was the basic unit of society in most Greek city-states. For regular Attic usage within the context of families, the oikos referred to a line of descent from father to son from generation to generation. [2] Alternatively, as Aristotle used it in his Politics, the term was
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 .
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] Aristotle himself highly disapproved of ...
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".
Aristotle [A] (Attic Greek: Ἀριστοτέλης, romanized: Aristotélēs; [B] 384–322 BC) was an Ancient Greek philosopher and polymath.His writings cover a broad range of subjects spanning the natural sciences, philosophy, linguistics, economics, politics, psychology, and the arts.
Nomisma (Ancient Greek: νόμισμα) was the ancient Greek word for "money" and is derived from nomos ... Aristotle, NICOMACHEAN ETHICS [1133b 1], ...