Thoreau’s economics: the truly precious costs precious little
John Kaag and Jonathan van Belle write: The word ‘economy’ evolved from the Greek root οἶκος. ‘Oikos’ had three interrelated senses in ancient Greece: the family, the family’s land, and the family’s home. These three, taken interchangeably, constituted the first or fundamental political unit in the ancient Greek world, especially in the minds of Greece’s hereditary aristocrats, for whom family mattered more than all other affiliations. The family, then and after, was viewed as the state in miniature, with its…