Nasa: Oikos, meaning household, and nomos, meaning roughly a set of rules, are the generally accepted Greek roots for the word economics, according to The Guardian. Hence, stripped of its own wilful obfuscations as a discipline, economics is the art of good housekeeping. Yet, tens of millions of homes are at risk globally according to Nasa latest research on sea level change, because of ice loss from Greenland and the Antarctic, melting glaciers and the thermal expansion of the warming oceans. But, as the Nasa research shows, economics is failing lamentably at the level of planetary housekeeping, just as it is in the UK at the more prosaic but also important level of the housing market. Yet attempts to address a failed economic orthodoxy get oddly stifled, while the same orthodoxy tightens its tenacious grip more generally. How we live in the world at the individual, family and collective level is the greatest challenge of economics.
(news.financializer.com). As
reported in the news.
Tagged under Nasa, topics.