Oikonomia is Back, for Now — Jacob Assa

Summary:
Aristotle, in his book on Politics, distinguished between two kinds of activities. Chrematistike (χρηματιστική) ​– sheer money-making – was considered morally inferior to Oikonomia (οἰκονομία) ​– the concern for morally adequate individual and public household management. In fact Aristotle cautioned against separating financial activities from public (political) oversight, as this Chrematistic ​logic leads to maximization strategies resulting in excesses. By contrast, the desirable Oikonomic ​processes promote overall well-being in social, ecological, financial and even inter-generational dimensions....  Developing EconomicsOikonomia is Back, for Now Jacob Assa, economist at United Nations Development Programme

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