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By died out I meant the household aspect is gone, the original meaning included things like paying a carpenter to fix your roof which just seems like an alien u
by Retric 2y ago
By died out I meant the household aspect is gone, the original meaning included things like paying a carpenter to fix your roof which just seems like an alien use of the term. https://en.wikipedia.org/wiki/Oeconomicus https://en.wikipedia.org/wiki/Oeconomicus Outside any transaction playing a role in the overall economy.
I suspect it shifted with the rise of companies and machinery. So I agree people talk about a ships fuel economy they are referring to efficiency, but the non efficiency aspects of the original definition is absent. Meaning people talking about the economy being good because they got a raise isn’t referring to household budgets but the wider economic system.