The Economics of the Imagination

The Economics of the Imagination

The Economics of the Imagination

The Economics of the Imagination

Excerpt

"Economy" is derived from the Greek word oikonomia meaning the management of a household. In English usage, economy suggests both frugality and efficiency; by extension, it applies to the management of many structures, political and domestic, commercial and aesthetic. In its largest sense, the word asserts our capacity for creating intellectual structures and for imaginatively regulating them. It indicates our ability to discriminate between ends and means, and therefore, as a reflector of human choice, it represents the thoroughness of our self-consciousness.

When "economy" pertains to the management and structuring of the economy in the modern, Western sense, then we may understand economics as . . .

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