In Latin, the word for “economics” comes from the Greek word oikonomos, meaning “the art of running a household.” Economists study institutions and human beings, especially how they compete, cooperate, and distribute goods, services, and information. But economists don’t just study the world as it is. They also make claims about how it ought to be. Unfortunately, some economists are captive to utopian visions based on wrong assumptions about God, humans, and the world. This is why the answers to life’s ultimate questions matter so much in making economic decisions.
Jeff Myers & David A. Noebel, Understanding the Times: A Survey of Competing Worldviews, pg.470
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