Description

Economics: The Law of Exchange returns the word to its roots in oikos (Greek: “house, household, dwelling”) and nomos (Greek: “law, order, arrangement”). It reveals economy as the lawful extension of household order into markets, nations, and global systems. Before abstract theories of finance, there was the household: resources named, recorded, and exchanged through language.

This work shows how letters form the first ledger, graphemes inscribe contracts and accounts, and phonemes voice agreements into recognition. Morphemes and lexemes carry the roots of economic vocabulary, while orthography preserves continuity across generations. A miswritten entry destabilizes a ledger; a correctly spelled account stabilizes exchange. Economics reconciles multiplicity of households, currencies, and markets with the unity of lawful order. From contracts and inheritance to taxation, trade, and digital ledgers, economics demonstrates that exchange is always spelled into coherence.