I thought the term "Economy" had a strictly political meaning; it is short for "Political Economy". It has nothing to do with individual choices, at least not directly. Rather, it refers to the choices of capital allocation, etc. that are made by the State's actors. No?
- Definitions of terms like this differ a lot. I'm sure economy is by some held to be the same as "political economy". (Although even then it has unavoidably much to do with individual choices - ultimately, who are those "State's actors" if not individuals?) Focusing on the state alone unnecessarily limits what we can learn about the "process or system by which goods and services are produced, sold, and bought in a country or region". I've added a WP link that has a more extensive discussion of the term - compare to .
- At the moment this page is a stub that provides a basic definition and hints at the complexity of the term. It really means a number of things. The page could be certainly expanded, for example with a section on different understandings of the term, especially if somewhere rages a debate about what the term ultimately means. Don't forget to source your claims. :) Pestergaines (talk) 19:31, 21 December 2014 (EST)
Again, not one of the three definitions offered by the Merriam dictionary here even hint at the political aspect. I expect Austrians to better appreciate the need for historically accurate terminology in light of the definitional legerdemain perpetrated by those who wish to maintain the State. They keep redefining things like "monopoly" and "terrorism" and "cartel" and "rent seeking" and "counterfeiting" and more to hide what is being done to us. So if now "Inflation" is taken to mean mere price inflation instead of artificially enlarging the money supply; should we simply follow their baton?! The Wikipedia link does not appear on the page either. There is little value in having a short stub on Wiki.Mises if it thoroughly ignores the historical and Austrian perspectives.
- The Wikipedia link is in the Links section. Do you have notable resources that focus on the use and abuse of the term Economy? Then please expand the stub. That's how it works on a wiki. Pestergaines (talk) 16:40, 27 December 2014 (EST)
This link is still missing: https://en.wikipedia.org/wiki/Political_economy - Not "economy" but "political economy"! And true, i am unused to wikis. I shall let another "fix the economy"...