Week one Blog
Warning: Undefined variable $comments in /home/idemborg/paigemorgan.net/teaching/engl200d/wp-content/themes/inove/single.php on line 18
Leave a comment Go to comments
Hello my name is Inez Tapia I am now a Senior at the UW majoring in English and minoring in Spanish and Diversity. My plans after I graduate are to get into Law School and become an immigration lawyer. The reason I am taking this class is because of interest and fulfills requirements for my major.
What is money? – My definition on money is a tool that shows how hard you have worked and to buy what you need. A resource of survival.
OED def: 1. Any generally accepted medium of exchange which enables a society to trade goods without the need for barter; any objects or tokens regarded as a store of value and used as a medium of exchange.
What is Economy?- I define economy a system of trade/ Information.
OED def: I. The way in which something is managed; the management of resources; household management.
It’s good that you posted the OED definition, Inez, because it’s an indication of how the meaning of economy has changed — it *used* to refer specifically to the way that one household managed their resources. The way we talk about “the economy” today didn’t start until the late 19th or early 20th century.
So: that’s what the OED says about money and economy, but what do you think — are the definitions correct and representative?