Economics is ultimately derived from the Greek word oikonómos, `manager of a household, steward,' composed from oîkos, `house,' and -nómos, nominal combining form of némein here meaning `to manage, control.' The words derived from oikonómos have taken a variety of meanings over time, ...
William James, who first adopted this philosophical position, and so named it, described it in The Meaning of Truth (Preface, xii-xiii) as consisting "first of a postulate, next of a statement of fact, and finally of a generalized conclusion. 1. "The postulate is that the only things ...