 Language as an Institution: A Note on the Use of the Terms Finance and Economics in the Greek Language and its Consequences for the Greek Society and EconomyElias Sanidas ()
SPOUDAI Journal of Economics and Business, 2020, vol. 70, issue 3-4, 29-41 Abstract: Language as a formal and informal institution can be a useful tool of the society for effective communication in order to adopt the right policies for economic development, etc. And yet Greece is probably the only country in the world which does not differentiate Finance from Economics, e.g. people say “my oikonomika” (economics) in order to mean “my finance”; or the accountant calls himself economist (oikonomologos); or the Minister of Economic(s) should be called the Minister of Money, etc. Thus, almost everybody in Greece talks about money but almost nobody talks about the economy. And yet the economy which is primarily growth in effective and efficient production should be our primary concern, and not money, unless it is used for investment. The present confusion of finance and economics words and concepts in Greece is shown in this paper; also, its negative consequences; its relations with prominent economic models; and suggestions for removing this institutional backwardness in Greece. Keywords: institutions; language; finance; money; economics; Greece (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spd:journl:v:70:y:2020:i:3-4:p:29-41 Access Statistics for this article More articles in SPOUDAI Journal of Economics and Business from SPOUDAI Journal of Economics and Business, University of Piraeus Contact information at EDIRC. |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.