 Economics means household management and the question of how a household should manage its resources is more relevant today than ever. In ancient Greece when the philosopher Xenophon first coined the term economics he was literally thinking about the affairs of a single household but towards the end of his life he applied the question more widely to the management of his hometown the city-state of Athens. 2000 years later in Scotland Adam Smith looked to the next level up the management of the nation as a household asking what makes the economy of one country thrive while another stagnates and this question has held sway for the past 200 years so economic thinking has gone from the household to the city-state to the nation-state it's time to take the inevitable next step ours is the era of the planetary household and this century we need some pretty insightful managers to guide our planetary household ones who are ready to pay attention to the needs of all its inhabitants let's get to work