Thursday, October 22, 2009

Create Your Own Economy

What does "Broke is Beautiful" mean? It is the beauty of creating something out of seemingly nothing, of not taking assumptions about what it means to be rich, or how you measure prosperity as given. It is an idea that is catching on.

Online, you can literally create your own economy. By that, I mean you can build an ordered set of opportunities for prosperity and pleasure, analogous to a traditional economy but held in your head. There is no obvious monetary transaction, but you're using your limited resources to get a better deal -- the very essence of economics. In fact, "economics" comes from oikonomia, the ancient Greek word for household management, and the modern practice of economics is returning to that idea.

Read the rest of this July article fromFast Companyat:One Lesson from the Crisis: It’s Time to Create Your Own Economy.