“household,” and nomos, the word for “law.” So, oikos and nomos together literally mean “house law.” Oikonomia is transliterated into English as “economy.” The English word that translates—rather than transliterates—the word oikonomia is the English word stewardship. So, stewardship and economics are closely related concepts, and in fact, to a New Testament Christian, there was no distinction between them. A steward in the ancient world was a person who was given the responsibility and authority