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My copy of the OED sites for economy:

4. Careful management of resources, so as to make them go as far as possible.

a. with reference to money and material wealth : Frugality, thrift, saving. Sometimes euphemistically for Parsimony, niggardliness.

1670 Cotton Espernon 1. 11. 62 Men have ... been very liberal in their censure of the Duke's Oeconomy. a 1674 CLARENDON Hist. Reb. x. (1704) III. 88 Nor was this Oeconomy well liked even in France. [...]

etc etc etc.

Admittedly, my edition is rather dated now. But surely they have not retracted so many references.

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