Unaware of the developments in each other’s areas, researchers in the disciplines of economics and reliability theory have been working independently. The objective of this paper is to point out some interesting relationships that exist between some of the notions in these two areas. In particular, we discuss notions of NBUE (New Better Than Used in Expectation) order, HNBUE order, TTT (Total Time on Test) order from reliability theory and those of Lorenz order, and EXCCSS Wealth Order from economics. Some new results obtained recently about these stochastic orders will also be presented.