The economy in its house

The title - The Economy in its House - echoes Xenophon's book Oeconomicus which focuses on the relationship of a house with its environment rather than on trade. It also makes reference to a question from Socrates: What is a house?. It is by striving to explore the relationships and questions reflectig the conditions of our time that we have concluded that the economy is in its house - and that changes everything. Indeed this leads us to establish a fiundation - new but grafted onto ancient roots - for economics.By integrating into our theory the unpredictable environment we provide economists with a framework to address the multiple issues that arise not only in our common home the Earth but also to all other houses. Our model is based on the hypothesis of the random nature of the economy which brings us closer to modern physics and its methods.On these pillars our model abstracts economic agents and focuses attention on the interconnected constituents of the house both their mutual statistical relationships and those they have with the environment. The covariance matrix that retraces such relationships indicates how the environment disrupts on average each constituent during a period. This gives the possibility to explore the destinies of the houses in the short middle or long run through crises and changing perspectives of ruin. It makes it possible to identify three essential variables: the growth factor the growth energy and finally the prices' root which is also the weight of the unit of account and an anti-ruin coefficient.One of the characteristics of modern houses is that among their constituents positive covariances outweigh negative covariances. Hence their growth: we explore its links with the reduction of inequalities and its pathologies: pollution and depletion of resources. We show how we can fight against crises and inequalities through greater solidarity.We show that one can model any house by use of a miniature house - its