The title ― The Economy in its House ― echoes Xenophon’s book, Œconomicus, 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 these relationships and questions, reflecting 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 foundation ― 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 shows 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 soul ― with two components (the hearth and the roof), and three guiding parameters: exposure to hazards, security, and performance. With these guides, one expresses all the macroeconomic variables relative to a house. These are preserved by passing from a house ― whatever its importance ― to its soul. The wealth of the results obtained shows that the path open must allow economists to go farther and safer in their work while also enabling a broader public to better understand what the economy is.
The title ― The Economy in its House ― echoes Xenophon’s book, Œconomicus, 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 these relationships and questions, reflecting 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 foundation ― 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 shows 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 soul ― with two components (the hearth and the roof), and three guiding parameters: exposure to hazards, security, and performance. With these guides, one expresses all the macroeconomic variables relative to a house. These are preserved by passing from a house ― whatever its importance ― to its soul. The wealth of the results obtained shows that the path open must allow economists to go farther and safer in their work while also enabling a broader public to better understand what the economy is.
This book is a practical approach to insuring financial sustainability of US colleges, presented through the lens of organizational strategic thinking. The book does not simply offer models of how colleges can become financially sustainable in cost cutting, online education, international student recruiting, etc. Rather, it presents a succinct historical perspective of how foundational problems emerged, how some universities transformed themselves, and introduces an organizational strategic thinking process that can be used to develop unique solutions for almost any institution.
The 1981 Supplement adds more than 3000 entries to the approximately 10,500 listed in the original volume and in the 1965 and 1971 Supplements. Like its predecessors, this volume provides a full list of the secondary sources related to Canadian higher education – books, articles, theses ,dissertations, and reports published from 1971 to 1980. The reporting, arrangement of entries, and overall organization of the material remains the same as in the 1971 Supplement.
The title ― The Economy in its House ― echoes Xenophon’s book, Œconomicus, 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 these relationships and questions, reflecting 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 foundation ― 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 shows 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 soul ― with two components (the hearth and the roof), and three guiding parameters: exposure to hazards, security, and performance. With these guides, one expresses all the macroeconomic variables relative to a house. These are preserved by passing from a house ― whatever its importance ― to its soul. The wealth of the results obtained shows that the path open must allow economists to go farther and safer in their work while also enabling a broader public to better understand what the economy is.
The economy is not in the clouds. Instead, the economy is in its own house, which protects it from environmental hazards and guides its activity and growth. Hence a new foundation for economics. This house does not have agents; it is made up of people, objects, and jobs, all interconnected by statistical links. Moreover, it has two parts: the roof that protects and the hearth that operates the production system and includes men and women. Regularly, the roof and the hearth support each other. However, when subjected to the impulse of the State, the roof can reduce the hearth to servitude. The house theory presented herein detines values. Current prices revolve around the weight of the unit of account of a given society. This weight governs exchange rates, and also the probability of ruin of the house. An original concept, the growth energy makes it possible to address with fruit many topics: growth, economic cycles, crises, inequalities, and ruin of the house. We emphasize the importance of redistribution to make crises more bearable and to support growth. One discovers that the soul of a house - a two component miniature house governed solely by three guiding parameters: exposure to vagaries, security, and performance - represents the entire house ideally. Economists, statisticians, and sociologists should appreciate the content of this book. Its methods may also interest theorists of physics and mathematicians. Finally, all people who want to understand the economy, going to the bottom of things, can find new insights herein.
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