From the positions of the traditional economic theory and from the point of view of the institutional direction there is interpreted the essence and functions of housekeeping in the modern Russian economics. There is proved the significance of functional display of housekeeping in the development of the modern economics.

There is comprehended the notion, role and place of household in the modern economics - both from the positions of the traditional economic theory and from the point of view of the representatives of the institutional area. There is made the conclusion about the existence of the institution of household, given its definition and shown its main peculiarities