A Quote by Friedrich August von Hayek
We know, in other words, the general conditions in which what we call, somewhat misleadingly, an equilibrium will establish itself: but we never know what the particular prices or wages are which would exist if the market were to bring about such an equilibrium.
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Moral Education is the source of that spiritual equilibrium on which everything else depends and which may be compared to that physical equilibrium or sense of balance, without which it is impossible to stand upright or to move into any other position.
The major driver of economics is the equilibrium approach, which has taken various forms over the years. General equilibrium is the statement that all the different parts of the economy influence each other, even if it's remote, like mortgage-backed securities and their demands on automobiles.
Keynes tried to show that market economies could settle in equilibrium states in which the labour market did not clear, and in which the level of unemployment was high. He believed that this was due to a particular example of market failure, developed in his concept of effective demand.
There are norms that preserve some equilibrium between chaos and stability in the world; that keep sociopaths like Assad from undermining that equilibrium, and the sense of security without which the freedoms we enjoy cannot exist.
It had been held that the economic system, any capitalist system, found its equilibrium at full employment. Left to itself, it was thus that it came to rest. Idle men and idle plant were an aberration, a wholly temporary failing. Keynes showed that the modern economy could as well find its equilibrium with continuing, serious unemployment. Its perfectly normal tendency was to what economists have since come to call an underemployment equilibrium.
In general, exchange reactions for the lighter isotopes have equilibrium constants sufficiently different from unity, so that the ratios of concentrations of the isotopes in two compounds which are in equilibrium differ by a few per cents in nearly all cases.
All biologic phenomena act to adjust: there are no biologic actions other than adjustments. Adjustment is another name for Equilibrium. Equilibrium is the Universal, or that which has nothing external to derange it.
An economy may be in equilibrium from a short-period point of view and yet contain within itself incompatibilities that are soon going to knock it out of equilibrium.
The ability to work with systems of general equilibrium is perhaps one of the most important skills of the economist - a skill which he shares with many other scientists, but in which he has perhaps a certain comparative advantage.
Confusion conditions activity, which conditions consciousness, which conditions embodied personality, which conditions sensory experiences, which conditions impact, which conditions mood, which conditions craving, which conditions clinging, which conditions becoming, which conditions birth, which conditions aging and death.
The concept of a general equilibrium has no relevance to the real world (in other words, classical economics is an exercise in futility).
The clarification of equilibrium through plastic art is of great importance for humanity. It reveals that although human life in time is doomed to disequilibrium, notwithstanding this, it is based on equilibrium. It demonstrates that equilibrium can become more and more living in us.
Since nothing can exist that does not fulfil the conditions which render its existence possible, the different parts each being must be co-ordinated in such a way as to render possible the existence of the being as a whole, not only in itself, but also in its relations with other beings, and the analysis of these conditions often leads to general laws which are as certain as those which are derived from calculation or from experiment.
As there must be moderation in other things, so there must be moderation in self-criticism. Perpetual contemplation of our own actions produces a morbid consciousness, quite unlike that normal consciousness accompanying right actions spontaneously done; and from a state of unstable equilibrium long maintained by effort, there is apt to be a fall towards stable equilibrium, in which the primitive nature reasserts itself. Retrogression rather than progression may hence result.
The entropy of an isolated system not in equilibrium will tend to increase over time, approaching a maximum value at equilibrium.
The vector equilibrium is the true zero reference of the energetic mathematics. Zero pulsation in the vector equilibrium is the nearest approach we will ever know to eternity and god: the zero phase of conceptual integrity inherent in the positive and negative asymmetries that propagate the differentials of consciousness.
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