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The Inescapable Law of Equilibrium

UserPost

5:10 pm
November 19, 2009


stockcrazy10

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posts 481

The Inescapable Law of Equilibrium

Frank R. Suess, 11/19/2009


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. – Friedrich August von Hayek


In nature just as in our personal lives, the principle of equilibrium is paramount. It permeates pretty much everything we know and do. All matters are drawn to equilibrium: the farther things move away from the state of equilibrium, the greater the forces are that pull them back to the center. Global economics and financial markets are no exception.

http://www.thedailybell.com/60…..brium.html


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