Anti...
"...there are two forces in the world, entrophy and energy. One leads into quietude, to happy equilibrium, the other to the destruction of equilibrium, to torturingly perpetual motion..."
Sayfa 161Kitabı okudu
In competitive markets where prices are free to move up and down, those prices fluctuate in such a way that supply equals demand. To simplify somewhat, we can say that Optimization + Equilibrium = Economics. This is a powerful combination, nothing that other social sciences can match.
Huzursuzluk
To be sure, man's search for meaning may arouse inner tension rather than inner equilibrium. However, precisely such tension is an indispensable prerequisite of mental health.
David Hume constructed what has become known as the specie-flow theory of the movement of money and goods between nations to assure equilibrium among international prices and the distribution of specie (or commodity) money among countries that are trading with each other. Hume explained that as net exports increased and more gold flowed into a country to pay for them, the prices of goods in that country would rise. Thus, an increased flow of gold into England would not necessarily increase England’s wealth substantially.
According to Hume, an unequal distribution of wealth in society was a positive thing, because this is what makes people strive to improve themselves. Society gets innovation and individuals get self-actualization. Therefore, Hume, like Adam Smith, believed in freedom of expression in the marketplace. Equality would destroy industry and thrift, and lead a nation to poverty. (...)
Mercantilism was first questioned when Hume’s “Political Discourse” was published in 1752 and lost blood. If David Hume’s writings on various economic themes were more systematically developed and brought together, he might have been said to be the father of modern economics, rather than Adam Smith.
Sayfa 34Kitabı okudu
If we hold commodity prices constant, each level of money income results in an equilibrium market basket for the consumer. This analysis gives us the income-consumption curve.
Sayfa 77Kitabı okudu
where the old economy was a machine, the new one is a chemistry, always creating itself in new combinations, always discovering, always in process.
order, closedness, and equilibrium as ways of organizing explanations are giving way to open-endedness, indeterminacy, and emergence of perpetual novelty."
Sayfa 211 - 11: where do we stand with this creation of ours?Kitabı okudu
