Our sensitive social framework, in the time of plenty, was largely kept in equilibrium - until now.
Also, if the basic idea now seems simple, it is because economists have become accustomed to applying this equilibrium-through-overshooting logic to all kinds of other phenomena.
Clinton has a lot of reasons to pull cooperatively with Obama and may want to help America achieve a new strategic direction and establish a new global equilibrium -- securing Obama's place in history, and her own.
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Unlike the erratic democratic political process, there exists in markets a stable, welfare-maximizing equilibrium at which free-acting individuals also optimize social welfare while pursuing their own self-interests.
The macroeconomy has a long-run equilibrium natural rate of unemployment and GDP from which unanticipated counter-cyclical policy can scarcely nudge the economy.
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The Indian Express said the talks "could be the first step towards a new equilibrium in Sino-Indian relations".
Mr Gould's opponents referred to punctuated-equilibrium theory as evolution by jerks.
Those who worked with what was alive in an infinity of yesterdays complained that even though they had no good explanation of why punctuated-equilibrium theory worked, you couldn't argue with the evidence in the rocks, maths or no maths.
Though punctuated-equilibrium theory as originally conceived has made few converts, the role of accidents in evolution is more widely appreciated, as asteroid collisions and nearby supernovae are recognised as hazards that can wipe out whole groups of organisms arbitrarily.
I'm even cautiously optimistic that the current impasse over gun regulation is a bad-equilibrium that few consumers actually want, and that a reconstructed Freedom Group, fighting for sensible change as a fifth column from within the industry, might well find that many people -- even a significant portion of the NRA's members -- would buy from a truly responsible (and high quality) gunmaker if given the chance.
When markets get statistically too far out of whack, they must return to long-term equilibrium.
The consensus view, expressed by either buying or selling the stock determines the market value of the security through a supply-demand equilibrium.
By suppressing long-run interest rates, the Fed is distorting asset prices, including housing prices that need to fall to restore long-run equilibrium.
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In particular, delaying doing anything has led to a continued do-nothing equilibrium for employers, whose hesitancy to hire in light of this uncertainty has kept unemployment growth tepid.
For me equilibrium represents a risk-free speculation where you can sit and stalk a company without taking an exposure waiting for the beginning of a large move in either direction.
As the investigation into the results of the trial gets under way and the waters calm, the market is likely to climb a bit to a more stable equilibrium in the near-term.
The spurt in productivity growth in America has pushed up share prices in anticipation of future productivity gains, and also improved the competitiveness of American goods, thus increasing the dollar's long-term equilibrium level.
George Alogoskoufis, an economist at the Athens School of Economics, and Richard Portes, of the London Business School, argue that shifts in portfolios could push the euro temporarily above its long-run equilibrium level.
In Chile a fiscal law obliges the government to run budget surpluses whenever the economy is at full employment and the copper price is above its long-run equilibrium, as estimated by an independent panel.
As lower costs encourage firms to produce more at any given price (ie, the supply curve shifts from S1 to S2 in the chart), the long-term equilibrium level of output will rise and the price level will fall.
The biggest challenge for the international force will be maintaining the equilibrium between the Tajik-dominated Northern Alliance, whose unpaid fighters are still camped out around Kabul, and the Pushtuns who, as the largest ethnic group, will want a bigger slice of power as efforts to form a new government gather pace.
In the meantime, demand is likely to grow in a variety of sectors, prices will rise, and a longer-term price equilibrium will eventually kick into place.
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Ultimately, the market will reach an equilibrium between investment and savings because in the absence of an equilibrium the benefits of a savings-only strategy would evaporate.
In equilibrium everyone who thinks Bitcoin is under-valued already has all the bitcoins he or she is willing to pay for.
Another appealing aspect of biodynamics is the notion of healing the land, of bringing soils and their environment--and the cosmos--back into a lively equilibrium.
Introduce a third seller, however, and the stifling equilibrium is broken as a series of market-energising relocations and pricing changes kick in.
Mr Niasse has said the new government's first task would be "to re-establish the country's equilibrium and stop the wave of corruption".
Two thousand years hence, Sherwood says hypothesized collections of Asteroidal materials congregating at the Earth-Sun L4 and L5 gravitational equilibrium points would make for building materials to construct a large rotating pancake disk capable of housing thousands of people in the comfort of a free-breathing atmosphere and some form of artificial gravity.
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Half-measures will result in a new equilibrium, but one that is still too heavy.
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For their part, the Arabs have demonstrated clearly that they do not share the administration's newfound faith that a nuclear-armed Iran will reach a stable equilibrium in a Bakeresque Middle Eastern balance of powers.
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