As soon as we do have changing technology then we cannot have an economy in equilibrium.
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Our sensitive social framework, in the time of plenty, was largely kept in equilibrium - until now.
Of course, in equilibrium, that sort of shift is impossible in aggregate since somebody still has to hold the money.
In equilibrium everyone who thinks Bitcoin is under-valued already has all the bitcoins he or she is willing to pay for.
In the first half of the 20th century, ecologists came to believe in equilibrium that natural systems tended toward a steady state.
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They had to, in order to keep success and failure in equilibrium.
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"This would suggest that they system is in equilibrium, " Niskanen says.
In our analysis of the impact of Japan's demography, we have shown that the current level of private-sector gross savings is indeed higher than we would expect in equilibrium.
An economy can only be in equilibrium (whether we are talking about a market based one or a planned one, a communist one or a capitalist one) if technology is static.
FORBES: The Death of Macroeconomics: There is No Invisible Hand
In the long term, fixed currency rates were a recipe for trouble because when economic times changed currencies, conversion rates needed to change as well to keep the economy in equilibrium.
The two strategies remain in equilibrium because, if one became rarer compared with the other, its practitioners would enjoy more individual success, passing their genes on preferentially and thus restoring the balance.
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Mass balances during hydrological years were positive in 2000, negative in 2001 and near equilibrium in 2002.
Here are Wright's eternal themes: fire, earth and water, in perfect equilibrium.
It is 50 years since the price of Old Master and Modern pictures, at all levels of quality, was in rough equilibrium.
In that sense we can talk of equilibrium in an economy.
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Half-measures will result in a new equilibrium, but one that is still too heavy.
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Beal thinks the government has delayed equilibrium in a number of areas, especially commercial real estate.
The Indian Express said the talks "could be the first step towards a new equilibrium in Sino-Indian relations".
The result would be an equilibrium in which various attitudes to fairness do just as well as each other.
Which does mean of course that an attempt to model the economy as something either in or approaching equilibrium is really rather odd.
FORBES: The Death of Macroeconomics: There is No Invisible Hand
But I do have the view that there must be some form of dynamic equilibrium in Asia Pacific, in East and Southeast Asia.
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That is at model time folks seem to forget that they are dealing with a complex system that has specifically evolved to maintain equilibrium in the face of exogenous shocks.
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.
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.
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.
For we tend to treat technology as a residual in our models when in fact it is technology which drives all of the changes, the moves away from equilibrium, in the first place.
FORBES: The Death of Macroeconomics: There is No Invisible Hand
Part of the reason lies in the computable general equilibrium (CGE) models used by the Bank's (and other) economists.
The recent uprisings in some Arab states have highlighted the power of media and the human quest for media freedom, as well as underlining the fact that social inequalities will indefinitely search for equilibrium, in order to address those inequalities.
In Mr Tulip's view, a good part of the difference between the low equilibrium rate of unemployment in America (and Britain) and the much higher rates in continental Europe can be attributed to Europe's higher minimum wages.
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