youdao

To his point that tort law would not be needed in general equilibrium, I would add that torts themselves could not be committed in such a situation.

他的观点是，在一般均衡的情景下将不需要侵权法。我想补充一点，在这样的情景下连侵权行为都不可能发生。

youdao

This comment relates to another point I would make about general equilibrium; not only has it never existed, and is not an operational concept, but also it could not conceivably exist.

我对一般均衡的另一个论点与上一个意见有关，它不仅从未存在过，也不是一个可操作的概念，而且根本不能想象它的存在。

youdao

In other words, we need criteria for equilibrium under more general conditions than the ones that we've dealt with so far, than the one set of conditions that we've dealt with so far, which is isolated system.

换句话说,相比我们目前为止,考虑和处理的问题，我们需要更一般条件下平衡的判据,我们目前，只考虑了孤立系统。

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Sometimes the world works according to general equilibrium, but sometimes you need game theory.

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ABMs, in contrast, make no assumptions about the existence of efficient markets or general equilibrium.

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Part of the reason lies in the computable general equilibrium (CGE) models used by the Bank's (and other) economists.

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