Equilibrium Quotes - page 7
![The general theory of economic equilibrium was strengthened and made effective as an organon of thought by two powerful subsidiary conceptions - the Margin and Substitution. The notion of the Margin was extended beyond [Utility]] to describe the equilibrium point in given conditions of any economic factor which can be regarded as capable of small variations about a given value, or in its functional relation to a given value. (John Maynard Keynes)](https://cdn.quotesdtb.com/img/quotes_images_webp/34/john-maynard-keynes-beyond-296534.webp)
Man is, at one and the same time, a solitary being and a social being. As a solitary being, he attempts to protect his own existence and that of those who are closest to him, to satisfy his personal desires, and to develop his innate abilities. As a social being, he seeks to gain the recognition and affection of his fellow human beings, to share in their pleasures, to comfort them in their sorrows, and to improve their conditions of life. Only the existence of these varied, frequently conflicting, strivings accounts for the special character of a man, and their specific combination determines the extent to which an individual can achieve an inner equilibrium and can contribute to the well-being of society.
Albert Einstein
Health is wholeness--wholeness in its most profound sense, with nothing left out and everything in just the right order to manifest the mystery of balance. Far from being simply the absence of disease, health is a dynamic and harmonious equilibrium of all the elements and forces making up and surrounding a human being.
Andrew Weil
Higher, directed forms of energy (e. g., mechanical, electric, chemical) are dissipated, that is, progressively converted into the lowest form of energy, i. e., undirected heat movement of molecules; chemical systems tend toward equilibria with maximum entropy; machines wear out owing to friction; in communication channels, information can only be lost by conversion of messages into noise but not vice versa, and so forth.
Ludwig von Bertalanffy
Biologically, life is not maintenance or restoration of equilibrium but is essentially maintenance of disequilibria, as the doctrine of the organism as open system reveals. Reaching equilibrium means death and consequent decay. Psychologically, behaviour not only tends to release tensions but also builds up tensions; if this stops, the patient is a decaying mental corpse in the same way a living organism becomes a body in decay when tensions and forces keeping it from equilibrium have stopped.
Ludwig von Bertalanffy
Conventional physics deals only with closed systems, i. e. systems which are considered to be isolated from their environment... However, we find systems which by their very nature and definition are not closed systems. Every living organism is essentially an open system. It maintains itself in a continuous inflow and outflow, a building up and breaking down of components, never being, so long as it is alive, in a state of chemical and thermodynamic equilibrium but maintained in a so-called steady state which is distinct from the latter.
Ludwig von Bertalanffy
We find systems which by their very nature and definition are not closed systems. Every living organism is essentially an open system. It maintains itself in a continuous inflow and outflow, a building up and breaking down of components, never being, so long as it is alive, in a state of chemical and thermodynamic equilibrium but maintained in a so-called steady state which is distinct from the latter.
Ludwig von Bertalanffy
The sudden change [Wotruba and his wife returned to Vienna in December 1945, at the end of the war; there he started to direct a class for advanced students on the Akademie der Bildenden Künste of Vienna] has had a shock effect on me and on my work. The almost sensual excitement caused by the destruction around me wears off rather quickly. It is not my duty to give this past [of Nazism and the war-years, fh] more significance than it has already been given in literature, on the stage and in the cinema. I am concerned with the figure, with the statuary, i. e., with statics, measurement, equilibrium, and with unity.
Fritz Wotruba
The all-inclusiveness of the equilibrium concept in New Classicism warns against comparisons of EBCT and ABCT that ignore the radically different methodological contexts. For instance, the inevitable bust that figures importantly in ABCT cannot easily be translated into the language of EBCT. For the Austrians, "equilibrium bust" is a term at war with itself; for the New Classicists, "disequilibrium bust" can only mean an unexplainable downturn.
Roger Garrison
... I believe I have come to adopt a cybernetic way of thinking... I became aware of this in the many conversations with students who were worrying about their future and asked for advice. I heard myself telling them that it was far more important to know what one did not want to do, than to have detailed plans of what one did want to do. One day it dawned on me that this was plain cybernetic advice; It is more useful to specify constraints rather than goals. - And then I explained it by adding that in one's teens or twenties one usually has already discovered a number of things that one cannot stand, whereas it is quite impossible to foresee what, ten or twenty years later, will provide the satisfactions needed to maintain one's equilibrium.
Ernst von Glasersfeld
For me, as I later came to say, cybernetics is the art of creating equilibrium in a world of possibilities and constraints. This is not just a romantic description, it portrays the new way of thinking quite accurately. Cybernetics differs from the traditional scientific procedure, because it does not try to explain phenomena by searching for their causes, but rather by specifying the constraints that determine the direction of their development.
Ernst von Glasersfeld
When we examine this suggestion, we see that it is no more than a formal acknowledgement of a problem, the problem of how (by what institutional arrangement, by what organization of affairs) the equilibrium prices are to be discovered. Repeated trial and error, while the market stands in suspense awaiting the outcome, is not a practical resort. The number of distinct trials, even if confined to discrete steps of price and quantity, would be so immense that the necessary 'market day' would extend beyond human life-times... [The] theoretical ideal applies to mutually isolated days or moments, each to be treated as perfectly self-contained and looking to no yesterday and no tomorrow. But the real market is dealing with goods inherited from yesterday, and in means of production whose products will not be ready till tomorrow. Meanwhile the non-economic circumstances are changing and rendering each successive equilibrium obsolete.
G. L. S. Shackle
There is little point in demanding minor concessions and relaxations of the abstract, timeless general equilibrium. The light it can throw on human affairs is throw by its most austere and formal version. We are not concerned to ask: How could it possibly work? The useful question is: What does its logical structure imply?
G. L. S. Shackle
