Spiritual solutions to economic problems are discovered by an understanding that the divine microeconomy is built upon a tapestry of human virtues.
Friday, August 30, 2013
Halting Of The Competitive Process In Disequilibrium.
If in any one
period the competitive process comes to a halt it does not mean a failure of
the process. Disequilibrium – the real world condition – is characterized by
widespread ignorance, meaning that despite all the alertness that market
participants have they still are unaware of all of the opportunities that
exist. In this sense the competitive process is in a ‘potential’ state but as
soon as the opportunities are perceived they will be pursued in a most