Equilibrium in example sentence

The model, formalizing a central insight of Adam Smith’s The Wealth of Nations, embodies the beauty, simplicity, and lack of realism of the two fundamental theorems of competitive equilibrium, in contrast to the messiness and complexity of modifications made by economists in an effort to capture better the way the world actually functions.

More example sentences with word equilibrium

So Boltzmann says, look, you could start with a universe that was in thermal equilibrium.

He says, the problem with thermal equilibrium is that we can't live there.

We would not be able to process information, metabolize, walk and talk, if we lived in thermal equilibrium.

So this work was a real technical challenge for us, and we worked very hard, like most of our works, over years to get the mechanics right and the equilibrium and the dynamics.

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