Equilibrium

Being a late 70’s trained Keynesian I really enjoy the way Dierdre McCloskey starts her sentence:

“In equilibrium”–a phrase with resonance in bourgeois economics similar to “God Willing” in Abrahamic religions–…………..

It always brings a smile.  You can find this on page 456 of The Bourgeois Virtues (2006 The University of Chicago Press) where she discusses consumerism. Even though the text has been out since 2006, I’m just getting to it.

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