tag:blogger.com,1999:blog-6245381193993153721.post8789161517905076545..comments2024-03-28T17:08:15.784-07:00Comments on Social Democracy for the 21st Century: A Realist Alternative to the Modern Left: Austrians and the Market’s Tendency to EquilibriumLord Keyneshttp://www.blogger.com/profile/06556863604205200159noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6245381193993153721.post-2587288303852790172013-12-27T16:39:47.138-08:002013-12-27T16:39:47.138-08:00As soon as the data of the market changes the PSR ...As soon as the data of the market changes the PSR ends. Not a very significant point, is it?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6245381193993153721.post-38639073676355081602013-12-23T22:40:02.025-08:002013-12-23T22:40:02.025-08:00You did not read this passage of Mises:
" A ...You did not read this passage of Mises:<br /><br />" A state of rest emerges. This state of rest, which we may call the plain state of rest, is not an imaginary construction. It comes to pass again and again. When the stock market closes, the brokers have carried out all orders which could be executed at the market price. Only those potential sellers and buyers who consider the market price too low or too high respectively have not sold or bought.” Lord Keyneshttps://www.blogger.com/profile/06556863604205200159noreply@blogger.comtag:blogger.com,1999:blog-6245381193993153721.post-21241891487057590362013-12-23T11:34:25.237-08:002013-12-23T11:34:25.237-08:00None of these states describe the real world. They...None of these states describe the real world. They describe a static world.<br />Mises said as much. <br />Anonymousnoreply@blogger.com