A key difficulty in measuring profit is in defining costs. Pure economic monetary profits can be zero or negative even in competitive equilibrium when accounted monetized costs exceed monetized price.
A system is in equilibrium when the forces constituting it are arranged in such a way as to compensate each other, like the two weights pulling at the arms of a pair of scales.
Rudolf Arnheim
A system is in equilibrium when the forces constituting it are arranged in such a way as to compensate each other, like the two weights pulling at the arms of a pair of scales. Rudolf Arnheim
All biologic phenomena act to adjust: there are no biologic actions other than adjustments. Adjustment is another name for Equilibrium. Equilibrium is the Universal, or that which has nothing external to derange it. Charles Fort
Democracy is the only system capable of reflecting the humanist premise of equilibrium or balance. The key to its secret is the involvement of the citizen. John Ralston Saul
Establishing an equilibrium between the Islam of truth and Islam as an identity is one of the most difficult tasks of religious intellectuals. Abdolkarim Soroush
For this equilibrium now in sight, let us trust that mankind, as it has occurred in the greatest periods of its past, will find for itself a new code of ethics, common to all, made of tolerance, of courage, and of faith in the Spirit of men. Albert Claude
If all mankind were to disappear, the world would regenerate back to the rich state of equilibrium that existed ten thousand years ago. If insects were to vanish, the environment would collapse into chaos. E. O. Wilson
Is it a surprise that into the vessel, in which the mercury has no inclination and no repugnance, not even the slightest, to being there, it should enter and should rise in a column high enough to make equilibrium with the weight of the external air which forces it up? Evangelista Torricelli
Now if this electron is displaced from its equilibrium position, a force that is directly proportional to the displacement restores it like a pendulum to its position of rest. Pieter Zeeman
The first and most optimistic response was complete rational expectations econometrics. A rational expectations equilibrium is a likelihood function. Maximize it. Thomas J. Sargent
The hierarchy of relations, from the molecular structure of carbon to the equilibrium of the species and ecological whole, will perhaps be the leading idea of the future. Joseph Needham
The proposition of an established classification of states as slave states and free states, as insisted on by some, and into northern and southern, as maintained by others, seems to me purely imaginary, and of course the supposed equilibrium of those classes a mere conceit. William H. Seward
Unless we form the habit of going to the Bible in bright moments as well as in trouble, we cannot fully respond to its consolations because we lack equilibrium between light and darkness. Helen Keller
We know, in other words, the general conditions in which what we call, somewhat misleadingly, an equilibrium will establish itself: but we never know what the particular prices or wages are which would exist if the market were to bring about such an equilibrium. Friedrich August von Hayek
