13-1a3a3 The equilibrium price implies no further changes (the so-called subjective improvements)

A final equilibrium position implies the end of progress

“The state of final equilibrium is one which the economy is always tending to approach. It is never reached in practice and it is always changing. At the final position of rest, on the basis of the given, actually existing value scales, all individuals would have attained the highest positions on their value scales, given the technology and resources. Such a position of no change would be most unfortunate, since it would imply that no further want-satisfaction would be possible.”

Next:

• 13-1a3a4 The equilibrium price cannot be realized, except in the evenly rotating economy (ERE)

Related:

• On progress
  • 3-1d6 Constraints in the form of consistent style leave space for creativity and progress
  • 3-1d6e You can only progress within the context of your own specificity. You can’t progress objectively, although you can progress towards the objective knowledge.
• Everything changes
  • 12-1e Nothing is necessary = Everything is contingent
    • 12-1e0 Everything changes
  • 3-1c3c2d Any explanation, including the theory of physics, can be improved indefinitely
  • 10-2d The medium of expression, language, can also improve indefinitely
• 11-3.1 ‘Equilibrium’ - Anything innovative escapes the Invisible Hand
• 11-3.4 ‘Utility’ (marginal, diminishing, increasing) - Specialization beats the Invisible Hand