Related:
- 1-2g2b Humans are significant insofar as we can create knowledge
- On the evenly rotating economy:
- 13-1a3a4 The equilibrium price cannot be realized, except in the evenly rotating economy (ERE)
- 13-1a3a4b The long run of the evenly rotating economy (ERE) is not real at all, but a very useful theoretical construct that enables the economist to point out the direction in which the market is moving at any given time
- 13-1a3a5 The concept of an equilibrium price presupposes a world without further subjective re-evaluations or change
- 13-3a0 The evenly rotating economy (ERE) disregards knowledge creation
- 13-5b2b Because of money, the rate of return will tend to be uniform throughout the length and breadth of the production structure
- 13-5b2c There is no time inconsistency in the evenly rotating economy (ERE)
- 13-5b2d Production processes in the evenly rotating economy are interchangeable, hence the analysis becomes scale-independent and substrate-independent
- 13-5b2e There is no substantial difference between debt and equity, at least in the evenly rotating economy
- 13-5d2 Interest is not the reward of capital goods per se—it is derived from the generalized investment of time
- 13-5g1 The ERE (evenly rotating economy) is not the condition but the effect of thought experiment