disequilibrium

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disequilibrium

a situation where a state of EQUILIBRIUM has not been attained or, having been attained, ceases to be maintained. If there is a natural tendency towards equilibrium, the system is said to be stable. If the reverse is true, the system is said to be unstable. See COBWEB THEOREM, DYNAMIC ANALYSIS.
References in periodicals archive ?
Prices are the end results of the process of exchange, incidental manifestations of economic activities, and symptoms of an economic equilibrium (Menger, 2007).
The Equilibrium Manifold: Postmodern Developments in the Theory of General Economic Equilibrium. Cambridge: MIT press.
In their frantic attempt to restore economic equilibrium as the financial crisis deepens, it is unsurprising to find governments adapting what some may call unethical methods to address the ever growing numbers of people considered by some as well past their sell-by dates.
This nuanced point of "appropriately reflecting the risk of loss and the cost of capital" is worthy of note because it served as the initial proscriptive statutory step toward price discovery related to conforming product, or establishing economic equilibrium for the GSEs where credit risk pricing responsibility is transferred from the GSEs to FHPA.
Two fundamental elements of his analysis are: (a) the idea of domestic economic equilibrium resulting from the equality of domestic savings and investment, and (b) the disruption of this equilibrium is caused by monetary/credit disturbances, rather than price disturbances.
In order to illustrate mathematically such a thing we have built a similar situation to a Stackelberg duopoly in which we will develop a new type of economic equilibrium an approach that we consider defines the investor's logic in dynamic decision situations in a more adequate manner than the classical Nash approach.
To determine the economic equilibrium given the possibility of multiple votes on the tax rate and identical rich agents, first consider the case where [[theta].sup.*] is zero (an economy without taxation).
Economics writer and lecturer Medaille argues that attempts to separate economic equilibrium from economic equity will cause an unbalanced economy, creating ruin or disastrous government attempts to restore balance.
On this occasion, however, Wirral has to face up to the new economic reality and introduce savings that balance the budget without upsetting the council's economic equilibrium. They have to get it absolutely right, or the impact on Wirral residents could be dire.
John Medaille advocates a truly free-market system by considering economics as a humane science and arguing that economic equilibrium and economic equality together lead to an unbalanced economy.
But unless we address a low economic equilibrium and restructure the basic structure of our productive sectors and nature of exports we will not get out of the trap of low growth and macroeconomic imbalances.
The new prices are "close to the point of economic equilibrium," which will lead to a "substantial improvement" in airline finances, it said in the resolution published in the official gazette.

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