Psychology Dictionary of ArgumentsHome
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| Equilibrium: In physics, equilibrium is a state in which the forces acting on an object or system are balanced. This means that the net force is zero, and the object or system is not accelerating. The concept helps to understand how objects and systems behave. It is also used in engineering, chemistry, and economics._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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James M. Buchanan on Equilibrium - Dictionary of Arguments
Brocker I 565 Equilibrium/Buchanan: only when a state of "natural distribution"(1) has been reached does contractual negotiations take place in which property rights (i.e. all types of individual rights of disposal) are negotiated. >Contracts, >Contracts/Buchanan. The so-called "natural distribution" arises as follows: 1. There is a shortage of goods 2. Consumption by one person means a negative effect for every other person (rivalry) 3. Each person wants to bring as much as possible into his possession 4. Characteristics that are conducive to competition are not evenly distributed 5. This will result in an uneven distribution of goods. This situation arises when the marginal benefits of the conquest costs and the marginal costs of the defence efforts Brocker I 566 will be balanced. This "natural balance" has a certain stability. The parties can only improve their position through a disarmament agreement. Negotiations/Buchanan: Negotiations are conducted to reduce unproductive defence costs. Both A and B recognize that they are better off if they can save on defence costs. Wolfgang Kersting, „James M. Buchanan, Die Grenzen der Freiheit“ in: Manfred Brocker (Hg.) Geschichte des politischen Denkens. Das 20. Jahrhundert. Frankfurt/M. 2018_____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
EconBuchan I James M. Buchanan Politics as Public Choice Carmel, IN 2000 Brocker I Manfred Brocker Geschichte des politischen Denkens. Das 20. Jahrhundert Frankfurt/M. 2018 |
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> Counter arguments in relation to Equilibrium
