The general method involved may be very simply stated. In cases where the equilibrium values of our variables can be regarded as the solutions of an extremum (maximum or minimum) problem, it is often possible regardless of the number of variables involved to determine unambiguously the qualitative behavior of our solution values in respect to changes of parameters.
Paul SamuelsonRelated topics
equilibrium general maximum number possible problem qualitative respectRelated quotes
We were created for eternal life by our Creator, we are called to it by the word of God, and we are renewed by holy Baptism. And Christ the Son of God came into the world for this, that He should call us and take us there, and He is the one thing needful. For this reason your very first endeavor and care should be to receive it. Without it everything is as nothing, though you have the whole world under you.
Tikhon of Zadonsk
I then follow up with four major aspects of economic research in the last 60 years, the period of my scholarly activity. One, econometric methodology and practice, is of such fundamental importance that it cannotgo unnoticed, although I played no role in it. With the other three, general equilibrium, dynamic processes, and uncertainty and information, I was more intimately involved.
Kenneth Arrow
We introduced a new model of behavior: don't get involved in diffuse general ideological polemics with the center, to whom numerous concrete causes are always being sacrificed; fight "only" for those concrete causes, and be prepared to fight for them unswervingly, to the end. In other words, don't get mixed up in backroom wheeling and dealing, but play an open game.
Václav Havel
My colleague Paul Glansdorff and I have investigated the problem as to if the results of near-equilibrium can be extrapolated to those of far - from-equilibrium situations and have arrived at a surprising conclusion: Contrary to what happens at equilibrium, or near equilibrium, systems far from equilibrium do not conform to any minimum principle that is valid for functions of free energy or entropy production.
Ilya Prigogine
I did not share President's view on the Palestine solution...The number that could be absorbed by Arab Palestine without creating a grave political problem would be inadequate, and to transform the country into a Jewish state capable of receiving a million or more immigrants would vastly exacerbate the political problem and imperil not only American but all Western influence in the Near East.
Dean Acheson