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We know, in other words, the general conditions in which what we call, somewhat misleadingly, an equilibrium will establish itself: but we never know what the particular prices or wages are which would exist if the market were to bring about such an equilibrium. ↗
He would see civilization in danger of perishing under the oppression of a gigantic paradox: he would see multitudes of people starving in the midst of plenty, and nations preparing for war although pledged to peace. ↗
