I remember Robbins asking me if I could turn the Hayek model into math — Equilibrium

"Maxwell... during the 1860s... showed that when the velocities reached the bell-shaped distribution, no further net change was likely. (...Ludwig Boltzmann further elaborated... and strengthened Maxwells results). Any specific molecule would speed up or slow down, but... other molecules would change in speed to compensate. When a gas reached that state... the gas was at equilibrium. ...[T]his notion of equilibrium is precisely analogous to the Nash equilibrium in game theory. ...[J]ust as the Nash equilibrium is typically a mixed set of strategies, a gas seeks an equilibrium state with a mixed distribution of molecular velocities."

"[The notion of equilibrium] is a notion which can be employed usefully in varying degrees of looseness. It is an absolutely indispensable part of the toolbag of the economist and one which he can often contribute usefully to other sciences which are occasionally apt to get lost in the trackless exfoliations of purely dynamic systems."

"The equilibrium model describes systems which, in moving to an equilibrium point, typically lose organization, and then tend to hold that minimum level within relatively narrow conditions of disturbance."

"Equilibrium is a figment of the human imagination."

"The equilibrium between supply and demand is achieved only through a reaction against the upsetting of the equilibrium."

"In Deutschs view, to say that a social system is in equilibrium implies that: 1) it will return to a particular state when disturbed; 2) the disturbance is coming from outside the system; 3) the greater the disturbance the greater the force with which the system will return to its original state; 4) the speed of the systems reaction to disturbance is somehow less relevant — a sort of friction, or blemish having no place in the "ideal" equilibrium; 5) no catastrophe can happen within the system."

"As long as you keep getting born, it’s okay to die sometimes."

"The smart way to keep people passive and obedient is to strictly limit the spectrum of acceptable opinion, but allow very lively debate within that spectrum - even encourage the more critical and dissident views. That gives people the sense that theres free thinking going on, while all the time the presuppositions of the system are being reinforced by the limits put on the range of the debate."

"History is a strange experience. The world is quite small now; but history is large and deep. Sometimes you can go much farther by sitting in your own home and reading a book of history, than by getting onto a ship or an airplane and traveling a thousand miles. When you go to Mexico City through space, you find it a sort of cross between modern Madrid and modern Chicago, with additions of its own; but if you go to Mexico City through history, back only 500 years, you will find it as distant as though it were on another planet: inhabited by cultivated barbarians, sensitive and cruel, highly organized and still in the Copper Age, a collection of startling, of unbelievable contrasts."

"As soon as a thought or word becomes a tool, one can dispense with actually ‘thinking’ it, that is, with going through the logical acts involved in verbal formulation of it. As has been pointed out, often and correctly, the advantage of mathematics—the model of all neo-positivistic thinking—lies in just this ‘intellectual economy.’ Complicated logical operations are carried out without actual performance of the intellectual acts upon which the mathematical and logical symbols are based. … Reason … becomes a fetish, a magic entity that is accepted rather than intellectually experienced."

"Our feminist culture at the present moment is completely dependent on capitalism. My grandmother was still scrubbing clothes on the back porch on a washboard!"

"A word of the faith that never balks, Here or henceforward it is all the same to me, I accept Time absolutely. It alone is without flaw, it alone rounds and completes all, That mystic baffling wonder alone completes all. (23)"