Final state of rest

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Final state of rest is an imagined or hypothetical state toward which every market action is a step but the attainment of which would mean that all market actions had ceased because man's attainable ends had all been attained and consequently there was no further cause for any more market actions. This state is never attained as man's ends are both unlimited and ever changing and every new end or shift in value scales sets off a new set of market actions tending toward a new and different final state of rest. Consequently, the final state of rest toward which all market actions are ever moving is constantly shifting before being reached. This imaginary construction is helpful as a guide to understanding current market movements at any specified time.[1]

References

  1. Percy L. Greaves, Jr. "Mises Made Easier ", 1974. Referenced 2014-07-12.