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ERE and Equilibrium page merge

Mises talks about equilibrium in the same section of Human Action where he talks about ERE. In fact, unless I'm reading it incorrectly, he uses the ERE to define equilibrium. In the traditional standard of Austrians, let me block-quote someone else:

The term evenly rotating economy (ERE) was introduced by Ludwig von Mises in order to distinguish the concept of static equilibrium used by economists from equilibrium models used by students of physical systems.

(from the beginning of [1] (note to self, it might be a good idea to put this in the actual article...))

As such, it made sense to merge the two pages together. Also, both pages were kind of stubby anyways, and it seemed rather superfluous to copy-paste the same Hulsmann section on to both pages.

Smith (talk) 05:38, 17 December 2014 (EST)


It would make sense to add in the Sraffa/Hayek debate either here or on the interest page. Smith (talk) 13:51, 28 July 2016 (EDT)