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The basic formulation of the conflicts of interest rule is that a conflict exists "if there is a substantial risk that the lawyer's representation of the client would be materially and adversely affected by the lawyer's own interests or by the lawyer's duties to another current client, a former client, or a third person."
General disequilibrium Information at IDEAS / RePEc Herschel Ivan Grossman (6 March 1939 – 9 October 2004) was an American economist best known for his work on general disequilibrium with Robert Barro in the 1970s [ 2 ] and later work on property rights and the emergence of the state.
Person of interest is usually used as a euphemism for suspect, and its careless use may encourage trials by media. With respect to terrorism investigations, Eric Lichtblau wrote in the New York Times: "Law enforcement officials say that the term simply reflects the new tactics required to fight terrorism. But some legal scholars say officials ...
Disequilibrium is the lack of or opposite of an equilibrium. Economics. lack of economic equilibrium; General disequilibrium; Disequilibrium (economics) Medicine. Disequilibrium (medicine) (DES), a syndrome in cerebral palsy; lack of equilibrioception; Dialysis disequilibrium syndrome; Political science. Status-income disequilibrium; Population ...
Studies of general disequilibrium showed that the economy behaved differently depending on which markets (for example, the labor or the goods markets) were out of equilibrium. When both the goods and the labor market suffered from excess supply , the economy behaved according to Keynesian theory.
Monetary disequilibrium theory is a product of the monetarist school and is mainly represented in the works of Leland Yeager and Austrian macroeconomics. The basic concepts of monetary equilibrium and disequilibrium were, however, defined in terms of an individual's demand for cash balance by Mises (1912) in his Theory of Money and Credit. [1]
When the natural rate of interest is lower than the money rate, the demand for credit dries up leading to a negative disequilibrium and capital destruction. Wicksell also argued that prices would be stable when the two rates of interest were in equilibrium, an idea that was subsequently demonstrated to have been flawed by Gunnar Myrdal and ...
Disequilibrium macroeconomics is a tradition of research centered on the role of deviation from equilibrium in economics. This approach is also known as non-Walrasian theory , equilibrium with rationing , the non-market clearing approach , and non-tâtonnement theory . [ 1 ]