Profits Disappear Only In Equilibrium, Which We Never Reach

Dear U: Thanks for your important question. In my humble opinion, unless we are in equilibrium, no such equality will occur. But, while we are always tending in that direction, we are never in equilibrium. You might ask, along the same lines, why are not profits in all industries (apart from risk considerations) not equal. And, also, why do profits, all of them, not fall to zero. I give the same response now: this would indeed occur, were we ever in full equilibrium, but we never attain that situation. I hope and trust you’ll find this of help to you … Continue reading Profits Disappear Only In Equilibrium, Which We Never Reach