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Word: equilibrium (lookup in dictionary) (lookup stats)
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...towering reputation in Washington as a bureaucrat who gets things done. A vastly energetic but informal official who often pads about his office in stocking feet, Kahn is a trained economist who believes that the greatest challenge to his profession "is deciding not what the ultimate, economically rational equilibrium should look like, but what is economically rational in an irrational world and how best to get from here to there." At week's end he had not decided whether to take the job. If he does, he has a quick enough wit to appreciate a gag that is circulating...

Author: /time Magazine | Title: Business: Inflation: The Big Fight Opens | 10/30/1978 | See Source »

...clones are throwing together some computer statistics on demographics, and discouraging people from majoring in American History. There are many Nobel Prize winners among us here at Harvard, including Kenneth Arrow, University Professor and recipient of the hallowed award in 1972 for his work in General Equilibrium and the Concept of Social Choice. Arrow, however, will be leaving Harvard next fall for the warmer and sunnier climate at Sanford...

Author: By Laurie Hays, | Title: As Long As You Asked... | 9/1/1978 | See Source »

...York has regained a kind of vivacious equilibrium, how long can it last? The city is painfully dependent on the good fortunes of the national economy. New York City, the strictly physical plant, is in a state of appalling neglect. The West Side Highway has literally fallen apart. Despite some renovations, the city's housing stock is in disastrous condition, especially in slums...

Author: /time Magazine | Title: Nation: New York Bounces Back | 8/21/1978 | See Source »

...into 13 separate storage tanks, some big enough for full-court basketball. The ship must settle on an even keel, yet the tanks cannot be filled simultaneously because it could lead to spills. Portz has to route, or "pinch," the flow back and forth to maintain a rough equilibrium. "Right now you've got to avoid having everything top off at once," he concludes in mixed landlubber jargon. "It's like filling a lot of bathtubs. You have to keep them from running over...

Author: /time Magazine | Title: In Alaska: An Oil Tanker Sails | 6/19/1978 | See Source »

...glaciers that end at the sea, Columbia continually "calves" or drops chunks of ice off its face as it moves forward. This process can speed up dramatically when changing climatic conditions cause a glacier to begin thinning out. This decrease in thickness can destroy a glacier's delicate equilibrium and radically increase calving in a process called "drastic retreat" that may last for decades...

Author: /time Magazine | Title: Environment: Iceberg Menace in Alaska | 6/5/1978 | See Source »

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